Thursday, June 21, 2012
More families doubling up
You know I love this since we are a two-generational house.
According to Michael A Fletcher, WashPost, June 20, 2012, the Census Bureau reports that the number of adults sharing with family members or others jumped 11.4% between 2007 and 2010.
That comes to 18.7% of all households.
Young adults were most likely to be in a group situation.
This means a slowdown in household formation—which means fewer trips to Home Depot, which is not helping the economy.
But saving money is helping people.
The poverty rate for shared households is lower than for others. The adults had high poverty rates individually, but grouping together helped.
This is the way it is in many countries. Now we are edging toward being one of them.