Has your kid moved back in with you? You're not alone.
The proportion of 18 to 34-year-olds living with their parents has steadily risen since the recession hit in 2007, according to Fortune magazine. Is the trend about to change?
The proportion of 18 to 34-year-olds living with their parents has steadily risen since the recession hit in 2007, according to Fortune magazine. Is the trend about to change?
By Joshua M. Brown, Contributor
You probably know a kid or two in their twenties or early thirties still living at home with the folks. You might even be one. This has become way too common in the last five years.
According to Fortune, it's an epidemic: "The share of 18 to 34-year-olds living with their parents rose from about 27.6% before the Great Recession in 2007 to above 31%, where it remains today, according to an analysis by聽Trulia."
But there may be some good news on the way 鈥� according to Bank of America Merrill Lynch economists, a change in trend may be underway ...