Sunday, October 6, 2013

Because of Student Loans, Boomers Buy More Cars Than Kids



 
NEW YORK (MainStreet) — A study released today by the Federal Reserve Bank of New York yields new analysis on auto loans and how student loans may interact with them.
The Bureau of Economic Analysis data indicates that consumer vehicle sales - chiefly two- and four-door cars plus some SUVs, which fell sharply during the Great Recession to levels that had not been seen since the early 1980s - have made a V-shape recovery.