The Census Bureau reported that latest figures show 31 percent of Millennials live at home with their parents vs 27 percent who live with their spouse. The Millennials are those folks between 18 and 34 years of age.
I think these numbers are incredible. Why can’t these Millennials cut the umbilical cord?
In addition, the numbers break down as follows 35 percent of the men are still with their parents vs 29 percent of the women.
I believe the fact that they grew up in an atmosphere where they got a trophy for being on the team, not winning, damaged them seriously.
It is a fact that these kids are burdened with $1.3 trillion in student debt. Also, the Obamacare law permits them to remain on their parents’ insurance till age 25.
Student debt is no small consideration. The $1.3 trillion exceeds the amount of car loans or mortgage loans out there.
What do you think?
PS I actually posted this in my other blog @ willingwheeling.wordpress.com, but was not able to reblog it here.