Trends

What percent of 18 29 year olds are currently living with their parents?

What percent of 18 29 year olds are currently living with their parents?

52%
A majority of young Americans ages 18 to 29 are now living with at least one of their parents, according to a Pew Research Center analysis of Current Population Survey data. About 52% of this age group, 26.6 million people in total, were living with their parents in July, compared to 47% at the same time last year.

How many Millennials still live with their parents?

As of July, 52% of millennials were living in their parents’ home, up from 47% in February, according to the Pew analysis of Census Bureau data, surpassing the previous high hit in 1940, when 48% of young adults lived with their parents.

Who are the young adults living with their parents?

In fact, Whites accounted for about two-thirds (68%) of the increase in young adults living with their parents. As of July, more than half of Hispanic (58%) and Black (55%) young adults now live with their parents, compared with about half of White (49%) and Asian (51%) young adults.

How old do you have to be to live with your parents?

The youngest adults (ages 18 to 24) accounted for most of the growth in the number of 18- to 29-year-olds living with their parents from February to July – 2.1 million of the 2.6 million increase was attributable to them. Most in this youngest age group already lived with their parents, but the share grew to 71% in July from 63% in February.

How many college students live with their parents?

The CPS somewhat overstates the number of young adult college students who live with their parents. That is because unmarried college students residing in dormitories are counted as living with their parents.

Who are more likely to live with their parents?

Young men are more likely than young women to live with their parents, and both groups experienced increases in the number and share residing with mom, dad or both parents since the beginning of the coronavirus outbreak.

Is it normal to live with your parents as an adult?

According to the Pew Research Center, this move back was actually normal: In 2014, for the first time in 130 years, people between the ages of 18 and 34 were “slightly” more likely to be living with their parents than they were to be living with a S.O. or spouse.

In fact, Whites accounted for about two-thirds (68%) of the increase in young adults living with their parents. As of July, more than half of Hispanic (58%) and Black (55%) young adults now live with their parents, compared with about half of White (49%) and Asian (51%) young adults.

How many kids live at home with their parents?

But far from a temporary, recession-induced phenomenon, kids continue to boomerang home. The Pew Research Center found that nearly one third of 18- to 34-year-olds currently live with a parent (s). That’s a pronounced generational shift from 23 percent in 1960.

Is it better to live at home with Mom and Dad?

Living at home with mom and dad also comes with its perks: Millennials who want to save enough for a down payment on a home can afford to nearly three years sooner if they stay at home, Zillow’s apartment search platform HotPads found.