Number of Couples Setting Up Homes Skyrocketing
Have you and your partner moved in together this past year? If so, you’re part of a growing trend that proves the economy is looking up.
The latest numbers from the Census Bureau reveal that 1.15 million new households were established in the last year compared to the annual average of 650,000 households seen over the past four years, according to The Wall Street Journal. Previously, the number of college kids moving home after earning their diplomas had increased, due to the lack of job opportunities. Single people were postponing marriage because of uncertainties over their financial futures.
Analysts point out that there’s a direct link between the number of households set up and the number of available jobs. “During the recession, a lot of those major life events like marriage, children and migration were put on hold,” Kenneth Johnson, a senior demographer at the University of New Hampshire’s Carsey Institute, told the paper. “It may be that there are couples who are thinking about living together, and they’re thinking, ‘The jobs picture is getting better. It’s time to make the next step.’ “
Here’s to hoping this trend is on the upswing for a number of years to come–and that the job market keeps gaining momentum.
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