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MSN News
Trend of
millennials living with parents is growing, not slowing
Bloomberg
Steve Matthews
One lasting scar from the deepest recession since the 1930s is the
phenomenon of young adults, facing their own financial challenges,
squeezing into the homes of their parents. And new data show the trend
is getting worse, not better.
In 2015, 15.1 percent of 25-to-34-year-olds were living with
their parents, a fourth straight annual increase, according to an
analysis of new Census Bureau data by the Population Reference Bureau
in Washington, D.C. The proportion is the highest since at least 1960,
according to demographer Mark Mather, associate vice president with PRB.
"It takes young people longer these days to find jobs with decent
wages," Mather said. "Young adults need to spend more time getting the
necessary education and skills before they can become self-sufficient.
The recession likely exacerbated this trend...
See the video and read the rest of the story at MSN Money
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