Rising tuition costs and student debt are becoming significant factors in the ability of millennials to buy houses. An analysis published by the Federal Reserve Bank of New York last year suggests that student debt was responsible for up to 35 percent of the decline in homeownership among people between the ages of 28 and 30 from 2007 to 2015. (Homeownership for people under 28 tends to be low.). With many young adults leaving college with large bills, even landing good jobs isn’t enough to pay their debt in a timely manner.
Tag: millenials
I’d like a half-caf, decaf, mocha latte, half foam with a dash of cinnamon…
Where did you get coffee on your last business trip? Chances are it was a Starbucks; according to reports based on recent expense account processing. Even though it’s not the most economical place for a java, it is convenient. Surprisingly, the study goes on to say that millennials are spending less on food while traveling, and tend to eat at familiar chain restaurants. Especially ones who offer wi-fi.
Oh, and next time you’re there, ask for a ceramic mug and hang out for a while.
Business Travelers Pick Starbucks on the Go
Please leave your message at the sound of the tone…
When was the last time someone didn’t return you call even though you left a voicemail? Were they under age 35? Apparently that makes a difference and the trend is growing. When you really think about it, voicemails do seem ‘so five minutes ago’ when you could have just texted and saved your breath and mine. 😉