Why are Many Millenials Are Still Living At Home

Why are Many Milenials Are Still Living At Home

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The Real Reasons Many Millennials Are Still Living at Home - The Experts - WSJ - The Real Reasons Many Millennials Are Still Living at Home - The Experts - WSJ

Pew Research Center’s Social & Demographic Trends Project - For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds

For the first time since 1880, Americans ages 18 to 34 are more likely to be living with their parent(s) than in a household shared with a spouse or partner.

Pew Research Center - In the U.S. and abroad, more young adults are living with their parents

Across much of the developed world, researchers have found that more young adults are living at their parents` home for longer periods of time.

Pew Research Center’s Social & Demographic Trends Project - More Millennials Living With Family Despite Improved Job Market

Despite improvements in the labor market, Millennials today are less likely to be living independently of their families and establishing their own households

www.macfound.org - Research Network on Transitions to Adulthood — MacArthur Foundation

Pew Research Center’s Social & Demographic Trends Project - The Boomerang Generation If there’s supposed to be a stigma attached to living with mom and dad through one’s late twenties or early thirties, today’s “boomerang generation” didn’t get

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Economic Hardship

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.

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A Restructering of the Life Course

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.”

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Close to Parents

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.

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Housing is not Affordable

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.

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