Kids!

On a totally non-market subject, more young adults are living with their parents, and here’s the graph to prove it (courtesy of Hugo Scott-Gall of Goldman Sachs). Top line is US, bottom line is UK. I suspect in places like Italy, the numbers are way higher.

Goldman surveyed their interns about which items were priorities for them to own. A house was easily at the top of the list, but interestingly (at least to me), a car was no more important than an expensive handbag or watch. Maybe that’s a function of an urban-centered (and status-conscious) survey group, but I’d say it’s good news for Uber, not so good news for GM (and its peers). It’s also good news for the housing (and related) industry, but maybe the biggest winners are the long-suffering parents who can finally get their kids out the door. I’m sure their children feel the same way.

• 14 Feb, 2017

  LOVE

  Its probably no surprise to you that I see offering world-class investment advice as a valuable service for the ...

• 2 Apr, 2015

  California Dreamin'

  Well, maybe not dreaming, but some thoughts.Below, my graph shows the unemployment rates for California and the US since ...

• 18 Feb, 2025

  Fireside Reading

  Three nonfiction and three fiction recommendations for your fireside reading. Enjoy!Rat City, Jon Adams & Edmund ...