Record 21 million US 'young adults' now live with their parents

8/2/13, "Record 21 Million 'Young Adults' Now Live With Their Parents," Zero Hedge, Durden

"While the 'household formation' meme remains front-and-center among bloviating Fed apologists; the sad facts are that not only is household formation actually still falling but, as a recent Pew Research study finds, a record 21 million young adults are now living at home with their parents. Since 2007, young adults have grown increasingly likely to live at home. This is a new trend with a stunning 45-year high 36% (21 million) of 18-31 year-olds back with mom-and-pop. By way of corollary, with one-third of all Italian adults living at home (and 61% of young-adults), it would seem arguing that a housing renaissance in the US is around the corner on the basis of demographics is risible at best."
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77% of jobs 'created' in 2013 were part-time:

8/2/13, "Obamacare Full Frontal: Of 953,000 Jobs Created In 2013, 77%, Or 731,000 Are Part-Time," Zero Hedge, Durden

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8/2/13, "“We Have Become a Nation of Hamburger Flippers”: Dan Alpert Breaks Down the Jobs Report," Aaron Task, Yahoo Finance

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Comment: A 7+ year economic depression with no end in sight produces more and more people with no discretionary income. I don't think Bud Selig understands this.

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