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Outbreaks of the coronavirus have pushed millions of Americans, especially young people, to live with family members. The proportion of 18- to 29-year-olds living with their parents has become a large part since coronavirus infections in the United States started spreading earlier this year, surpassing earlier highs during the Great Era. Depression. Pew pew pandafaska vintage retro shirt

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In July, 52% of young people lived with one or both of their parents, up from 47% in February, according to new Pew Research Center analysis of Census Bureau monthly data. The number of people living with parents rose to 26.6 million, up 2.6 million from February. The number and proportion of young people living with their parents increased broadly for all major racial and ethnic groups, men and women, urban and rural residents, as well as across all four regions. main census area. The growth was most pronounced for the youngest adults (18 to 24 years old) and young Caucasians.
The percentage of young people living with parents is higher than any previous measurement (based on current surveys and annual census). Before 2020, the highest measured value was in the 1940 census at the end of the Great Depression, when 48% of young people lived with their parents. The peak could be higher during the worst of the Great Depression in the 1930s, but no data are available for that period.
The proportion of young people living with their parents has increased to levels not seen since the Great Depression
The proportion of young people living with parents decreased in the 1950s and 1960s before rising again. The current Census monthly rate has been above 50% since April of this year, reaching and maintaining this level for the first time since CPS data on youth placement became available in 1976. .
According to a Pew Research Center survey, young people have been particularly hard hit by this year’s pandemic and recession, and tend to move more than other age groups. About 1 in 10 youth (9%) said they had moved either temporarily or permanently due to an outbreak of coronavirus, and a similar proportion (10%) had someone moved in their home. Of all adults who moved in due to the pandemic, 23% said the most important reason was because their university campus was closed, and 18% said it was due to job loss or other reasons. due to other finance.

These new life arrangements can have an impact not only on young people and their families, but also on the US economy as a whole, reflecting the importance of the housing market to economic growth. health in general. Even before the outbreak, the rise of new households led to an increase in population, in part because people have moved in with others. Slower household growth may mean less demand for housing and appliances. There may also be a decrease in the number of tenants and landlords, as well as overall housing activity. From February to July 2020, the number of households headed by young people aged 18 to 29 has decreased by 1.9 million, or 12%. Total from 15.8 million to 13.9 million.

The majority of young people living with their parents – 88% – live in their parents’ home and this group accounts for an increased proportion of the adult population living with parents. Nearly all of the remainder lived in their own home with their parents, or in the homes of other family members. These stocks have been relatively stable over the Pew pew pandafaska vintage retro shirt past decade.

Most of the increase in youth living with parents is among the Pew pew pandafaska vintage retro shirt youngest Youngest
adults (18 to 24 years old) account for the majority of the increase in the number of people aged 18 to 29 living with parents. February to July – 2.1 million of the 2.6 million increase was due to them. Most of this youngest age group already lived with their parents, but this rate rose to 71% in July from 63% in February.

This pattern is consistent with job loss since February. The youngest people are more likely to lose their jobs or lose their wages than other age groups. The proportion of young people aged 16 to 24 years who do not go to school or work has more than doubled from February (11%) to June (28%) due to the pandemic and the Pew pew pandafaska vintage retro shirt economic recession as a result.

It is noteworthy that in these Current Census figures, unmarried students living in on-campus college dorms are counted as living in their family homes, so any Any increase in the number of young people living with their parents this year will not be due to a pandemic related to the Pew pew pandafaska vintage retro shirt spring college shutdown.