Living with parents is the norm for young adults

During the months of March, April, and May, approximately 2.9 million adults in the US moved in with parents or grandparents. Many of these were college students whose classes were cancelled due to the COVID-19 epidemic, but the enormous spike during those months is also a result of the economic downturn. Young adults aren’t able… Continue reading Living with parents is the norm for young adults

Recession Chatter

Photo by Jp Valery on Unsplash

The New York Federal Reserve Bank shows a probability of 33% for a recession to strike in the next 12 months. A recent Zillow survey of economists and other experts predicts a 52% chance of recession by the end of 2019 and a 73% chance of recession by the end of 2020. Morgan Stanley economist… Continue reading Recession Chatter