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