Daily Archives: December 17, 2016

Here’s Evidence That Millennials Are Still Living With Their Parents – Bloomberg

The kids in the basement are staying there.

One lasting scar from the deepest recession since the 1930s is the phenomenon of young adults, facing their own financial challenges, forced to squeeze in the homes of their parents. And new data show the trend is getting worse, not better .

In 2015, 15.1 percent of 25 to 34 year olds were living with their parents, a fourth straight annual increase, according to an analysis of new Census Bureau data by the Population Reference Bureau in Washington. The proportion is the highest since at least 1960, according to demographer Mark Mather, associate vice president with PRB.

via Here’s Evidence That Millennials Are Still Living With Their Parents – Bloomberg