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% .
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.
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)