Tumblr Icon RSS Icon

Number Of Adults Sharing Households Grew By Millions During Recession

By Travis Waldron  

"Number Of Adults Sharing Households Grew By Millions During Recession"

Share:

google plus icon

The number of American adults sharing households grew by 11.4 percent during the Great Recession, with the growth driven largely by young adults moving back in with their parents, according to Census Bureau data reported by the Washington Post. 22 million households — 18.7 percent — were shared by adults in 2010, up from 17 percent in 2007. The number of adult children who lived in their parents’ homes grew by 1.2 million to 15.8 million total, and adults between the ages of 25 and 34 accounted for two-thirds of the growth in shared households. Sharing households allowed millions to avoid poverty during the recession, but there are now two million fewer occupied homes than there would be had Americans continued forming households as they did before the recession, economists estimate.

‹ As UK Goes Through Austerity, The Queen Gets A Twenty Percent Raise

Happening Right Now: GOP Congressmen Meeting With Anti-Tax Pledge Author Grover Norquist ›

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.