Increasing numbers of young Americans are heading to college, where they’re racking up debt to pay for rapidly increasing tuition costs.
Those graduating are being confronted by a challenging job market, which eventually leads many to just drop out of the labor force altogether.
This in turn has led to an increasing delinquency rate for student-loan borrowers.
So it’s no surprise that young people are increasingly opting, perhaps out of necessity, to live at home with their parents.
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SOURCE: Business Insider