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| Source: FRB of New York |
The FRB came out with a
report today confirming speculations long
circulated by the media, "today’s young people are more likely to live
in parental
households long into their twenties than were young people one or two
decades ago." The trend is widespread and a reflection of three distinct
trends including rising youth employment, escalating housing prices,
and increasing student debt. The group plans on continuing this research
in the future. To read more click
here.
