Thursday, March 15, 2012

Gen Y moving back with their parents

Three out of ten adults, ages 25 to 34, are living with their folks and of those 78 percent said they’re happy with it, according to a Pew Research survey released Thursday and titled “The Boomerang Generation: Feeling OK about Living with Mom and Dad.”

Even more surprising is that 77 percent of those still under their parent’s roof have high hopes for their economic futures.

The Pew survey is based on telephone interviews with about 2,000 young adults around the country in December.

It’s becoming like an episode of “All in the Family” out there.

“The share of Americans living in multi-generational family households is the highest it has been since the 1950s, having increased significantly in the past five years,” according to additional Pew research that looked at U.S. Census data, and the 24 to 35 crowd are among the most likely to be living in such arrangements. More...

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