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Number Of Middle Age Californians Living With Their Parents Soars - 50-64

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http://www.zerohedge.com/news/2014-04-22/welcome-recovery-and-your-parents-home-middle-age-californians-living-their-parents-

In the latest indication of just how strong the US "recovery" is, we find that the number of Californians 50 to 64 who live in their parents' homes has surged in recent years, which as the LA Times less than sarcastically adds, reflects "the grim economic aftermath of the Great Recession." Wait, don't they mean the great recovery? Because isn't the S&P just 10 points from its all time closing high? Maybe all those middle-age Californians are merely seeking their comfort (and spare bedrooms) of their parents so they can all use the family E-trade terminal together.

But since everyone knows the latest handout to the population by the administration is ObamaTrade in which everyone gets $100,000 to BTFATH, we know that is not the case, so surely the LA Times is joking.

Unfortunately, it isn't.

Here are the details - "for seven years through 2012, the number of Californians aged 50 to 64 who live in their parents' homes swelled 67.6% to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development. Many more young adults live with their parents than those in their 50s and early 60s live with theirs. Among 18- to 29-year-olds, 1.6 million Californians have taken up residence in their childhood bedrooms, according to the data. Though that's a 33% jump from 2006, the pace is half that of the 50 to 64 age group."

An impressive achievement for the greatest capitalist economy on the planet. I'm sure this won't be something that gets replicated here....

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http://

globaleconomicanalysis.blogspot.co.uk/2014/04/amazing-surge-in-middle-aged-folks.html

The Fed thinks higher inflation is the answer. So does the ECB. One has to be lost in academic fantasyland to hold that view.
Edited by billybong

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50-64 is the kind of age where your parents are likely to need you to move back in and look after them. It can be like caring for an infant, but without the rewards of seeing them develop.

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50-64 is the kind of age where your parents are likely to need you to move back in and look after them. It can be like caring for an infant, but without the rewards of seeing them develop.

Errr don't you mean 65-70+ ???

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Errr don't you mean 65-70+ ???

Well, that too: the range is obviously arbitrary. Also younger: a good friend had to move back to look after her parents in her early 40s. But the thread title says 50-64, meaning lots of parents in their 80s/90s and losing their independence.

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