My millennial offspring are NOT living with me.
Young adults aren’t doing much to buck the millennials-live-in-their-parents’-basement stereotype; even an improved job market isn’t prompting them to fly the nest.
New analysis of U.S. Census data by the Pew Research Center reveals that 18- to 34-year olds are less likely to be living on their own today than they were during the Great Recession.
Unemployment among young adults has shrunk from 12.4% in 2010 to 7.7% early 2015, yet the share of millennials living independently has decreased in that time, from 69% in 2010 to 67% this year. The share of young adults living with their parents has increased in that same period from 24% to 26%.
The decline in the number of millennials living away from family reflects the decrease in independent living during the financial crisis. In the first third of this year, approximately 42.2 million millennials lived independently. In 2007 prior to the recession, about…
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