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Boomerang Students Return Home

Mike Shedlock | Oct 29, 2012
Mike Shedlock
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According to a study by the U.S. Census Bureau Multigenerational households on rise in U.S.

More than 4.3 million, or 5.6 percent, of the 76 million family households in the U.S. today are multigenerational households, or families living together that include a grandparent, parent and children as well as other family members, according to a study by the U.S. Census Bureau's American Community Survey.

Multigenerational Families

  • 3.7% in 2000
  • 4.0% in 2010
  • 5.6% in 2012

There was only a gain of .3% in the 10 years between 2000 and 2010, but a gain of 1.6% in the next two years.

That small 1.6% increase represents a decrease in demand of 1.216 million homes.

However, those survey results are for three generations and thus do not include all the kids graduating from college, with no job, and moving back home.

Boomerang Students Return Home

Boomerang kids with no jobs returning home has an even greater impact on housing demand. CNN Living discusses the "boomerang" effect in College grads and their families learn to live together.
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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.
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