Millennials may never get out of their parents’ homes
You can’t blame the economy — not anymore. Young adults continue to move back home with their parents, even though the United States has enjoyed seven straight years of economic growth, pushing the unemployment rate below 5 percent.
This was supposed to be a temporary phenomenon, a short-term rush for shelter set off by the financial crisis of 2007-2009. But it just keeps going. Every year, more and more 25-to-34-year-olds turn up in their parents’ houses, right through to 2016.
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