About 23.6% of people age 25 to 34 live with their parents, grandparents or both, according to Pew. That’s up from 18.7% in 2007, just prior to the global financial crisis, and from 11% in 1980.
Perhaps a huge chunk of that demographic is suffering from the hard lessons of voting against their own economic interests. It was nice to cast a ballot for the first “black” president, but reelecting Barry only insured further decline of economic opportunities throughout the nation. Now millennials can experience equality from the trickle-up poverty policies that Democrats have instituted.
The number of multigenerational families soared during the recession. It has continued to rise since then, although at a slower pace.
The LA Times won’t shed any light on the origin of the trend or explain its persistence. The discerning reader will pinpoint the myriad of liberal pathogens i.e. onerous regulations, crippling taxes, monetary policy, etc. that stymie growth. The lefties will simply blame Bush.