The number of those aged 18 to 34 living with parents increased by 2.2 million from 2005 to 2009, reaching 20.3 million, the highest number in 25-plus years, according to the Census Bureau.
Home ownership fell to 66.9% which is down 1.6% since the beginning of 2006 and it is projected to keep falling. 1.6% translates to 3.4 million households!
Immigrant renters whose population growth has grown excessively since 2006 will help shape the next decade with regards to housing households.
Generation Y - those between the ages of 18 and 34 total approximately 77.4 million and this is larger than the baby boomers, which number about 76.2 million.
Generation Y stays in what demographers call 'emerging adulthood' for longer periods of time than its predecessors.
For the first time in more than a century, more than half of those aged 25 to 34 have never been married, according to the Council on Contemporary Families.
Birth rates continue to trend downward according to the U.S. Census.
Another trend indicates that more families are taking in older relatives into their households.
Vast majority of seniors prefer to age in place.
There are many more multi-generational households today than at any time in the past 60 years, a trend driven by immigration.
Minority households aged 35 to 44 had an average of 3.2 people per household compared to 2.6 for whites. Average number of children per minority household is 1.1, versus just 0.6 per white household. These numbers are from the Harvard Joint Center.
It appears immigration will drive future population growth here in the United States.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment