Quote:
Originally Posted by CliffFletcher
I expect the increasing tendency of adult children to live at home through their 20s is skewing household income figures. A household with dad earning 70k, mom earning 60k, 27 year old daughter earning 50k, and 25 year old son earning 40k aren’t really as affluent as the $220k household income would suggest. When it comes to house affordability, two of those people probably aren’t contributing to mortgage payments.
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I won't pretend to know how the stats for household income are calculated, but... Is it really likely that 27 yo living at home making $50k per year isn't contributing? Ewwww