More Young Adults Are Living With Their Parents Than At Any Time Since the Great Depression
WashingtonsBlog.com
May 24, 2016
Worst Economy Since Depression
Pew reports:
More young adults in the U.S. are living with their parents than at any time since around 1940, according to a new Pew Research Center analysis of census data.
Across the European Union’s 28 member nations, nearly half (48.1%) of 18- to 34-year-olds were living with their parents in 2014 ….
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Similar long-term trends have been observed elsewhere. Canada’s most recent census, in 2011, found that 42.3% of adults ages 20 to 29 lived in their parents’ homes, up from 32.1% in 1991 and 26.9% in 1981. In Australia, about 29% of 18- to 34-year-olds were living with one or both of their parents (but without a partner or child) in 2011, up from 21% in 1976. And in Japan, the share of 20- to 34-year-olds living with their parents grew from 29.5% in 1980 to 48.9% in 2012.
There are many other measurements which are the worst since the Great Depression …
For example, we noted in 2009 that more Americans will be unemployed than during the Great Depression.
The Rest…HERE
