Obamanomics in Action… More Young Adults Live at Home Than in 2009

Dopes, you voted for this.
Barack Obama easily won the youth vote in 2012, 67% to 30% .
obama youth league

Today youth unemployment rate is twice the national average. Only half of young black men have jobs in the Obama economy.

And now this…
More young adults live at home today than at the end of the Great Recession in 2009.
The Daily Mail reported:

One in three young adults is still living at home with their parents, despite years of economic recovery which have seen more of them bag jobs and bigger pay packets.

Some 20.4million adults aged 18-34 are staying with parents or other relatives – a new high which has kept rising despite young people being richer than they have in years.

The figures, based on U.S. Census Bureau data, show that having more money hasn’t made so-called Millenials more likely to set up their own household.

Even though the number of people in the 18-34 age bracket has gone up by around 3million since recession started to bite in 2007, half a million fewer of them are now living independently.

In 2010, the U.S. economy’s lowest ebb, 69 per cent of young adults lived apart from their families, but five years on the proportion has fallen to 67 per cent – leaving a full third still in the family nest.

youths employment
Failure to launch: The research showed that a third of young adults now don’t live independently of their family – a figure which has stubbornly increased even as young people become richer. (Daily Mail)

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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Thanks for sharing!