“Through both recession and recovery, the share of young adults living in their parents’ home continues to rise. Today’s young adults are also more likely to be at home for an extended stay compared with previous generations of young adults who resided with their parents, according to a Pew Research Center analysis of U.S. census data. As of 2016, 15% of 25- to 35-year-old Millennials were living in their parents’ home. This is 5 percentage points higher than the share of Generation Xers who lived in their parents’ home in 2000 when they were the same age (10%), and nearly double the share of the Silent Generation who lived at home in 1964 (8%). It doesn’t appear that a lack of jobs is keeping Millennials at home. As of the first quarter of 2016 (when the living arrangements data were collected), only 5.1% of older young adults were unemployed, down from 10.1% in the first quarter of 2010. Yet the share of 25- to 35-year-olds living at home rose during that span, increasing from 12% in 2010 to 15% in 2016. The living arrangements data are based on the Census Bureau’s Annual Social and Economic Supplement, collected in March…”
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