Friday, July 04, 2014

The Kids are Alright: Living in Dorms counted as Living in Parents' Home

by Bill McBride on 7/04/2014 08:53:00 PM

An interesting point from Derek Thompson at the Atlantic: The Misguided Freakout About Basement-Dwelling Millennials

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
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