In a previous blog, we introduced information from an interesting report entitled “Failure to Launch: Structural Shift and the New Lost Generation.” In this report, authors Anthony Carnevale, Andrew Hanson and Artem Gulish compare and contrast the baby boomers with the millennials. The millennials, incidentally, are the “lost generation.”
The takeaway from this report is that:
1) Young adults are launching their careers later, and
2) Older adults are retiring later.
It goes without saying that such trends have a definite impact on housing; if young adults don’t have jobs, they don’t earn money with which they form separate households.
Read more...Millennials, Jobs, Independence and Households