Money A quarter of millennials who live at home don't work or study

21:10  20 april  2017
21:10  20 april  2017 Source:   Bloomberg

This city has the most heavily indebted homeowners in America

  This city has the most heavily indebted homeowners in America <p>Low income and high house prices in some cities are a very bad combination</p>But San Luis Obispo, Calif., has the most over-leveraged mortgage borrowers in the country, according to a new study released Wednesday by personal-finance site WalletHub. To determine how over-leveraged the city’s debtors were, WalletHub compared the median mortgage balance among residents with the median home value and median income. In total, WalletHub analyzed the leverage situation across more than 2.500 cities nationwide.

A life of leisure, free of bosses and bills, sure sounds like the dream — and it turns out millions of millennials are living it. Most of those who live at home but neither work nor study have a high school diploma or less, and about a fifth have a child.

4 | Connecting with the Millennials – A Visa Study . Living for the Moment and Exploring the World. Despite issues of control, over a quarter of Millennials who don ’ t own a credit card would like to in the future. Either at home , on their computers, on-the-go or on their mobile phones, Korean

A life of leisure, free of bosses and bills, sure sounds like the dream — and it turns out millions of millennials are living it. But don't congratulate them yet. They're doing it under their parents' roof and not necessarily by choice. 

About a third of 18-to-34-year-olds in the U.S. live at home, the Census Bureau reported Wednesday. That includes college dormitories. Among 25-to-34-year-olds living at home, one in four is neither enrolled in school nor working. That's 2.2 million people, a small percentage of the nation's more than 70 million millennials but a striking figure nonetheless.

Robots Will Have Hard Time Stealing Canadian Millennials' Jobs: Study

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A quarter of millennials living at home with their parents have no job and no responsibilities. The U.S. Census Bureau released a comprehensive study Wednesday analyzing the economic Nearly 1-in-3 millennials live at home with one-in-four living idly, meaning they neither go to school or work .

Nearly a quarter of Millennial men said the same. (The homeownership rate is just 33 percent for Millennials ages 26 to 29.) She worked "close to full-time" at jobs and internships throughout high I don ' t believe in paying rent, so I lived at home and saved money all through college," she says.

BC-A-QUARTER-OF-MILLENNIALS-WHO-LIVE-AT-HOME-DON-T-WORK-OR-STUDY:   © Polly Mosendz  

More 18-to-34-year-olds live with a parent than with a spouse, according to the report, The Changing Economics and Demographics of Young Adulthood: 1975–2016. That's a major shift from the 1970s, when young people were more than twice as likely to live with a spouse. Young adults today are also likelier to be enrolled in college or graduate school than their counterparts in the '70s. 

Most of those who live at home but neither work nor study have a high school diploma or less, and about a fifth have a child. Half are white, and the majority are male. About a quarter have a disability. The report defines a disability as "hearing difficulty, vision difficulty, cognitive difficulty, ambulatory difficulty, self-care difficulty, or independent living difficulty."

Nearly 2 in 3 homeowners won't sell because of how much it costs to buy again: CIBC

  Nearly 2 in 3 homeowners won't sell because of how much it costs to buy again: CIBC Nearly two-thirds of homeowners polled by CIBC in a recent survey say they are reluctant to sell their homes because of how much it would cost to buy another one. The bank surveyed 3,034 Angus Reid Forum panellists online between March 16 and 20 for their thoughts on home ownership. The poll involved people from all demographic groups, and included both homeowners and Canadians who don't own any real estate.Because it was an online poll, it's not randomized, but a randomized poll of this nature would normally have a margin of error of plus or minus 1.7 percentage points, 19 times out of 20.

Young people still living at home is slowly becoming the new normal. The rise in house prices, especially in London, but elsewhere as well, means that more millennials are biting the bullet and moving back into their parents’ house, whether they’re actually saving money or not.

Only 14% of Millennials live in rural areas, compared with more than a quarter of Boomers (29%) and a third of the Silent Generation (36%) at the same ages. % of Millennials who connect to the internet wirelessly when away from home or work . Studying and Working % of Millennials who …

BC-A-QUARTER-OF-MILLENNIALS-WHO-LIVE-AT-HOME-DON-T-WORK-OR-STUDY:   © Polly Mosendz  

"Almost 9 in 10 young people who were living in their parents’ home a year ago are still living there today, making it the most stable living arrangement for young adults," the report said. "In 2005, the majority of young people lived independently in their own household (either alone, with a spouse, or an unmarried partner), which was the predominant living arrangement in 35 states. By 2015—just a decade later—only six states had a majority of young people living independently." 

Toronto rent hikes are not as ‘outrageous’ as reports suggest, new survey reveals .
The report out today shows apartment rents continue to rise in Canada's largest cities but the pace is slowing down from the end of 2016.Urbanation Inc., a condo research firm in the Greater Toronto Area, said the average rent on a per square basis was $2.75 in the first quarter, up 8.3 per cent from a year ago. In the fourth quarter rents climbed 11.6 per cent on a year over year basis to $2.77 per square foot.“Rent growth isn’t as outrageous as suggested by a couple of isolated instances reported recently where tenants saw their rents double,” said Shaun Hildebrand, senior vice-president.

Source: http://ca.pressfrom.com/news/money/-24214-a-quarter-of-millennials-who-live-at-home-dont-work-or-study/

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