8/3/2015 – Sorry, mom and dad: Millennials still moving in (USA Today)

Aug 04, 2015 Comments Off by

Despite continued signs of economic recovery, a growing number of Millennials are moving back in with Mom and Dad.

The percentage of Millennials living with their parents increased from 24% in 2010 to 26% in the first third of 2015, according to a Pew Research Center report, which is based on Census data. The study, which was released last week, compared figures to 2010 because it was the beginning of the economic recovery and one of the worst years for the labor market, said Richard Fry, senior economist at Pew.

This is despite a lower unemployment rate. In 2010, that rate was 12.4%; it has fallen to 7.7% so far in 2015, according to Pew.

Read the full article in USA Today.

Financial Landing 2015

About the author

The author didnt add any Information to his profile yet