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20 million people ages 18 to 34 live at house with their parents
2013 Mar 1, 3:34pm 11,832 views 27 comments
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Tenpoundbass
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2013 Mar 4, 3:10am
That explains why Generation whine has a hard on for Older people.
The guy who makes the rules of the house, is always a DICK.
26 years old with a bachelors in Liberal arts, and can't watch "the onion network" because Dad is watching the The McLaughlin Group, then the Rockford files.
Shaman
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2013 Mar 4, 3:52am
I was thinking of buying my kids a boat and slip with hookups. They could live on board and do charters to pay the slip fee, maintenance, hookups, and maybe even some of their college expenses. Then we could still go fishing now and then. What a life that would be for all of us!
curious2
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2013 Mar 4, 3:56am
Meanwhile, the federal government does everything possible to prop up housing prices above where a free market would clear.
epitaph
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2013 Mar 4, 4:01am
That explains why Generation whine has a hard on for Older people.
My favorite part is that you hear boomers complaining that kids these days have no ambition.
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Seems that living at home under age 30 is up 45% - 65% depending on how you count it.--
20 million people ages 18 to 34 live at home with their parents
The current severe recession has pushed the extended family in the U.S. into a role well appreciated world wide -- an economic safety net.
The recession, loss of jobs and homes, high cost of living and growing debt are forcing adults to turn back to their parents for financial help. These boomerang kids, as sociologists and psychologists call them, are the latest change in the ever-shifting landscape of the American family. Intergenerational households -- parents, their children and sometimes grandparents -- were common in the 19th century. That changed early in the 20th century, when sons and daughters married younger -- sometimes in their teens -- and quickly moved out to create their own households. Then the Great Depression forced families back together. They once again grew apart during various lush economic periods that followed.
According to 2008 Census figures, 20 million people ages 18 to 34 live at home with their parents -- 30 percent of that age group. Researchers for the Network on Transitions to Adulthood, a group financed by the John D. and Catherine T. MacArthur Foundation, found that since the 1970s, the number of twentysomethings living with their parents has increased by 50 percent. Of those who moved out of the house by age 22, 16 percent returned home before they hit 35, the researchers found.
Almost half of June 2008's college graduates had planned to move home after graduation, according to a survey by the employment Web site Monster.com.
David A. Morrison, president and founder of Twentysomething, a consulting firm that researches young adults, said the last time he noticed this phenomenon was during the recession that hit the country around 2001. But the severity of this economic downturn has forced children of all age groups, single or married, back home, he said. The dynamic is different.