The American Dream Has Become a Pipe Dream for Millennials

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The American Dream Has Become a Pipe Dream for Millennials

Dec, 21st 2016

At the beginning of 2016, the home ownership rate for those 30 and under sat at about 27.7%, the lowest it has been in decades.

On the other hand,  student loan debt rose to $1.2 trillion, though it has already surpassed the $1.3 trillion mark earlier this year. In a development which should surprise nobody, there seems to be a pretty clear correlation between the growing student loan debt Americans hold and the under 30 home ownership rate.

It isn’t too far of a stretch to see the percentage hit the 25% mark within the next couple of years.


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