In 2012, 36 percent 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 percent of their same-aged counterparts who were living at home before the Great Recession in 2007 and the 34 percent 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. (In the Census data used for this analysis, college students who live in dormitories during the academic year are counted as living with their parents). The steady rise in the share of young adults who live in their parents' home appears to be driven by a combination of economic, educational and cultural factors. Among them:
Declining employment. In 2012, 63 percent of 18- to 31-year-olds had jobs, down from the 70 percent of their same-aged counterparts who had jobs in 2007. In 2012, unemployed Millennials were much more likely than employed Millennials to be living with their parents (45 percent versus 29 percent).
Rising college enrollment. In March 2012, 39 percent of 18- to 24-year- olds were enrolled in college, up from 35 percent in March 2007. Among 18- to 24-year-olds, those enrolled in college were much more likely than those not in college to be living at home — 66 percent versus 50 percent.
Declining marriage. In 2012 just 25 percent of Millennials were married, down from the 30 percent of 18- to 31-year-olds who were married in 2007. Today's unmarried Millennials are much more likely than married Millennials to be living with their parents (47 percent versus 3 percent).
Richard Fry, Pew Research Center
Read the full report — "A Rising Share of Young Adults Live in Their Parents' Home" — at tinyurl.com/tbtimes-kidsathome.
© 2013 Pew