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From Home Furnishing Business
August 22, 2016 by in Financial Reports, Industry
Due to high unemployment rates, lower marriage rates, and a fallen median income, Millennials are arriving late to the home buying industry and in turn the home furnishings industry.
Perhaps the most-cited factor for low millennial homeownership is their record level of student loan debt.
In this second series profiling Millennials, the focus is on the fact that they would prefer to own rather than rent, but financial barriers, like student debt hinder them.
See what the studies show, by clicking this link
http://furniturecore.com/HFBusiness/HFBNow/Factoids/CurrentFactoidArticle/ArticleID/14677/millennials-now-largest-home-buyers-percentage-of-graduates-with-college-debt-2004-to-2014.aspx