Reading this article, I thought- I know A TON of people in this situation...
Young people in their 20s and early 30s who, in many cases, are college graduates "burdened with college debt or toiling in low-wage jobs, they are delaying careers, marriage and having children. Waiting anxiously for their lucky break, they are staying put and doubling up with roommates or living with Mom and dad, unable to make long-term plans or commit to buying a home — let alone pay a mortgage." yahoo.com
The new 2013 figures from the Census Bureau also found that:
*Migration among young people has declined. In other words, instead of moving to an area where one may be able to find better job prospects, young adults are opting to stay close to home.
*While homeownership across all age groups fell by 3 percentage points to 65 percent from 2007 to 2012, the drop-off among adults 25-29 was much larger — more than 6 percentage points, from 40.6 percent to 34.3 percent.
Are you or someone you know in this situation?
Click here to read the full article.