Here’s a statistic with major ramifications for our real estate market. It comes from economist Elliot Eisenberg of GraphsandLaughs LLC, whose “Brief Blog” I receive daily. A recent email read as follows:
“In 2015, the percentage of those 18 to 34 living with their parents was 39.5%, the highest level since 1940 when it was 40.9%. Of course, 1940 was one year removed from the end of the Depression. The rate then fell to an all-time low of 24.1% in 1960 and has slowly risen since with a recent big run-up.”
You can subscribe to Dr. Eisenberg’s daily blog posts at his website, www.econ70.com.
Published Jan. 12, 2016, in the YourHub section of the Denver Post and in four Jefferson County weekly newspapers.