Welcome to the coming lost decade of the US. We are repeating the cycle of Japan. Growing unemployment. Aging baby boomer population. Recent college graduates can't get jobs, so they live with their parents.
We are coming very close to recreating the Japanese culture, with all of their societal problems (40 year old unemployed men living with their parents and reading manga porn all day instead of working).
Quote:"In Italy, more than half of all young men live with their parents until age 30. Katherine Newman and Sofya Aptekar, in their chapter in The Price of Independence, trace the transition to adulthood in Europe, finding that youth there are responding to high housing costs, less stable jobs, and higher unemployment by living at home longer."
High housing costs. Less stable jobs. Higher unemployment.
Bam! How do you become an independent adult and start a family against that backdrop?
We are coming very close to recreating the Japanese culture, with all of their societal problems (40 year old unemployed men living with their parents and reading manga porn all day instead of working).