Saturday, August 03, 2013

A Rising Share of Young Adults Live in Their Parents’ Home | Pew Social & Demographic Trends

A Rising Share of Young Adults Live in Their Parents’ Home | Pew Social & Demographic Trends: "In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009.

A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students."

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