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Tuesday, July 08, 2014

Kolko: "Basement-Dwelling Millennials Are For Real"

by Calculated Risk on 7/08/2014 06:02:00 PM

Using data from other sources than the CPS, Trulia chief economist Jed Kolko writes: Basement-Dwelling Millennials Are For Real

[T]he Current Population Survey’s (CPS) Annual Social and Economic Supplement (ASEC) counts college students who are living in dorms as living with their parents, and college enrollment has indeed gone up. But it does not follow that basement-dwelling millennials are a myth. The ASEC and other Census data show that after adjusting for college enrollment and for dormitory living, millennials were more likely to live with parents in 2012 and 2013 than at any other time for which data are available.
An interesting discussion!

P.S. Great to be back online. SC Edison performed some electrical upgrades on my block on Monday, and one of the "upgrades" was to sever my cable connection. Oh well ...