A U.S. Census Bureau infographic shows how 30-year-olds in 2015 differ from those in 1975. The demographic shift is affecting the real estate industry. (I was 32 in 1975)
PALM COAST, FL – June 30, 2016 – The U.S. Census Bureau has released an infographic that depicts the demographic shift of the past 40 years. They look at characteristics of 30-year-olds in 1975 and their age counterparts in 2015. Their findings have real significance for the real estate market.
- In 1975, 56% of the target group were homeowners. For 30-year-olds in 2015, that percentage had dropped to 33%.
- In 1975 90% were living on their own. In 2015, only 70% of 30-year-olds were living on their own.
- In 1975, 89% had ever been married. Compare this to 57% of these young adults forty years later.
This infographic presents data from the Current Population Survey’s Annual Social and Economic Supplement from 1975 and 2015.
[Source: U.S. Census Bureau]