At a time when the still sluggish economy has sent a flood of jobless young adults back home, older people are quietly moving in with their parents at twice the rate of their younger counterparts.You can't go home again-unless you have to?
For seven years through 2012, the number of Californians aged 50 to 64 who live in their parents' homes swelled 67.6% to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development.
The jump is almost exclusively the result of financial hardship caused by the recession rather than for other reasons, such as the need to care for aging parents, said Steven P. Wallace, a UCLA professor of public health who crunched the data.
"The numbers are pretty amazing," Wallace said. "It's an age group that you normally think of as pretty financially stable. They're mid-career. They may be thinking ahead toward retirement. They've got a nest egg going. And then all of a sudden you see this huge push back into their parents' homes."
Monday, April 21, 2014
They're the live-in generation:
Senator Rock? It's no laughing matter: While Ritchie tweeted that his Senate run would definitely happen, many still have doubts. Ritchi...
The regulators are still at it: Using the "altFEC" twitter account, one of several "alt" sites set up by government work...
Were they the ancestors of piano players? The brain circuits that led to two-sided tools and weapons such as hand-axes and cleavers are the ...
They really are after everyone's job: The study found that 42 percent of UK consumers believe their job is likely to be replaced by a ro...