52% of 18- to 29-year-olds live with their Parents, the Highest Percentage in 120 Years.

Source: http://www.mybudget360.com/millennials-and-gen-z-forced-back-home-52-of-18-to-29-year-olds-live-at-home-with-their-parents-the-highest-percentage-dating-back-120-years/
Published: Feb 5, 2021
Author: Horse
Post Date: 2021-02-05 22:02:29 by Horse
Views: 532

Younger Americans face a daunting jobs market. Covid-19 has crushed the employment market especially with entry level positions and internships which are typically used as platforms into full-time career opportunities. The Class of 2020 has graduated into the worst economy in modern history. While some sectors in the economy are hiring, these jobs are a small portion of the overall economy that needs to provide opportunities to millions of recent graduates and those without college degrees. So it comes as no surprise that a record number of young Americans are now living at home. In fact, in 120 years of record keeping, we are now at the highest percentage on record – 52% of those 18- to 29-years-old are now living with their parents. That is a stunning number and has implications for the next decade of our economic growth.

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#1: ghostdogtxn    To: Horse (#0)

ghostdogtxn posted on 2021-02-06 00:00:32   Reply   Private Reply

#2: Ira Freeman    To: Horse (#0)

I couldn’t wait to leave home at 16, which I did, then immediately starved! Good times!!!

Ira Freeman posted on 2021-02-06 12:02:04   Reply   Private Reply

#3: StraitGate    To: Ira Freeman (#2)

Yep. Most normal young men naturally want to get away from their mother at 16-18 years of age. It's normal, I think. I loved my mom until the day she died. She was a good mother and a teacher, and I learned much from her. But after I was about 16 I sure needed her less and less.

StraitGate posted on 2021-02-06 18:49:26   Reply   Private Reply