Housing Boom Leads to Schooling Bust

Education is often prescribed as the antidote for a host of job issues: low wages, unemployment, and career stagnation. So it’s no surprise that when the housing market burst and the economy started to fall apart, more Americans turned to college to help them weather the storm. That’s not just a broad trend. There's actually a correlation specifically between the performance of the housing market and college attendance for some groups. Why is that?