52% of young adults in the US are living with their parents. That’s the highest share since the Great Depression
Great, we’re back to this. This trend really took off during The Great Recession.
Who can blame these young people? They (and their parents too) live in an economy driven by debt. School, credit cards, cars, the debt specter looms over everything and everybody.
Our economic policy encourages this servitude. Covid just pushed things over the edge.
(From CNN)
The number of American young adults living with their parents is at or near an all-time high, and the coronavirus pandemic is likely the reason, according to a new analysis.
A new report by the Pew Research Center found that a majority of young adults — 52% — lived with one or both of their parents in July.
This article was originally posted here: https://www.ac2news.com/2020/09/52-of-young-adults-in-the-us-are-living-with-their-parents-thats-the-highest-share-since-the-great-depression/.
