Why are Many Millenials Are Still Living At Home

The prevailing assumption is that this is a function of economic hardship, especially since it rose to prominence at the same time as the great recession was hitting hard. 

As the length of lives gets extended, the stages of life are likewise being recast. Social scientists have heralded the advent of an entirely new stage of life between adolescence and adulthood, often called “emerging adulthood.” 

Many young people live at home because they are close to their parents.

Research shows that 6 in 10 millennials (age 18 to 35) today say they’re very close to their parents. By contrast, fewer than half of middle-aged and older adults say the same was true of their relationships with their own parents back when they were in their 20s and 30s.

When houses cost 12 - 30 thousand somones mortgage payment could have been as low as $100 - $300 a month.

Since real estate prices rose its difficult to find affordable housing in many areas.