Hundreds of thousands of young people nearing age 30 have put off major purchasing decisions because of their debts, the New York Times reports.
A new study by the Federal Reserve Bank of New York found that 30-year-olds with student loans were less likely to have home mortgages than 30-year-olds without student loans. And the same held true for 25-year-olds and car loans.
The silver lining: (Because there has to be one!) The study found that those with student loans are better educated and can expect to earn more money over their lifetimes.