[Chart] FHA mortgage insurance boom in the works?

[Chart] FHA mortgage insurance boom in the works?

MBA notes impact of cutting MIPs

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks
Lending / The Ticker

The truth behind millennial housing numbers

Reports leave out key detail

/ Print / Reprints /
| Share More
/ Text Size+

Despite an overabundance of news reports on millennials, one key factor is consistently left out of the mix. According to The Atlantic, one problem with the official statistics is that the Current Population Survey counts students living in dormitories as living with their parents.

Be sure to click on the link to see the graphic.

As you can see in the graph below, the share of 18-to-24-year-olds living at home who aren't in college has declined since 1986. But the share of college students living "at home" (i.e.: in dorms, often) has increased. So the Millennials-living-in-our-parents meme is almost entirely a result of higher college attendance. 

That's crucial to know, because the share of 25- to 29-year-olds with a bachelor degree has grown by almost 50 percent since the early 1980s. More than 84 percent of today's 27-year-olds spend at least some time in college and now 40 percent have a bachelor's or associate's degree. More young people going to school means more young people living in dorms, which means more young people "living with their parents," according to the weird Census. 

Source: The Atlantic
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus