According to new research, over 80% of college graduates are moving back in with their parents after college. This got me to thinking is this due to not having a job or money? or being prudent and living at home to save up money or a combination of both? If it's being prudent I think this can be attributed to the younger generation witnessing first hand the "great recession," which has most certainly had a profound effect.
If you look at our grandparents generation who lived through the Great Depression they saved, didn't really use credit cards and basically lived within their means. Hopefully we are seeing a renewal of these values.
This does pose an interesting question for housing, particularly rental housing in cities where many college graduates congregate. Will this trend create pent up demand? Will it create demand for new types of housing? Only Time will tell.
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