Source: Wall St. Journal
Young Americans are living with their parents in greater numbers, but don’t blame the economy or housing costs. Blame student loans. The proportion of young adults aged 18 to 31 living with parents has hit 36% from 31% in 2005, and indebtedness—especially rising student debt—explains roughly 30% of this increase, according to a new study by Lisa Dettling and Joanne Hsu at the Federal Reserve Board.
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