Hearkening back to America’s Great Depression, when families were forced to live together in order to survive economic strife, the Census Bureau revealed on Wednesday that approximately one-third of Americans aged 18- to 34-years still live in their parents’ homes. And a shocking one in four 25- to 34-year-olds who live at home don’t attend school and don’t have a job.
According to the bureau’s report, “The Changing Economics and Demographics of Young Adulthood: 1975–2016” (pdf), there are 70 million millennials in this country and 2.2 million of them are not living independently.
In fact, more 18- to-34-year-olds today are choosing to stay with mom and dad rather than get married. On the flipside, their grandparents’ generation in the 1970s was more than twice as likely to live with a spouse.
Young adults today are more likely to be enrolled in college or graduate school than their counterparts in the ’70s, but that could be part of the problem, as college graduates are often saddled with tens of thousands of dollars in debt before they even begin working.
Results of the survey also showed that most of those who live at home but neither work nor go to school have a high school diploma or less, and about a fifth of them are parents themselves. One in four also has a disability.
It turns out that there is racial equality regarding those who live in their parents’ homes: Half are white—but most of them are male.
“Almost 9 in 10 young people who were living in their parents’ home a year ago are still living there today, making it the most stable living arrangement for young adults,” the report said. “In 2005, the majority of young people lived independently in their own household (either alone, with a spouse, or an unmarried partner), which was the predominant living arrangement in 35 states. By 2015—just a decade later—only six states had a majority of young people living independently.”
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