Friday, September 17, 2010
Household Formation and USA Population Changes
I'm still trying to figure out if this is just a descriptive statistics exercise or whether it may also inform on another level, but this is taking Census data for the number of households and the total population of the USA and looking at the ratio of the annual change in the number of households over the annual change in the population.
It is interesting to note that in some years, the number of households added exceeded the number of people added, so there are multiple factors in play... perhaps the most significant of which was the coming of age of boomer cohort members (with respect to the household formation rate). Any thoughts appreciated.