Alan C. Posted August 2, 2013 Posted August 2, 2013 Study: Record Number 21 Million Young Adults Living With Parents 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.. . .The number rose from 32 percent at the beginning of the Great Recession in 2007 and 34 percent in 2009.Declining employment led more young adults to stay with their parents. Sixty-three percent of Millennials had jobs in 2012, down from 70 percent in 2007.The study also found that the number of 18- to 24-year-olds who were enrolled in college rose from 35 percent in March 2007 to 39 percent in March 2012 and that the number of Millennials dropped to 25 percent last year from 30 percent in 2007.
QueechoFeecho Posted August 6, 2013 Posted August 6, 2013 This is something I had been wondering about for several years now. Also notice that the phenomenon of young adults living in their parents' house has been showing up more in pop culture in movies and TV commercials.
Alan C. Posted August 19, 2013 Author Posted August 19, 2013 New Jersey’s Boomerang Generation According to the US census Bureau, at least 1 in 4 N.J. adults, ages 18-31 live at home and 42% are 24 or older.
MaxM Posted August 28, 2013 Posted August 28, 2013 I'm a millennial and me and a lot of my friend live at home because it makes more sence. There are insane house bubles all over the place over 1 million in the main cities and 250-350thousand in ruralish out of town areas. this is for like 203 bedrooms renting is the only choice out side of the folks home which is around 15-25% of full time income so its shitty choices in the 1940 houses were like 60K or like less than five years work us millenials just live week by week and have to save or loan for anything worth more than $300 banks arnt safe and you'd have to be insain to get in the housing bubble because the loans are near free usually for housing.houses should not cost more than 200-350thousand at all I mean the prices doubled in 10 years in some locations were i lived. we came out of school with debt no capital and all the baby making fuckers decided they want to work till they're 70 and raise the minimum wage and claim money from us in the form of taxs because they came first. We should stay at home and move the parents/ baby making gen into the garages for fucking us over so hard.
MrCapitalism Posted August 28, 2013 Posted August 28, 2013 My father bought a house to raise a family in during the 1980's. He was a bicycle mechanic making something like $8/hr. The total cost of my student loan is going to be approximately $320,000 over the course of 20 years. I joke that I'm already buying a house that I'll never get to live in.
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