Adult kids living at home on the rise?
kids find there's no place like home when their finances are in a tailspin or
their relationships in shambles.
The number of young adults ages 20 to 34 who lived with
their parents jumped from 17% in 1980 to 24% in 2007-09 — the Great
Recession— according to a detailed analysis out today.
The rise was sharpest among those under 25 — a new high of
43% vs. 32% in 1980 — but it increased largely across the board. Even among 30-
to 34-year-olds, nearly one in 10 lived with parents.
"This 'Great Recession' has had tremendous effects that
previous smaller recessions did not," says Zhenchao Qian, a sociology professor
at Ohio
State University and the author of the report for the US2010 Project, which
studies trends in American society. "The surprise mostly is that it's increasing
for every group."
Read More: http://www.usatoday.com/news/nation/story/2012-08-...
- Transquesta 2012/08/01 20:08:25
+1This is sort of the norm for tough times in America. We regroup along family lines. In *general* it's a good thing. It gets people thinking about what's really important in their lives. Having family be split up all across the country may be an indication of a healthy and growing economy, but it's not particularly good for our moral or psychological health. That's why these boom/bust periods are cyclic.reply - Juan O'Mara 2012/08/01 20:07:32+1this sounds about right and most of them just sit here and "twoll" the interwebz all day.reply
