Poor job prospects lead to more young adults staying near mom and dad

by Grace

In record-setting numbers, young adults struggling to find work are shunning long-distance moves to live with Mom and Dad, delaying marriage and buying fewer homes, often raising kids out of wedlock. They suffer from the highest unemployment since World War II and risk living in poverty more than others – nearly 1 in 5….

Among adults 18-34, the share of long-distance moves across state lines fell last year to roughly 3.2 million people, or 4.4 percent, the lowest level since World War II. For college graduates, who historically are more likely to relocate out of state, long-distance moves dipped to 2.4 percent.

This is from an article describing the “lost generation” of young adults feeling the effects of coming of age during a prolonged economic slump.  The numbers are from 2010 census data.

A low in jobs, mobility, marriage for young adults – AP

Reltated:  Impact of staggering growth of student loans on our children’s future

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