07/09/2014 06:29 pm ET Updated Jul 09, 2014

Yes, Millennials Actually Are Living In Their Parents' Basements

Last week, The Atlantic’s Derek Thompson delivered a rebuke to writers who have expressed concern about elevated numbers of young adults living in their parents' basements. People like me, and also Derek Thompson from 2012.

According to Thompson, this increase relies almost entirely on a quirk in the statistical data. The Current Population Survey of the U.S. Census defines students living in dormitories as “living in their parents' home.” To Thompson, this means that the entire trend is bogus: More young adults are enrolling in college than ever before, and they’re simply counted as basement-dwellers. Prominent analysts like Calculated Risk’s Bill McBride picked up Thompson’s theory.

Read more on The New Republic