Young Homeowners Have A Harder Time Staying Out of Poverty
by SavvyRoo on Jul 7, 2014 | Views: 142 | Score: 0
Household Poverty Rates For Householders Aged... | |
---|---|
Under 25 | 43 |
25-44 | 17 |
45-64 | 12 |
%
Sources:
mic.com, factfinder2.census.gov
Household Poverty Rates For Householders Aged... | |
---|---|
Under 25 | 43 |
25-44 | 17 |
45-64 | 12 |
Young adults are living at home in higher numbers because moving out might mean living in poverty. 56% of 18-24 year olds lived at home in 2012, the highest rate since the 1970s. Over 4.6 million adults under age 25 are “householders,” renting or owning a place in their name. They are constrained by low incomes, living costs and debt.