Calcuated Risk Documents Increase in Adult Children Living With Parents

by Sabrina I. Pacifici on December 10, 2010

Huffington Post: “Empty nest parents, be warned: the number of adults aged 25 to 34 who are living with their parents has exploded, according to this rather shocking chart put together by economist Tom Lawler and posted on Calculated Risk. Earlier this year, a study published in the journal Transitions to Adulthood titled What’s Going on with Young People Today? The Long and Twisting Path to Adulthood concluded that the economic downturn has caused an entire generation to delay adulthood. As ScienceDaily summarized the study: “In 1969, only about 10 percent of men in their early thirties had wages that were below poverty level. By 2004, the share had more than doubled. Overall, the share of young adults in 2005 living in poverty was higher than the national average.”

  • Under 35: Living with Parents vs. Homeownership rate: “This interesting graph is from economist Tom Lawler comparing the percent of 24-34 year olds living at home vs. the under 35 year old homeownership rate…There is a clear inverse relationship, and this suggests some pent up demand for housing units when the employment picture improves (although the demand could be for rental units).”
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