It’s mainly younger millennials who still live at home with their parents

by Grace

Recent headlines broadcast the record number of young adults are living with their parents“.  But it should be noted that the highest percentages of young adults still dependent upon their parents tend to be those who are under age 25.

The numbers that caught our attention

A new study from Pew Research finds that 36 percent of Millennials – young adults ages 18 to 31 – are living at their parents’ homes, the highest number in four decades. A record 21.6 million young adults were still living at home last year.

Let’s look more closely at the data.

College-age adults account for the higher percentages.  Only 16% of 25-31-year-olds live at home, while 56% of younger adults live at home.

20130805.COCMillLivingHome1

Some reasons for the increase are:

  • More young adults are attending college
  • Poor job market
  • Declining marriage rates

Being male, living in the Northeast, and lacking a college degree are all factors that correlate more closely with the likelihood of living at home.

  • Millennial males (40%) were significantly more likely than Millennial females (32%) to live at home.
  • Millennials in the Northeast (44%) were significantly more likely to live in their parents’ home than Millennials in other regions of the country. This partly reflects the fact that Northeastern Millennials were more likely to be enrolled in college than their counterparts elsewhere, as well as higher housing costs in the Northeast (Furstenberg, 2010)….
  • Millennials who graduated from college (18%) were much less likely than less-educated Millennials to live at home. Millennials who have finished college tend to be older, but even within narrow age groups it remains the case that college-educated Millennials are the least likely to reside in their parents’ home.

Related:  No shame in living at home after college (usually) (Cost of College)

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