Study: More Young Adults Living With Parents
Perhaps there is a reason Democrats wanted to keep kids on their parents’ health care plans until they were 26 years of age.
According to a newly-released study by the US2010 group titled, “During the Great Recession, More Young Adults Lived with Parents,” Obama’s economy has accelerated the number of young people who have been forced to move back home with their parents.
According to the report, the number of young adults between the ages of 20 and 34 who lived with their parents jumped from 17 percent in 1980 to 24 percent during the “Great Recession.”
For those under 25, that number jumped from 32 percent in 1980 to 43 percent now.
“The recession hit young adults the hardest because they were often ‘last hired, first fired,’” sociology professor Zhenchao Qian, author of the report, said.
According to CBSNewYork, young adults living in high-cost metropolitan areas, which are mostly liberal enclaves, are impacted the most by Obama’s poor economy because they cannot keep up with the high cost of living in big cities.
The study found that thirty percent of those between the ages of 25 and 29 in the New York region lived with their parents.