We were asking in the past few weeks where all these formerly working were ending up, as the welfare rolls have not expanded. One can only live 'rent free' in the U.S. for 18-26 months or so, so what then? Based on this ABC News report it appears aside from adults moving back in with mom and dad,[Apr 8, 2008: Recession Causes Relatives to Move in Together & Sharp Drop Off in Divorces] college grads not moving out, and divorcees remaining together under one roof, there are places where even neighbors are taking in neighbors. How widespread is this? Who knows - but in this one cul de sac in Arizona, 3 different houses have this arrangement! This explains the lack of household formation in the country, despite population growth. [Apr 9, 2010: 1.2 Million Households Lost in Great Recession - Through 2008]
Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions. This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.