by Michael Snyder
The Economic Collapse Blog
In America today, more than 60 million people live in multi-generational households. That number is so large that it may seem difficult to believe, but the truth is that vast numbers of young adults have had to move back in with their parents and grandparents in recent years due to the deteriorating economy. Millions of our young people cannot find decent jobs once they leave school, and millions of them are absolutely overwhelmed by debt. Of course some of them are just lazy, but whatever the reason it is undeniable that multi-generational households are on the rise. According to the Pew Research Center, 12 percent of the U.S. population was living in multi-generational households back in 1980. Today, that number is up to 19 percent. That means nearly one out of every five U.S. adults now live with their parents or their grandparents.