Thursday, November 15, 2012
There are about 17.2 million adult children living in their parents’ homes in 2012, compared with around 15.3 million in 2007, the year the recession began
The numbers show that the greatest increases are accounted for by unemployed adult children who have moved in with parents. In 2007, 1.3 million unemployed adult children were living in their parents’ homes. In 2012, the total is about 2.5 million. Meanwhile, the employment situation for recent graduates remains grim — the unemployment rate for 20- to 24-year-olds was 13.2% in October 2012 (double the unemployment rate for workers aged 25 and older) according to the Labor Department.