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