""This generation of young adults has sometimes been labeled the “boomerang generation” for its proclivity to move out of the family home for a time and then boomerang right back. The Great Recession seems to have accelerated this tendency. The Pew Research survey found that among all adults ages 18 to 34, 24% moved back in with their parents in recent years after living on their own because of economic conditions."" (Pew Research)
Source: The Economix |
78%: Percent of 25-34 year olds who have lived with their parents and are satisfied with the arrangement.
This puts our recovery in between a rock and a hard place. If a good portion of these young adults were to leave home and form their own households it would create demand for lots of goods and services. That would be good for the economy. But, presumably, they are not leaving
Leave home and the economy will get better faster. Can't leave home because the economy is not producing jobs in the quantity and quality needed.
Rock meet Hard Place....
No comments:
Post a Comment