The Obama administration has been intensely criticized by many who contend its leftward trajectory has stunted economic growth and kept unemployment levels unreasonably high.
Recent studies show the startling effect these policies have had on the traditional American family structure. According to a Los Angeles Times report, the scarcity of good jobs has been a major factor in a record high number of adults forced to live with parents to make ends meet.
Nearly one in four Americans between the ages of 25 and 34 now live with parents or grandparents, the study found.
That number has spiked in just the first six years of Obama’s presidency. In 2007, just 18.7 percent of those in the same age group shared a home with older relatives.
More than twice as many Americans live in so-called multigenerational households now compared to 1980. As of 2012, a staggering 57 million citizens found such an arrangement optimal.
— Walter Hamilton (@LATwalter) July 17, 2014
Perhaps the most astounding discovery revealed in the study was a comparison between young adults living with parents and elderly Americans living with their children.
In the U.S., large numbers of middle-aged adults have typically cared for their aging parents in a common home. While the rate of such arrangements has increased in recent years, less than 23 percent of those over 85 years of age currently reside with their children – a lower percentage than young adults living with parents.
As expected, the number of multigenerational households saw an increase correspondent with the 2008 recession.
Despite the fact that the Obama administration asserts the American economy is in recovery, however, this way of living has only continued to rise.
@LATwalter Key question: Is this preference or necessity? Impact on housing mkt will be huge when economy improves if it’s necessity.
— Lisa Sturtevant (@Lisa_Sturtevant) July 18, 2014
@Lisa_Sturtevant Probably a bit of both, and you’re right that it will have big impact on housing, but slowly b/c they’re not in rush to own
— Walter Hamilton (@LATwalter) July 18, 2014
Photo Credit: Ojedamd (Creative Commons)
This post originally appeared on Western Journalism – Informing And Equipping Americans Who Love Freedom