Scratch one more bullish thesis for the housing recovery, and the economic recovery in general.
Over the past several years, optimists had often cited household formation as a key component of pent up demand for home purchases. So much for that.
Recall that last August, the WSJ noted that in a report on the status of families, "the Census Bureau said 13.6% of Americans ages 25 to 34 were living with their parents in 2012, up slightly from 13.4% in 2011.Though the trend began before the recession, it accelerated sharply during the downturn. In the early 2000s, about 10% of people in this age group lived at home." It concluded, quite logically, that "the share of young adults living with their parents edged up last year despite improvements in the economy—a sign that the effects of the recession are lingering."
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3 comments:
Not so much "The True State of the Economy" but more something along the lines of "The True State of the US Public Education System." Jobs in the STEM fields (science, technology, engineering and mathematics) are out there needing to be filled. U.S. corporations have complained for years that they can’t find enough qualified workers to fill these jobs. This has lead to Congress considering legislation that would allow high-skilled foreign workers and students to work in the United States instead of taking their skills back to their homelands.
So liberal parents keep your heads shoved up your butts and continue to push for sex ed and all the other crap taught in public schools. They wanted it and now we have nothing to show but a generation of ignoramus' who are only fooling themselves thinking they are "educated."
School vouchers is the start of a fix to the useless education system...
In this economy it's the best place to be.
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