St. Louis Fed | St. Louis Public Radio

St. Louis Fed

(Federal Reserve Bank of St. Louis)

Home ownership rates across the country continue to decline and an economist at the St. Louis Federal Reserve says there are two potential factors at play. Bill Emmons points to a potential new-normal scenario and the possibility that housing ownership remains in downward cycle that has lasted for roughly two-decades.

GotCredit | Flickr | http://bit.ly/1TPsTLr

The Federal Reserve Bank of St. Louis just released a report about various kinds of debt and how it is impacting different populations in St. Louis, Memphis, Little Rock and Louisville. Spoiler alert: yes, student loan debt is still crippling the younger generation…as are car loans.

As the report points out, the delinquency rate for young borrowers has increased since before the recession. Such delinquency rates can mean a host of problems in accessing credit and the ability to save as young Americans start their adult lives.

The Federal Reserve Bank of St. Louis at Locust St. and N. Broadway, circa 1924-1925 just after the building went up.
Courtesy of the St. Louis Fed

The Federal Reserve Bank of St. Louis celebrates its centennial anniversary this year.

St. Louis was one of 12 Reserve Banks that opened for business on November 16, 1914. They were all part of the Federal Reserve System created when President Woodrow Wilson signed the Federal Reserve Act into law in December 1913.