04/21/2017

A Quarter Of Millennials Who Live At Home Don’t Work — Or Study [Watch]

Polly Mosendz, Bloomberg News

Half are white, and most are men, the Census Bureau reports.

A life of leisure, free of bosses and bills, sure sounds like the dream — and it turns out millions of millennials are living it. But don't congratulate them yet. They're doing it under their parents' roof and not necessarily by choice. 

About a third of 18- to 34-year-olds in the U.S. live at home, the Census Bureau reported on Wednesday. That includes college dormitories. Among 25- to 34-year-olds living at home, one in four is neither enrolled in school nor working. That's 2.2 million people, a small percentage of the nation's more than 70 million millennials but a striking figure nonetheless.

More 18- to-34-year-olds live with a parent than with a spouse, according to the report, The Changing Economics and Demographics of Young Adulthood: 1975–2016 (pdf). That's a major shift from the 1970s, when young people were more than twice as likely to live with a spouse. Young adults today are also likelier to be enrolled in college or graduate school than their counterparts in the '70s. 

Read full article



You May Also Like:

Here’s To Another Year Of American Hilarity George Will, National Review

'Black Friday' Entertainingly Mocks A Confused Federal Reserve John Tamny, RealClearMarkets

ObamaCare’s Death Payments The Wall Street Journal

Michael Flynn Made A Move That Indicates He May Soon Cooperate With The Mueller Probe David Choi, Business Insider

Trumps Spend Thanksgiving Serving Meals To Active Duty Armed Forces Benny Johnson, Daily Caller

Why, Exactly, Are Democrats Opposed To Trump's Tax Reform Bill? Weekly Standard

Fusion GPS Paid Journalists, Court Papers Confirm Todd Shepherd, Washington Examiner

How Free Trade Helps Americans Have Higher Incomes And More Jobs Patrick Tyrrell, Daily Signal

Seattle's Income Tax On 'The Rich' Has Collateral Damage: The Poor Brian T. Hodges, American Thinker

Is Health Care A Human Right? Trevor Burrus, Foundation for Economic Education

I Got Fired For Calling Out Liberal Hypocrisy On Clinton Accusers Larry Elder, RealClearPolitics

NFL Ratings Slide Is Getting Worse, With No End In Sight Warner Todd Huston, Breitbart

Sarah Silverman: I ‘Fell In Love’ With Trump Voters While Traveling Across Country Andrew Mark Miller, American News

The Administrative State Under Siege Francis Menton, Manhattan Contrarian

How Grocery Stores Got Good Steven Horwitz, Reason

For More go to the Home Page >>>

Search

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

In Search Of History

When America Was Truly The Land Of Opportunity

For [early immigrants] America was truly the land of opportunity. For the first time in their lives, many were truly free to pursue their own objectives. That freedom released the human energies which created the United States. There were few government programs to turn to and nobody expected them. But also there were few rules and regulations. There were no licenses, no permits, no red tape to restrict them. They found, in fact, a free market, and most of them thrived on it. 

-- Milton Friedman,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.1%
    FreeMarket Central Shadow Stats: 21.6%
  • Inflation:
    FreeMarket Central October Year-to-Year: 2.23% (CPI-U*)
    FreeMarket Central Shadow Stats: 10.0%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]