‘Boomerang’ states: 25-year-olds in mom’s basement

Who knew the “boomerang” problem was booming this much?  Citing a study by the Fed of New York, the Daily Mail reports that there are 12 states now where 50% or more of 25-year-olds live at home, basically due to inability to support themselves independently.

The study demonstrates a strong correlation between student debt and “co-residence” for 25-year-olds.  But looking at the map, I can’t help noticing that cost of living in the state seems to have some explanatory value as well.  I think we have to suspect also that finding a full-time job is a related factor whose impact is different across the states.

Co res map 1

As with so many things economic, the change from 10 years ago is dramatic.

Co res map 2

 

J.E. Dyer

J.E. Dyer

J.E. Dyer is a retired Naval Intelligence officer who lives in Southern California, blogging as The Optimistic Conservative for domestic tranquility and world peace. Her articles have appeared at Hot Air, Commentary’s Contentions, Patheos, The Daily Caller, The Jewish Press, and The Weekly Standard.


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