Pew Research Center report - millennials break another record

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For the first time in modern history, more 18-to-34-year-olds live with their parents than in any other living arrangement, according to a Pew Research Center report.

Since 1880, when the Census Bureau started keeping track, the most common arrangement for young people had been to live with a spouse or a significant other.

The trend is led by young men. While they have always lived with their parents in greater numbers than young women, this has been their dominant housing arrangement since 2009. In 2014, 35 percent lived with parents.




https://www.washingtonpost.com/local/social-issues/young-people-more-likely-to-live-with-parents-now-than-any-time-in-modern-history/2016/05/24/9ad6f564-2117-11e6-9e7f-57890b612299_story.html?wpmm=1&wpisrc=nl_draw2
 
As a new FiveThirtyEight analysis by Ben Casselman points out, the economy is not responsible for boomerangers moving back in with their Baby Boomer parents.

If the economy was directly to blame for the trend, then we would be seeing more millennials move out of the nest lately, what with the economy recovering and unemployment dropping for years. Instead, the percentage of millennials living with their parents has continued to rise, recently reaching the highest rate since 1940. The latest report noted that more millennials live with their parents than a spouse or partner.

“The recession wasn’t what led millennials to move back into their old bedrooms,” Casselman explains.

Since millennials seem to get along better with their parents than previous generations, continuing on with mom and dad as roommates not only makes financial sense, it can be pretty awesome, many members of Gen Y maintain.



http://time.com/money/4350546/why-millennials-live-with-parents-economy/
 
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