It's bad enough when 27% of young americans are living at home during a
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.
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
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.