3 Charts That Show How American Households Have Totally Changed Over The Last 40 years
A fascinating report from the Census (via Heidi Moore and Marketing Charts) takes a look at how the structure and habitation of US households has changed dramatically since 1970.
The report is titled America’s Families and Living Arrangements: 2012 and its findings include the following bullets.
• Sixty-six percent of households in 2012 were family households, down from 81 percent in 1970.
• Between 1970 and 2012, the share of households that were married couples with children under 18 halved from 40 percent to 20 percent.
• The proportion of one-person households increased by 10 percentage points between 1970 and 2012, from 17 percent to 27 percent.
• Between 1970 and 2012, the average number of people per household declined from 3.1 to 2.6.
• Between 1970 and 2012, the share of households that were married couples with children under 18 halved from 40 percent to 20 percent.
• The proportion of one-person households increased by 10 percentage points between 1970 and 2012, from 17 percent to 27 percent.
• Between 1970 and 2012, the average number of people per household declined from 3.1 to 2.6.
The following charts really drive home the way things have changed.
First, you can see that the percent of households that have two parents and children is down to 20 percent from 40.3 percent in 1970.
The number of households that are single men has surged, while the percent of households that are single older women has dropped considerably.
And overall, the number of households with just 1 person in them has surged, while the percentage of households with 5 people or more has fallen from over 20 percent to less than 10 percent of households.
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I always thought that the real estate crash of '08 would have increased the household size as more people roommate up, move in with parents/children, etc. to save cash. This is to be expected considering the rise in vacant units and fall in housing starts at that time. I can't believe that trend isn't anywhere to be found here.
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