A multi-decade Republican-led, Democratic-tolerated process of dismantling our middle class has been incredibly effective. Think Progress reports today that income inequality in the U.S. is reaching record levels. The U.S. now is catching up to Uganda and has surpassed Pakistan, Ethiopia, and the Ivory Coast in income inequality.
We're reached income inequality levels to rival the Great Depression, which is why I laugh sardonically every time a news anchor uses the term the "Great Recession" as if it's something that happened in the past. I'm sure Wall Street is doing fine, but most of the country is living in a great depression, and that's all there is to it.
The percentage of young adults ages 19 to 29 who are living with their parents rose from 25% in 1980 to 34% in the late 2000s, Qian's research shows.
As someone who lived with her mom for a short period in my early 20s, I've often been one to say that we shouldn't judge this situation as some kind of hellish nightmare. Families often choose it because both the child and the parent prefer it to alternatives such as roommates. It's often not pure mooching, but a situation were the adult children contribute financially and help around the house. But it's definitely an economic indicator, because I think many people who choose it would have separate homes if they could live alone. I wish it didn't take economic catastrophe for the social stigma of this arrangement to lessen.