More women are staying home with mom and dad

Before you go, we thought you'd like these...
Before you go close icon
Dr. Drew: Why It's Okay for Parents to Let Their Adult Kids Live at Home


Young women are living at home with their parents or relatives at a higher rate than they have in more than 70 years, according to the Pew Research Center.

The center's analysis of Census Bureau data revealed that 36.4 percent of women between 18 and 34 years old lived with relatives in 2014. That number trumps even the rate in 1940, when 36.2 percent of women lived with their parents.

SEE ALSO: This simple formula will tell you what to pay every employee

While a larger percentage of men in the same age group also live with family members, the percentage hasn't yet eclipsed its mark from 1940.

The reasons for grown children staying at home aren't the same as they were three-quarters of a century ago, though. Back then, young women often lived with their parents until they got married. But in recent years, with many people delaying marriage and the economy recovering from the Great Recession, the rates of those living at home have increased.

Notably, women today also are far more likely to be enrolled in college than in previous decades, and college students – even those enrolled part-time or at a community college – are significantly more likely to live with family than those who are not in school, according to Pew. That means the increasing costs of a higher education may also play a role, with students opting to stay at home to save money.

More from US News:
10 Diverse MBA Programs
Joe's Crab Shack Eliminates Tipping
3 College Savings Strategies for Parents Nearing Retirement

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners