In 2019, an article on bloomberg.com noted, With nearly one-fifth of the U.S. population holding student loansnearly

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In 2019, an article on bloomberg.com noted, “With nearly one-fifth of the U.S. population holding student loans—nearly double the 2004 level—the share of Americans with housing debt has fallen to just over a quarter from 33% in 2004.”

a. What is “housing debt”?

b. What is the economic relationship between the two trends this article is highlighting? Briefly explain.

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Oct 13, 2023 02:16 AM

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In 2019, an article on bloomberg.com noted, With nearly one-fifth of the U.S. population holding student loansnearly

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a Housing debt refers to the financial obligation or liabilities associated with homeownership It ty...View the full answer

Economics

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