Pursuits
Goldman Sachs: Millennials Are Not Stuck in Permanent Adolescence
This article is for subscribers only.
Good news for parents with young adults still living at home: Goldman Sachs says they’re gonna move out … eventually.
More than 30 percent of 18- to 34-year-olds in the U.S. live with their parents, up from around 26 percent in the early 2000s. The trend started rising a couple years before the financial crisis, but it has picked up since then, sparking fears that the change is permanent. But in a new research report, Goldman economist Hui Shan suggests that’s not the case.