More graduates living at home
Good day everyone! I'm Jeff N Marquis co-author of Untapped Wealth Discovered.
I recently came across an interesting little news clip that caught my eye. With college and university students returning to classes this month I thought that you might be interested in this little item.
In a recent survey CNN news reported that at the present time 44% of American graduates are still living at home and 48% of this past year's graduates moved back home. It used to be in past years that upon graduation many youngsters could not wait to move out on their own. However, this trend seems to have disappeared and now we are finding that more and more adult children are living at home. The experts are saying that there are many reasons for this and here are some of them:
Adult children are finding it more difficult to afford the expenses of living on their own. More and more parents and children are sharing the mortgage expenses. More and more adult children are either getting married later on or are choosing to get into living relationships later on. That is, the average age for marriages has been rising over the years. In many cases families are finding it more economic and secure to share their homes hence the reason for parents and adult children to be living under the same roof. In other cases, we are also seeing a rise in married children living with either single or both parents so as to help take care of elderly parents.
This trend could have some very interesting impacts on our housing markets in the not too distant future. We may see a steady rise in the building and sale of larger homes, a fall in the building and sale of smaller homes, and a restructuring of mortgage payments on the part of lending institutions. This growing trend would probably also impact the types of furniture being sought as the needs of larger homes are quite different to the smaller home. It could also impact the way we feel about senior homes and more as more adult children may be choosing to take care of their aging parents for as long as they could thus making it less of a demand for senior home services.
Enjoy the rest of your weekend.
I recently came across an interesting little news clip that caught my eye. With college and university students returning to classes this month I thought that you might be interested in this little item.
In a recent survey CNN news reported that at the present time 44% of American graduates are still living at home and 48% of this past year's graduates moved back home. It used to be in past years that upon graduation many youngsters could not wait to move out on their own. However, this trend seems to have disappeared and now we are finding that more and more adult children are living at home. The experts are saying that there are many reasons for this and here are some of them:
Adult children are finding it more difficult to afford the expenses of living on their own. More and more parents and children are sharing the mortgage expenses. More and more adult children are either getting married later on or are choosing to get into living relationships later on. That is, the average age for marriages has been rising over the years. In many cases families are finding it more economic and secure to share their homes hence the reason for parents and adult children to be living under the same roof. In other cases, we are also seeing a rise in married children living with either single or both parents so as to help take care of elderly parents.
This trend could have some very interesting impacts on our housing markets in the not too distant future. We may see a steady rise in the building and sale of larger homes, a fall in the building and sale of smaller homes, and a restructuring of mortgage payments on the part of lending institutions. This growing trend would probably also impact the types of furniture being sought as the needs of larger homes are quite different to the smaller home. It could also impact the way we feel about senior homes and more as more adult children may be choosing to take care of their aging parents for as long as they could thus making it less of a demand for senior home services.
Enjoy the rest of your weekend.
posted by Editor at
7:28 PM
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