Around 32% of young people live with their parents, according to 2014 Census findings of the living arrangements of US adults aged 18 to 34. In 2012, 37% of adults aged 18 to 31 were unemployed, according to research published by Pew Research Social and Demographic Trends. This was a 7% rise from 2007, before the US experienced an economic recession. The increase in young adults living with their parents may also be attributed to a decline in marriage: 56% of 18 to 34 year olds were married and had their own household in 1968, versus 23% in 2012.
More about living arrangements of young people:
- Young males are more likely to live with their parents than females: 40% of males aged 18 to 34, compared to 32% of females.
- 45% of unemployed young people in the US live with their parents.
- Adults aged 18 to 34 who started college but did not finish have a higher rate of living with their parents (43%), than those with a high school education or less (40%). This is thought to be due to student loan debt affecting the ability to secure their own housing.
Frequently Asked Questions
What percent of young adults are currently living with their parents?
As of recent data, in the United States, about 52% of young adults aged 18-29 were living with their parents, according to a Pew Research Center analysis of monthly Census Bureau data. This is a significant increase from past decades, influenced by economic factors and possibly exacerbated by the COVID-19 pandemic. The trend reflects broader societal shifts, including delayed marriage and extended education.
How does the percentage of young adults living with parents vary by country?
The percentage of young adults living with their parents varies widely by country, reflecting cultural norms and economic conditions. For instance, in European countries like Italy and Spain, it's common for over 50% of young adults to live with their parents, often due to economic necessity and cultural acceptance of extended family living arrangements. In contrast, Nordic countries tend to have lower percentages, with more young adults living independently.
What are the main reasons young people choose to live with their parents?
Young people may live with their parents for various reasons, including economic challenges such as high housing costs and student debt, as well as personal choices like pursuing higher education or saving money for future investments. Additionally, cultural factors play a role, as in some societies, multigenerational living is the norm. The recent economic downturns and job market instability have also contributed to this trend.
Has there been a significant change in the trend of young people living with their parents over the years?
Yes, there has been a notable change over the years. In the United States, for example, the percentage of young adults living with their parents has reached levels not seen since the Great Depression. The trend has been gradually increasing over the past few decades, with significant spikes during economic recessions and most recently during the COVID-19 pandemic, as reported by the Pew Research Center.
What impact does living with parents have on the economic and personal development of young adults?
Living with parents can have both positive and negative impacts on young adults. Economically, it can provide financial relief and the ability to save money. However, it may also delay financial independence and career advancement. On a personal level, it can offer emotional support and stability, but it might also hinder personal growth and delay milestones such as marriage or homeownership, as suggested by various sociological studies.