When Adult Children Just Won’t Leave

According to CNN Money, the number of adult children who live with their parents, especially young males, has soared since the economy started heading south.

Among males age 25 to 34, 19% live with their parents today, a 5 percentage point increase from 2005, according to Census data released Thursday. Meanwhile, 10% of women in that age group live at home, up from 8% six years ago.

And it may be a while before that changes.

…The unemployment rate among 25 to 34 year olds was 9.4% at the end of June, according to the Bureau of Labor Statistics, 0.3 percentage point higher than the national average. For younger adults, the job hunt has been even harder with 14.9% of those ages 20 to 24 out of work and 22.1% of 18- and 19-year-olds idle.”

Read more about what this means for parents and their adult children on CNN – http://money.cnn.com/2011/11/04/pf/young_adults/index.htm?source=cnn_bin&hpt=hp_bn5

Advertisements

About UWF Center on Aging

The Center on Aging at the University of West Florida was established in the Fall of 2010 when the School of Psychological and Behavioral Sciences faculty along with assistance from Sponsored Research submitted a grant to the State University System Board of Governors in support of aging initiatives for Northwest Florida. Its mission is to improve the quality of life of aging adults through the application of science to address challenges associated with aging and to promote healthy aging, with an emphasis on prevention. This will be accomplished through inter-disciplinary and inter-professional efforts of basic and applied research, consultation, and partnerships with community agencies. Education and training, direct services to the aging population, and public awareness and understanding of the contributions and needs of elders will be primary objectives.
This entry was posted in Aging, Housing, Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s