More Adults Staying with Parents
Economix's Catherine Rampell passes along worrying graphics from Moody's Analytics' Mark Zandi. The number of adults doubled up with relatives, especially children with parents, has gone steadily up over the past two decades:
A big part of the story is adults who can't find jobs staying with their parents:
Rampell notes that this is a trend that has already started to reverse itself over the past few months as the housing market has picked up. Nevertheless, she writes, "Demographics suggest that there should be about 1.1 million more households headed by younger Americans today than there actually are."