Politics, Weather, Photography, and the Dog
Monday 7 July 2014

Via Calculated Risk, the Atlantic cautions people not to freak out about 20-somethings living at home:

More than ever, young people are living in their parents' basements.

You've surely heard that one before. The Washington Post, the New York Times, the New Republic, Salon, and others have repeated it over and over in the last few years. More than 15.3 million twentysomethings—and half of young people under 25—live "in their parents’ home," according to official Census statistics.

There's just one problem with those official statistics. They're criminally misleading. When you read the full Census reports, you often come upon this crucial sentence:

It is important to note that the Current Population Survey counts students living in dormitories as living in their parents' home.

Calculated Risk explains the economics:

This is an important point since there is a long term trend for higher school enrollment (so we shouldn't "freak out" about the reported increase in young people living at home).

And higher school enrollment generally means lower labor force participation (as I've pointed out before, the decline in the overall labor force participation rate is due to several factors, but two of the most important are aging of the baby boomers and more younger people staying in school).

Mission accomplished. I will no longer worry about Milennials living with their parents.

Monday 7 July 2014 09:23:53 CDT (UTC-05:00)  |  | US#
Search
On this page....
Definitions are important
Countdowns
The Daily Parker +3545d 00h 08m
London 35d 21h 55m
My next birthday 37d 17h 10m
Parker's 10th birthday 322d 13h 05m
Categories
Aviation (370) Baseball (114) Best Bars (10) Biking (46) Chicago (1013) Cubs (199) Duke (134) Geography (377) Higher Ground (5) Jokes (284) Kitchen Sink (726) London (75) Parker (205) Daily (204) Photography (168) Politics (308) US (1165) World (290) Raleigh (21) Readings (8) Religion (68) San Francisco (94) Software (224) Blogs (85) Business (257) Cloud (91) Cool links (154) Security (107) Travel (283) Weather (766) Astronomy (101) Windows Azure (64) Work (104) Writing (15)
Links
Archive
<July 2015>
SunMonTueWedThuFriSat
2829301234
567891011
12131415161718
19202122232425
2627282930311
2345678
Full archive
Blogroll
About
David Braverman and Parker
David Braverman is the Chief Technology Officer of Holden International in Chicago, and the creator of Weather Now. Parker is the most adorable dog on the planet, 80% of the time.
Legal
All content Copyright ©2015 David Braverman.
Creative Commons License
The Daily Parker by David Braverman is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License, excluding photographs, which may not be republished unless otherwise noted.
Admin Login
Sign In
Blog Stats
Total Posts: 4895
This Year: 281
This Month: 34
This Week: 3
Comments: 0