Echo Boomers, also called Millennials, constitute one of the largest generations in American history.

FORBES: Will Student Loans Delay A Major Housing Recovery?

Estimates show that 80 million Echo Boomers live in the United States (depending on when their birth dates are measured).

FORBES: Will Student Loans Delay A Major Housing Recovery?

He provides an astute observation: the major expense for some Echo Boomers at this time is paying on their student loans.

FORBES: Will Student Loans Delay A Major Housing Recovery?

The Echo Boomers or Millennials are people born between 1982 and 1995.

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As shown in the housing data on Echo Boomers, living with relatives is fairly common and with a group facing unemployment and underemployment, relatives offer a temporary financial solution.

FORBES: Will Student Loans Delay A Major Housing Recovery?

In other words, Echo Boomers believe in higher education.

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The Gen Y population, or echo boomers (born 1986-2005), the largest pool of renters, is now in their prime rental years but many have found themselves jobless with no way to pay the rent.

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Regardless, the housing market looks better than it did several years ago and if we see a financial recovery among Echo Boomers, housing demand should begin to rise if they stick to their goals of owning homes.

FORBES: Will Student Loans Delay A Major Housing Recovery?