08 May '11, 2am

More "Kids" Moving Back In With Mom And Dad:

More "Kids" Moving Back In With Mom And Dad:

Weak job market, record unemployment, stagnant wages and a housing crisis have together created a perfect storm that has caused many to do the unthinkable -- move back in with the parents. For the first time in fifty years, the size of people in each household is beginning to rise. Via USA Today: Average household size is inching up in Florida (2.48 persons per household vs. 2.46 in 2000) and has stopped declining in Tennessee (2.48), according to the first wave of detailed data on 12 states and the District of Columbia . The change was most dramatic for renters: The average household size in rentals rose or stayed flat in 11 of the states from 2000 to 2010. The biggest increases are in Florida and Tennessee. Just as growing affluence let many Americans live with fewer people, the recession, high unemployment and the housing bust now are forcing some people to double up. I...

Full article: http://www.care2.com/causes/politics/blog/more-kids-movin...

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