Part of the promise of the American Dream is that each generation will do better than the last. Has that happened with our adult children, the millennials? Well, “yes and no,” reports the U.S. Census Bureau. Our children are better educated as a generation, yet more are living in poverty and they have lower rates of employment.
A new Census Bureau report confirms what every re-feathered nest, caregiving combo, or extended family household knows: Following the recent recession, there were more combined households in 2010 (22 million - 18.7 percent of all households) than there were in 2007 (19.7 million.) And guess what else? Personal poverty rates are higher among the adults who live in these households.
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