Chart of the Day: Student Loan Debt Crowing Out Mortgages

A new report from the New York Fed describes a disturbing trend: student loan debt has increased so much that it's crowding out the ability of college graduates to buy homes. As the chart on the right shows, young workers with student loan debt--most of whom are college grads--used to take on mortgage debt at a higher rate than the rest of the population. This made sense, since they generally had higher incomes and better career prospects. But that's been changing over the past few years. In 201...