A Record 52% Of Millennials Now Live With Their Parents, Highest Since Great Depression | WHAT REALLY HAPPENED

A Record 52% Of Millennials Now Live With Their Parents, Highest Since Great Depression

Wall Street and the Trump administration have been in no rush to acknowledge the deep economic scarring from the virus-induced downturn that is set to prolong the recovery well into 2021. Readers, by now, understand the probabilities of a "V-shaped" recovery for the real economy for the remainder of 2020 are quickly fading.

Stories of permanent job loss and the collapse of small businesses are gaining traction in the mainstream press in Sept. as the stock market rolls over. Another dose of economic reality could stun Americans as the total number of young adults living at home has just surpassed levels not seen since the 1930s Great Depression.

A new report via Pew Research Center explains a record amount of young folks have moved back home because the virus pandemic has crippled their finances. As of July, 52% of millennials were living at home, up from 47% in Feb. At least 2.6 million youngsters over the Feb. to July period returned home, pushing up the total to 26.2 million.

Webmaster's Commentary: 

These numbers are pretty intense.

Mike and I have been looking on line for some chair beds, and/or sofa beds, and the numbers of these items no longer available, or only available in "gray" from well-known on line resources is staggering.

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