One Third of 18-34 Year Olds Live with Parents
Young adults who are racking up debt to pay for college tuition are moving back in with good old Mom and Dad.
Why because in this economy they can not find a job and eventually stop looking according to new reports by Deutsche Bank’s Torsten Slok .
So now that they can not find a job the are harming their credit rating because they can not pay back the taxpayers for their student loans.
This in turn has led to an increasing delinquency rate for student loan borrowers.
Might this be due to the economic policies of the current administration and party in power or is is Bush’s fault?