Jan
05

Parental Palace

parental-palaceIn 2015, the percentage of those 18 to 34 living with their parents was 39.5%, the highest level since 1940 when it was 40.9%. Of course, 1940 was one year removed from the end of the Depression. The rate then fell to an all-time low of 24.1% in 1960 and has slowly risen since with a recent big run-up. The rise is probably due to rising rents and limited credit.

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  1. Robert Swanick says:

    I think it is more likely limited income in a stalled economy where jobs are widely available but unlikely to be filled by those dwelling in their parent’s basement due to a mismatch in skills needed to perform those jobs.
    Our education systems are not generating workers with the right skills to compete for these jobs.

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