Millennials slow to move away from parents
By Ricardo Lopez, Los Angeles Times
They aren’t leaving the nest.
More than one-third of millennials still live with their parents, the highest share in their age group in at least 40 years, according to a Pew Research Center analysis released Thursday.
Last year, a record 21.6 million adults ages 18-31 lived in their parents’ homes, Pew said. That’s up from 18.5 million in 2007.
The reasons why millennials are living with their parents vary, Pew said. It’s a combination of economic, educational and cultural factors.
But one striking detail shows that men are more likely than women to still be living with their parents, according to Thursday’s analysis.