Student Loan Debt Continues to Rise

With tuition costs increasing drastically over recent decades, student loan debt is now the largest type of consumer debt among Americans with a total amount just below that of mortgages. 70% of the 54 million working millennials are facing the issue and it is having an effect on the housing market. Young people are not as liquid as the once were and no longer considering buying a house as early as they once did. Attorney Rob Anctil forwards this Boston Globe article with more information: http://www.bostonglobe.com/lifestyle/real-estate/2016/09/30/student-loan-debt-causes-chain-reaction-housing-market/p6DGy4f2px9vadMJnKr39O/story.html?s_campaign=8315