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Big jump in number of millennials living with parents reported
2014 Jul 18, 12:54am 3,059 views 15 comments
by zzyzzx follow (9)
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number of millennials who live with their parents is rising sharply
That's because the economy keeps improving and the kids coming out of college are so educated (cough, gasp).
Tenpoundbass
2014 Jul 18, 7:26am
I bet the only Menials that will be voting will be the ones pissed off about living at home. zzyzzx says
That’s up from 18.7% in 2007, just prior to the global financial crisis, and from 11% in 1980.
Yup living at home, wasn't good on the Social or Sex life in the 80's.
Dan8267
2014 Jul 18, 7:41am
The CRA, its Countrywide cousins and Bill Clinton created a bubble that made the poor poorer, the middle class poor and sped the outsourcing due to misconception that all one had to do was buy a house, not invest in education.
The Malivestment of the housing funny monies is going to haunt for decades.
Bill Clinton is a slick sophisticated dude!
The CRA
Oh great, another one of those people who are clueless like 49th Parallel about the CRA. Start here and learn something:
HydroCabron
2014 Jul 18, 8:22am
The CRA, its Countrywide cousins and Bill Clinton created a bubble that made the poor poorer, the middle class poor and sped the outsourcing due to misconception that all one had to do was buy a house, not invest in education.
What about public employee unions? Aren't they destroying America?
And aren't immigrant children bringing disease?
Ceffer
2014 Jul 18, 8:41am
I thought the new term for them is no longer "millenials" but "sconers".
Dan8267
2014 Jul 18, 9:03am
The Millennials need to be renamed the Boomerangs.
Fitting as they come back home to their Boomer parents.
Heraclitusstudent
2014 Jul 18, 9:06am
People who expect their unit prices to appreciate by 6% a yr should be happy with the side effect.
http://www.latimes.com/business/la-fi-more-millennials-moving-home-20140717-story.html
More Americans than ever live in multigenerational households, and the number of millennials who live with their parents is rising sharply, according to a study released Thursday.
A record 57 million Americans, or 18.1% of the population, lived in multigenerational arrangements in 2012, according to the Pew Research Center. That's more than double the 28 million people who lived in such households in 1980, the center said.
A multigenerational family is defined as one with two or more generations of adults living together.
The sluggish job market and other factors have propelled the rise in millennials living in their childhood bedrooms.
About 23.6% of people age 25 to 34 live with their parents, grandparents or both, according to Pew. That’s up from 18.7% in 2007, just prior to the global financial crisis, and from 11% in 1980.
For the first time, a larger share of young people live in multigenerational arrangements than of Americans 85 and older.
Historically, large numbers of the elderly live with and are cared for by their own children. The share of people in the older age group living in multigenerational households rose between 2000 and 2012 to 22.7%, but the percentage of millennials living with their parents jumped even more.
The number of multigenerational families soared during the recession. It has continued to rise since then, although at a slower pace.