The FRBNY study used analysis regarding the FRBNY Credit rating Panel comprising 1999 to 2012
The alternative factors we have to date exhibited recommend that the newest dating between student loan personal debt and you will homeownership was a beneficial mirage – or spurious – and each other trend are increasingly being determined of the particular big, exterior, push. But there’s as well as a powerful prevent story to of the. It could be, such as, that aggregate-top correlation anywhere between student loan loans and homeownership does not arrive into the individual-top data. In addition, data attributes and you can quality will get number. In a nutshell, compared with antique facts, you’ll be able to that student loan debtors are not any less likely buying a property than just non-debtors, in a fashion that the prior research on this subject thing try, in short, incorrect. Instance, Beth Akers duplicated the newest FRBNY research playing with study regarding the Survey of Consumer Funds-long considered the standard dataset for information debt and you can money in the united states-out of 1989 so you’re able to 2010. Compared with the newest FRBNY research, Akers discovered that, historically, student loan debtors amongst the ages of twenty-eight-32 have acquired some straight down homeownership prices than low-debtors and this, lately, debtors have got higher costs off homeownership than just low-debtors.