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Wednesday, February 4, 2015

FRB of New York Staff Report Confirms More Millennials Staying At Home

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.