In a Recovering Market, Homeownership Rates Are Down Sharply for Blacks, Young Adults
Homeownership in America stands at its lowest level in at least 20 years. The decline has been more pronounced among households headed by young adults, blacks and those in the lower income tier.
For First Time in Modern Era, Living With Parents Edges Out Other Living Arrangements for 18- to 34-Year-Olds
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.
More Millennials Living With Family Despite Improved Job Market
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 Changing Profile of Student Borrowers
In 2012, a record 69% of the nation's new college graduates had taken out student loans to finance their education. Graduates from more affluent families are much more likely to borrow today than 20 years ago.
In Post-Recession Era, Young Adults Drive Continuing Rise in Multi-Generational Living
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.
Young Adults, Student Debt and Economic Well-Being
Student debt burdens are weighing on the economic fortunes of today’s young adults. Among the college-educated, those with outstanding student debt are lagging far behind those who are debt free in terms of household wealth.
A Rising Share of Young Adults Live in Their Parents’ Home
In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, the highest share in at least four decades. The number of young adults doing so has risen by 3 million since the start of the start of the recession in 2007, an increase driven by a combination of economic, educational and cultural factors.
A Rise in Wealth for the Wealthy; Declines for the Lower 93%
Young Adults After the Recession: Fewer Homes, Fewer Cars, Less Debt
No Reversal in Decline of Marriage
The number of Americans who recently wed has been declining for years, and 2011 was no exception, according to estimates from the American Community Survey. An estimated 4.2 million Americans were newlyweds in 2011, about the same as in 2010 and sharply lower than in 2008.
