Tuesday, September 25, 2012

Again, Very Little Sympathy for the Younglings

Record numbers of recent college grads are living at home with mom and dad.
The Class of 2008, born during the historic bull market that closed the past century, reached a dubious distinction last year: More than a million of the college graduates have gone back home.
The number of 26-year-olds living with parents has jumped almost 46 percent since 2007, according to Census Bureau data compiled by the University of Minnesota Population Center. Last year, the number of 18- to 30-year-olds living with their parents grew to 20.7 million, a 3.9 percent gain from 2010.
The figures underscore the difficulty that millions of young people have had in finding jobs and starting careers in the U.S. following the longest recession since the Great Depression. About a quarter of American adults between the ages of 18 and 30 now live with parents, while intergenerational households have reached the highest level in more than 50 years.
The whipper-snappers can't say they weren't warned.  You get the government you deserve and this is what you get for letting your college professors fill your heads with gibberish.

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