Record 21 Million ‘Young Adults’ Now Live With Their Parents
by Tyler Durden
ZeroHedge.com
08/02/2013
Just about a year ago we questioned the “demographic demand” thesis for why the US housing ‘recovery’ would become self-sustaining and lead to yet another fiscal and monetary ‘nirvana’. However, while the ‘household formation’ meme remains front-and-center among bloviating Fed apologists; the sad facts are that not only is household formation actually still falling but, as a recent Pew Research study finds, a record 21 million young adults are now living at home with their parents.
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