Study: Record Number 21 Million Young Adults Living With Parents

<p>"A record number of young adults are living with their parents.</p>

<p>A new study from Pew Research finds that 36 percent of Millennials – young adults ages 18 to 31 – are living at their parents’ homes, the highest number in four decades. A record 21.6 million young adults were still living at home last year."</p>

<p>Quite a few.</p>

<p>Study:</a> Record Number 21 Million Young Adults Living With Parents « CBS DC</p>

<p>I have two at my house now. One will be going back to school in the fall, and I hope the other will be employed.</p>

<p>So what? American homes have become bigger and more expensive over time. What are my wife and I supposed to do with a 4 bedroom home? As long as my children are studying full time, working, or seriously looking for work, what’s wrong with their being with their parents? In some cultures children commonly live with their parents until marriage, and parents are invited to live with their children when they are old.</p>

<p>Because it shows that millennial can’t get a job that pays well enough to live on their own. That’s kind of a big problem.</p>

<p>I plan to tell them that they need to pay the rent and food three months after graduation from college. You can give the money back to them when they are ready to move out. They need the pressure to earn a living. Go watch the movie “The Company Men”. It is not pretty and will happen again.</p>

<p>Some people inherit their parents’ houses and live there. My dad lived with his parents until they died, but he wasn’t freeloading off them or anything. He still lives in that house.</p>

<p>There are more people aged 18-31 in the US than there have ever been before. Why should someone here be surprised, intrigued, or expecting anything else? And yeah, it raised from 32-36% when people can’t get loans, can’t find jobs, going to closer schools, etc.</p>

<p>We’ve made it clear to S that this is NOT an option. He’d just go back to his usual mode: parked in the recliner, watching cartoons. I’d love to have him living nearby, but not in my house!</p>

<p>

</p>

<p>What if he had a full time job and wanted to save up a little for a downpayment on a house?</p>

<p>My history lived at home for a year after getting his masters degree to pay off his student debt. Doesn’t seem like a bad situation under the circumstances.</p>

<p>My S is a rising senior in college and D headed off as a college freshman in the Fall. We are downsizing and moving to a small condo at the end of August. Just makes sense people.</p>

<p>I really think it depends on the child. I’d be petrified of my oldest moving in with me after college for fear he would literally do nothing, and I’m not sure I’d ever have the emotional wherewithal to kick him out.</p>

<p>I’m hopeful he will have a job when he graduates college, but my plan (in the back of my mind) if he does not is to give him one year’s worth of rent and let him go figure it out from there . . .</p>

<p>The message we’ve given him pretty clearly though is that moving back home after college is not an option. Once my youngest is in college, I’m planning to seriously downsize as well - - so it probably won’t be appealing in the least.</p>

<p>With over a $trillion in student-loan debt, something had to give . . . the apartment.</p>

<p>Exactly! We will still have 3 bedrooms - but nothing as lavish as they had grown accustomed to. Not much incentive for them to move back.</p>

<p>Our 18-year-old is saving up for a gap year trip. He is welcome to stay here until he leaves, late September. After that, he’s on his own, unless he decides to go back to school full time. He has a full-time job, but he missed two days week before last, one day last week, and he called in sick again today. He doesn’t seem to “get it” that he won’t have a job long at this rate. We’re hoping his boss just reams him out instead of firing him.</p>

<p>Our 21-year-old’s mental illness does not make it possible for him to work at this point, so he’s living at home. We’re just trying to get him through college in six years or so. We applied for SSI and Social Security for him. He is not eligible for SSI because he has a 529 account in his name. He doesn’t qualify for Social Security because he’s never held a job. I worry about him a lot. It’s ironic, because he was the over-achiever I never worried about until he got sick when he went off to college.</p>

<p>They might have to fight the grandparents for those empty bedrooms. Many parents of older kids are now facing taking care of or at least providing a home for their aging parents who lack enough income to live independently. I know many around my age who have an older parent now living with them.</p>

<p>

</p>

<p>Would you send a child that was so lacking in initiative away to college and expect that he gets something out of it?</p>

<p>Sorry to hear about your 21 year-old MainLonghorn. Of course, there are certain situations where it just makes sense to let a kid stay. I’m just saying that that is NOT my “going in” position!</p>

<p>Yes, I agree with you, Kennedy!</p>

<p>No way is my kid ever moving back home unless something unforeseen happens (like in Maine Longhorn’s son’s case.) If he doesn’t have a job before he graduates he has to pick a big city to move to and look for a job there. I don’t even care if all he can get straight off is a minimum wage job while he looks. We will happily subsidize his living expenses for as long as it takes.</p>