Growing debt could prevent students from becoming homeowners

The increasing levels of student debt can be one more hurdle for graduates aspiring to secure their first home. At present, the average first-time buyer has to wait until they reach 37 years old in order to get onto the property ladder.

However, the problem could be aggravated as the levels of student debt set to rise.Expe rts say that the need to repay student debt could seriously reduce the amounts graduates can borrow.
 


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The cultural transformations that have made people accept life in debt have had a direct impact on the approach youngsters take to money matters, which could lead to negative consequences in the long run as many of the next generation would resort to IVAs to cope with serious financial issues.

When we put efforts into our work and get paid for this, we get an amazing feeling of satisfaction. Our hard hard work seems to have been remunerated financially. We go shopping and buy the items we need and the items we simply want.