US News AND WORLD REPORT (18-32)
More than a 5th of millenials have yet to move out
A recent report from real estate hub Zillow estimated nearly 10 million Americans between the ages of 24 and 34 – about 21.4 percent of that age group – still lived with their parents in 2014, based on an analysis of the most recent data from the Census Bureau. That’s up significantly from the 13.1 percent seen as recently as 2005.
About 14.1 percent of 24- to 34-year-olds living at home were unemployed in 2014, and the majority of those who haven’t moved out yet (about 55 percent) were male.
“With today’s high rents and lagging income growth, many young people are having trouble setting aside enough money to buy their own home, delaying home ownership,” Svenja Gudell, Zillow’s chief economist, said in a statement last week.
Going into the year 2017. According to recent polls, as much as 67% of American young adults have failed to leave their parent’s home.
The oldest post-Millennials are less likely than their predecessors to be in the labor force. Only 58% of today’s 18- to 21-year-olds worked in the prior calendar year; this compares with 72% of Millennial 18- to 21-year-olds in 2002. And employment among post-Millennials is less likely to be full-time compared with earlier generations. This is likely due, in large part, to the fact that these young adults are more likely than their predecessors to be enrolled in college.