Here’s How Many Millennials Now Live With Their Parents

The U.S. Census Bureau released some shocking new data analysis this week showing that more young people between the ages of 18 and 34 are now living with their parents than in any other residential arrangement.

In fact, in 2015, 24 million young adults — that’s one-in-three — lived with mom and dad. That’s a pretty stark change from 2005, when the majority of young adults lived in their own homes independently. At the time, this was the predominant living arrangement for young adults in 35 of the nation’s 50 states; today, this is the case in just six states.

While 31 percent of young people live with their parents, 27 percent live with a spouse — and that’s where the biggest change has unfolded. Consider that, while 26 percent of young adults did live with their parents in 1975, 57 percent then lived with a spouse. Thus, the proportion living with a spouse has decreased 30 percentage points over the past 40 years.

Additionally, 21 percent of people aged 18 through 34 now live with a roommate, 12 percent are cohabitating and 8 percent live alone.

“Most of today’s Americans believe that educational and economic accomplishments are extremely important milestones of adulthood,” the report’s highlights read. “In contrast, marriage and parenthood rank low: over half of Americans believe that marrying and having children are not very important in order to become an adult.”

And the census data published in the new report, “The Changing Economics and Demographics of Young Adulthood From 1975 to 2016,” even goes a bit deeper into the narrative, finding that one-in-four of the young individuals who live at home neither work nor attend school.

Read the full story at Faithwire.com.

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