Pew: Young Americans living with parents at 'highest rate since great depression'

Before you go, we thought you'd like these...
Before you go close icon

 Pew: Young Americans Living With Parents At 'Highest Rate Since Great Depression'

For decades, it was the norm for young adults to leave their parents' homes and establish their own households, typically with romantic partners, reports the Wall Street Journal.

According to a recent Pew Research Center study, that is no longer the case.

SEE ALSO: 5 ways to have fun on a budget this Memorial Day Weekend

A review of census data revealed that in 2014 about 32% of Americans between the ages of 18 and 34 lived with their parents, the highest share since around 1940.

36% have sought other housing arrangements, but tend to live either alone or with roommates, notes CBS News.

Those who are cohabitating with spouses and domestic partners are at 31.5%.

While tough economic times are certainly a factor in the changing residential patterns of America's youth, there are social transitions at play as well.

According to Richard Fry, a senior researcher at Pew, people just aren't starting families at a young age like they used to.

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