Millennials Staying Home With Parents
Remember when you couldn't wait to grow up and MOVE OUT from under the RULE of your parents?
You wanted your own place so you could call the shots and make your own decisions.
For the first time in 4 decades, all that's changing! Now, more than a third of American millennials are living at home with their parents, according to a Pew Research Center study released Thursday. When the recession began in 2007, 32 percent or 18.5 million of millennials (defined as 18- to 31-year olds) had not left the nest. Today, it is 36 percent, or 21.6 million. According to Pew's analysis of U.S. Census Bureau data, the number of millennials still living at home is the highest percentage in four decades. Researchers this it's because this generation is more likely to go to graduate school and delay marriage, and cites a change in the related social stigma.