Search Results
Title: Homeownership among Young Americans: A Look at Student Loan Debt and Behavioral Factors
Resulting in 1 citation.
| 1. |
Letkiewicz, Jodi C. Heckman, Stuart J. |
|
Homeownership among Young Americans: A Look at Student Loan Debt and Behavioral Factors Journal of Consumer Affairs 52,1 (Spring 2018): 88-114. Also: https://onlinelibrary.wiley.com/doi/abs/10.1111/joca.12143 Cohort(s): NLSY97 Publisher: American Council on Consumer Interests (ACCI) Keyword(s): College Cost; Debt/Borrowing; Home Ownership; Risk-Taking; Student Loans / Student Aid Permission to reprint the abstract has not been received from the publisher. This study uses the National Longitudinal Survey of Youth (1997) to examine the factors that impact homeownership among young adults, with an emphasis on student loan debt. Three key findings arise from the research. First, life cycle and demographic characteristics, such as marital status, education, and income, continue to be strong predictors of homeownership. Married households with a college degree and children are among the most likely to own a home. Second, young adults with student loan debt are no more or less likely to own a home than someone without debt after controlling for a number of factors; however, students who have already paid off their loans are more likely to own a home. Finally, respondents who express a willingness to take risks in finances are more likely to own a home while those who are more conscientious are less likely to own a home. |
|
|
Bibliography Citation
Letkiewicz, Jodi C. and Stuart J. Heckman. "Homeownership among Young Americans: A Look at Student Loan Debt and Behavioral Factors." Journal of Consumer Affairs 52,1 (Spring 2018): 88-114.
|