It isn’t just the kids with no jobs moving back in with the parents. One measure of the financial health of people is seeing whether they can afford to live independently. A lot has been written about Millennials moving back with their parents, but it isn’t just them and it isn’t just now. For the last three decades, the trend is for people of all ages to move back home. The percentage is higher for young people, but the trend persists through all age groups. Key macro-economic statistics can avoid such straightforward measures because it takes a long time for the trend to develop, and if pervasive enough, is taken for granted.Whatever the cause, the ‘rugged individualism’ of Americans is becoming more collaborative and mutually supportive.
(Click on the graph for the link.)