More millennials are living at home with their parents
The Census Bureau yesterday released a study, "The Changing Economics and Demographics of Young Adulthood From 1975-2016," concluding that today's 18-to-34-year-olds "look different from prior generations in almost every regard: how much education they have, their work experiences, when they start a family":
- "Young people are delaying marriage, but most still eventually tie the knot. In the 1970s, 8 in 10 people married by the time they turned 30. Today, not until the age of 45 have 8 in 10 people married."
- "More young men are falling to the bottom of the income ladder. In 1975, 25% of young men ages 25 to 34 had incomes of less than $30,000 per year. By 2016, that share rose to 41% ... (incomes for both years are in 2015 dollars)."
- "Between 1975 and 2016, the share of young women who were homemakers fell from 43 percent to 14 percent of all women ages 25 to 34."
- More than one-third of adults live at home with their parents: 34% in 2015 vs. 26% in 2005.