The residential for-sale market has taken a hit over the decade starting in 2006 and ending in 2016, which includes the housing crisis, and one demographic segment that suffered from the fallout were families with minor children, according to a new analysis by RENTCafé. Over the 10-year period, the number of homeowner families with minor children dropped by 3.6 million in the United States, while the number of families living in rental units jumped by 1.9 million. The findings, which are based on U.S. Census estimates, also show the changes that occurred in the nation’s largest metropolitan areas.
If the economy was thriving and families with children were making more money, then this one statistic should be showing improvement, not a decline. Things are going downhill for many Americans, especially those with children.