Developers expect that strong growth
among younger households will boost the apartment market in the second half of this decade.
One of the great debates in the mortgage industry today is whether the Great Recession has diminished the desire to own a home
among younger households.
On the other hand, student loans continue to grow, which could have a growing negative impact for home buying
among younger households in the years ahead.
The puzzle of declining total indebtedness in the face of rising student loan debt can be resolved by examining debt burdens
among younger households.
Overall, leverage is higher
among younger households whose heads do not have a bachelor's degree.
Judged on the basis of the typical debt - to - income ratio, the decline in household indebtedness
among younger households has not been uniform.
The puzzle of declining total indebtedness in the face of rising student loan debt can be resolved by examining debt burdens
among younger households.
This is very consistent with the large declines in homeownership
among younger households since 2005 (Emmons and Noeth, 2014).
But the decline in indebtedness has not been uniform
among young households.
Among young households headed by a college graduate, those with student debt are more likely than non-student debtors to have outstanding vehicle debt (43 % vs. 27 %), significantly more likely to have credit card debt (60 % vs. 39 %), and just as likely to have housing - related debt (56 %).
Among young households whose heads lack at least a bachelor's degree, student debtors are more likely than those without student debt to owe on vehicle loans, credit card debt and other types of debt and are just as likely to have a mortgage and other installment debt.
The typical or median amount owed on all outstanding student loan balances is about $ 13,000
among young households with such debt.3 This comports closely with other recent student debt figures.
Not exact matches
13, 2015,
among 1,807 U.S. parents with children
younger than 18, also shows that in two - parent families, parenting and
household responsibilities are shared more equally when both the mother and the father work full time than when the father is employed full time and the mother is employed part time or not employed.1 But even in
households where both parents work full time, many say a large share of the day - to - day parenting responsibilities falls to mothers.
While the bulk of single fathers
among younger men are cohabiting, the reverse is true for fathers ages 40 and older — most of these single fathers have no spouse or partner in their
household.
Arthur Penn may not be a
household name
among young cinephiles, but his iconic 1967 film «Bonnie and Clyde» was a brash boundary - pusher that opened the New American Cinema of the 1970s to extreme sex, violence, and a European sensibility.
While the film shows his evolution from
young boy in a strict Bible belt
household to Navy SEAL to celebrated, almost mythic, status
among his brothers - in - arms, we also observe the seething tensions that develop below the surface when he's not in a war zone.
The margin of opposition to vouchers grows by 38 points
among young adults and by 14 points
among people in less - than - $ 100,000
households using the more detailed question, while holding essentially steady
among seniors and
among top - income Americans.
During the last two decades, complacency had set in as reports from the U.S. Census Bureau's
household survey suggested that high school completion
among young adults was approaching 90 percent, the goal set by the first National Education Summit in Charlottesville, Virginia, in 1989.
The Pew Research analysis also finds that a record 40 % of all
households headed by someone
younger than age 35 owe such debt, by far the highest share
among any age group.
Among households without at least a bachelor's degree, student debtors are about 1.5 years
younger on average (29.0 vs. 30.7).
Among the college educated, the mean age of the student debtors is about a year
younger than
households not owing student debt (30.8 vs. 31.9).
Similar wide divergence in the incidence of negative net worth (debts in excess of assets) is apparent
among less - educated
young households (47 % versus 8 %).
Among young and less - educated
households, those lacking student debt are more likely to be devoting large amounts of their monthly income to debt service (14 %) than student debtors (9 %).
Younger households tend to be more highly leveraged than older
households, and student debtor
households tend to be more leveraged than
households that do not owe student debt.5
Among the
young and college - educated, student debtor
households are nearly twice as leveraged as their counterparts lacking student debt — 67 % vs. 34 %.
Among young less - educated
households, the difference in indebtedness is even more stark.
Among households headed by a
young adult without a bachelor's degree, those with no student debt had a median net worth of $ 10,900, while those with student debt had about a tenth of that ($ 1,200).
But
among households headed by a
young adult without a bachelor's degree, student debtors tend to have more total assets ($ 27,500) than those without student debt ($ 18,600).
Among young, college - educated
households, about 15 % of student debtors exceed the 40 % threshold.
«
Among the current generation of
young households, those who own homes carry more mortgage debt relative to income than previous generations did at the same age,» the review said.
In the latter case, transmission usually occurs when a kitten or
young cat comes into contact with an infected cat via the milk of his or her mother, grooming or fighting, mostly
among outdoor cats or those in multi-cat
households.
Kittens and
young cats primarily get the disease from their mother, grooming, or fighting — primarily
among cats who go outdoors or multi-cat
households.
21 percent were raising three or more children
younger than 18 (
among married - couple family
households only).
The results of this study indicate that participation in club sport
among both
younger and older adolescent girls is strongly positively associated with the SES of both their neighbourhoods and their
households, particularly in metropolitan areas.
Regarding the psychological wellbeing of the
young adults, those from female - headed
households showed lower levels of anxiety, depression, hostility and problematic alcohol use than their counterparts from traditional families, and higher levels of self - esteem, indicating more positive psychological adjustment
among young adults who had grown up in solo and lesbian mother homes, with no difference between the two.
Among young children, for example, those living with no biological parents, or in single - parent
households, are less likely than children with two biological parents to exhibit behavioral self - control, and more likely to be exposed to high levels of aggravated parenting, than are children living with two biological parents.
Among all of the Aboriginal children and
young people living in Western Australia, 35.3 per cent were found to be living in
households where a carer or a carer's parent (e.g. grandparent) was reported to have been forcibly separated from their natural family.
Young adult
households are also at the forefront of the drop in homeownership; the rate
among households headed by those aged 35 or
younger has fallen from 43.1 percent in 2004 to 35.2 percent today, and the rate
among households aged 35 to 44 has fallen 16 percent over the same period.
The apartment industry's hopes for a happy 2015 are pinned on accelerated
household formation, in particular,
among young people moving into their own apartments...
The survey additionally found that a growing number of millennials and
younger boomer buyers have children living at home; student debt is common
among Gen X and boomer
households; more millennials are buying outside the city; and
younger generations are more likely to use a real estate agent.
The decline was concentrated
among younger and older
household heads, and those with lower education and income.
«Apartment rent increases are expected to accelerate from job creation leading to new
household formation, particularly
among the
young adult population who will seek their own housing arrangements — many will be leaving their parents» homes, or choose to live with fewer roommates,» Yun said.
Although
younger households are likely not doubling up with roommates, moving back in with their parents and / or re-entering school to the same extent as they were at the peak of the recession, the slump in homeownership rates
among these cohorts will likely continue over the near term.
The overrepresentations suggest that African - American, urban and
young households are
among the most dependent on Section 8 assistance, as well as
among the most vulnerable — and less funding, if approved, would have considerable impact on them.
A Pew Research Center analysis of Census Bureau and mortgage loan data indicates that the decline in ownership since 2004 has been more pronounced
among households headed by
young adults, blacks and those in the lower income tier.