Study: 26-Year-Olds Still Likely to Live With Parents
Rob Warnock, Igor Popov | October 1, 2019
Younger generations are putting off marriage and opting to live with their parents longer. Fifty years ago, 76% of 26-year-olds in the U.S. lived with a spouse. Today, that has dropped to 24%, according to new research from Apartment List. “The rising cost of housing and shifting family dynamics have reconfigured the American household, and trends in who lives together are determining what types of housing will ultimately be available and affordable,” researchers note in the study. Young adults are choosing to live with their parents into their late 20s and early 30s. The trend grew during the Great Recession as the ailing economy and ballooning student debt crisis prompted more young adults to move back home. But the trend hasn’t let up: Young adults are now 46% more likely to live with a parent than in 2007, ATTOM research shows. For those who do branch out on their own, they’re still opting for housing arrangements that are in contrast to generations before them. For example, young adults are 32% more likely to move in with a partner before getting married than in 2007. Also, they are 19% more likely to have a non-family roommate. “Millennials today live in a much more varied range of household types than their predecessors did in young adulthood,” the researchers note.
Source: Apartment List