Financial Issues Top the List of Reasons U.S. Adults Live in Multigenerational Homes
Nearly four-in-ten men ages 25 to 29 now live with older relatives.
Numbers, Facts and Trends Shaping Your World
Nearly four-in-ten men ages 25 to 29 now live with older relatives.
On key economic outcomes, single adults at prime working age increasingly lag behind those who are married or cohabiting
Through both recession and recovery, the share of young adults living in their parents’ home continues to rise. As of 2016, 15% of 25- to 35-year-old Millennials were living in their parents’ home.
For the first time since 1880, Americans ages 18 to 34 are more likely to be living with their parent(s) than in a household shared with a spouse or partner.
Despite improvements in the labor market, Millennials today are less likely to be living independently of their families and establishing their own households than they were in the depths of the Great Recession.
The number of Americans living in multi-generational households, which spiked during the Great Recession, has risen to a record 57 million in 2012, including about one-in-four young adults ages 25-34.
After running up record debt-to-income ratios during the bubble economy of the 2000s, young adults shed substantially more debt than older adults did during the Great Recession and its immediate aftermath—mainly by virtue of owning fewer houses and cars, according to a new Pew Research Center analysis of Federal Reserve Board and other government data. […]
Cohabitation is an increasingly prevalent lifestyle in the United States. The share of 30- to 44-year-olds living as unmarried couples has more than doubled since the mid-1990s. Adults with lower levels of education—without college degrees—are twice as likely to cohabit as those with college degrees.
In the past, when relatively few wives worked, marriage enhanced the economic status of women more than that of men. Recently, however, the economic gains associated with marriage have been greater for men.
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