The financial crisis and Great Recession of 2007-2009 seriously disrupted many young Americans' plans to move out of their parents' homes and start lives of their own. Household growth in the last few years has been just 500,000 per year, the weakest pace since 1947. But in 2011, households grew by nearly 1.2 million, showing a rise in overall housing demand that shows, at last, that Millennials are finally feeling economically strong enough to leave the nest. This means more than just a housing boom. It means a much larger economic swing, including – at last – the arrival for many young people at the life decisions such as marriage, home buying and having children that precipitate the need for financial planning products and services.
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