Boomerang Millennials Get Cozy at Home

WSJ.com – For many in the boomerang generation – the young adults who moved in with their parents after the recession hit, a job and a paycheck have not proved reason enough to fly the coop. A new report from Pew Research Center shows that a higher percentage of millennials, a group defined by Pew as adults born 1981 or later, is living with parents than in 2010, despite the ongoing recovery. Jed Kolko, an independent housing economist, suggested two headwinds were keeping young workers from living independently: declining marriage rates (married couples tend to form their own households) and rising rental costs, which have outpaced wage gains in many parts of the country. Read more.

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