Amazing Economic (non)Recovery: A Third Of America's 18 To 34 Years-Olds Live With Their Parents

It's bad enough when 27% of young americans are living at home during a booming economy.
But since 2006 there's been a straight trajectory to 32% as the current generation of your worthless iPhone-sucking college dropouts come back home to veg out in your basement on video games and porn.
And thats why you'll be working until you're 70.
Such is life and times in the US of A today.
And no - this is not bullish for the housing market - because your kids are simply going to continue living in your house after you kick off.
------------------------------------------------ http://www.businessinsider.com/18-34-years-olds-living-with-parents-2014-6
Increasing numbers of young Americans are heading to college, where they're racking up debt to pay for rapidly increasing tuition costs.
Those graduating are being confronted by a challenging job market, which eventually leads many to just drop out of the labor force altogether.
This in turn has led to an increasing delinquency rate for student-loan borrowers.
So it's no surprise that young people are increasingly opting, perhaps out of necessity, to live at home with their parents.
In his latest monthly chart book, Deutsche Bank's Torsten Slok tracks the rise of 18- to 34-years-olds currently in this position.
And there are a lot.
Slok sees this as a bullish force to come in the housing market, characterized by a homeownership rate at a 19-year low.
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On 06/02/2014 09:19 PM, HomeGuy wrote:

Well duh! I would expect to see a lot of college students (18-22 year olds) listed as living at home.
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Alex wrote:

Well duh - would you expect to see a continuous climb in the % of 18-22 year olds living at home since 2009 (the supposed end of the last economic recession) ?
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18-34-years-olds-living-with-parents-2014-6
--
No problem, they are all metrosexual leeches, like most
Candians, staying home with mummy keeps them out of the
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