https://audioboom.com/posts/5890148-more-millennials-are-living-at-home
According to Business Insider, nearly one in three millennials live in their parents’ house. The US Census Bureau released a study on how young adults have changed over the past 40 years.
In 1975, a 57% majority of young adults aged 18-34 lived with a spouse, while just 26% of adults lived in their parents’ home. In 2016, only 27% of young adults lived with a spouse, while the proportion of 18-34 year olds living with their parents went up to 31%, becoming the most common living situation.
The report also noted that cohabitating with an unmarried partner has become much more common over the last few decades. In 1975, only around 1% of 18-34 year olds lived with an unmarried partner, while 12% of young adults were cohabitating in 2016.
Millennials haven’t given up on the traditional milestones of adulthood; they’ve just delayed them. For example, the authors of the report wrote on the topic of marriage, “In 1995, women had a 59 percent chance of marrying by the age of 25. As of 2010, they had a 44 percent chance, a decline of 15 percentage points in just 15 years. Nonetheless, their chances of marrying by the age of 40 barely budged across the same period, from an 86 percent chance to an 84 percent chance.”
Both Big John and Ray assume that their children who are millenials will be living inside their houses for a very, very long time.
