Goodbye, Empty Nest: Millennials Staying Longer With Parents
WASHINGTON (AP) -- Many of America's young adults appear to be in no hurry to move out of their old bedrooms.
For the first time on record, living with parents is now the most common arrangement for people ages 18 to 34, an analysis of census data by the Pew Research Center has found.
And the proportion of older millennials - those ages 25 to 34 - who are living at home has reached its highest point (19 percent) on record, Pew analysts said.
Nearly one-third of all millennials live with their parents, slightly more than the proportion who live with a spouse or partner. It's the first time that living at home has outpaced living with a spouse for this age group since such record-keeping began in 1880.
The remaining young adults are living alone, with other relatives, in college dorms, as roommates or under other circumstances.
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http://hosted.ap.org/dynamic/stories/U/US_MILLENNIALS_AT_HOME?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-05-24-14-56-49
UMTerp01
(1,048 posts)If I didn't have a partner with an almost equal income to mine I would probably have a roommate, and I make pretty decent money without much debt. Multigenerational households used to be high in number. Then there was this belief that everyone needed to have their own space and yada yada. But with wages stagnant, millenials being bogged down with student loans, people getting married later, and people in jobs where they really can't afford to go out on their own it makes sense.
My stepdad died a few years ago and my mother is still living in their house by herself, which quite frankly is too big for her. I recently suggested that she sell it and she and my partner and I look for a larger house to where we could have our own space but its still one house. Why have 2 mortages and 2 sets of bills? My mother isn't one of those overbearing mother's and gets along with my partner very well. It will just make better economic sense later in life for us and makes a whole lot of sense for millenials who can't afford to really get out there and be independent quite yet.
larkrake
(1,674 posts)Brother Joe Observes
(61 posts)I've got a son graduating from Iowa State next year, and a daughter at Boise State two years later. My wife and I are already making room.
kimbutgar
(21,162 posts)My Dad was the kind of guy who said I stayed in his home until I got married, that's what good girls do. During that time I saved money and brought a car. When I got divorced 4 years later I was prepared to get my own apartment but my parents said, no" no" move back home save your money and then move out. I stayed 2 years, saved a lot of money and when I moved out I got a nice apartment and could afford to buy furniture. And I had money in the bank.
There is something positive about living at home if you use it to save money to get ahead.
Unfortunately nowadays , the jobs pay so little even for a college grad, living at home makes it even difficult to save for the future because they got those damn student loans over their heads.
Pakhet
(520 posts)Neither of us can do it alone anymore.
AZ Progressive
(3,411 posts)Earth_First
(14,910 posts)Get fucking real!
They're hostages to an economic system that in no way shape or form is set up for the Millenials to succeed.
This, created and purportrated by the 'I got mine' generation.