Less Money, And Living With Mom & Dad
Today's Wall Street Journal reports:
The inflation-adjusted income of the median household—smack in the middle of the populace—fell 4.8% between 2000 and 2009, even worse than the 1970s, when median income rose 1.9% despite high unemployment and inflation. Between 2007 and 2009, incomes fell 4.2%....That has prompted many young adults to move in with family, or put off leaving home in the first place. The number of 25-to-34-year-olds living with their parents rose 8.4% to 5.5 million in 2010 from 2008.
Because of the high cost of living here in the Bay Area, I imagine the numbers are worse here.