According to an analysis of Census Bureau data, the number of young women still living with parents or relatives has reached its highest number since records have been kept. Dr. Richard Fry, an economist with the Pew Research Center found that 36.4 percent of women ages 18 to 34 lived with their family in 2014, topping the previous peak of 36.2 percent in 1940. Young men are even more likely to stay at home (at 42.8%) but that number was higher in 1940, when 47.5 percent of young men still lived with their family.
Reasons why these so-called “Millennial” women are extending their stay at home are cultural (with people marrying later, higher college attendance and a more diverse population) as well as economic (with rising student debt and high rents). Nevertheless, the recession hitting young adults hard can’t be the only explanation, according to Dr Fry. “I’m still struggling with the economic explanation,” he told the New York Times, “since the labor market for young adults has improved in the last five years, and yet the percentage living with their family is still going up. It seems to be somewhat decoupled from economics.”
Nevertheless, he notes that, despite not having research to back this up, “one does hear that the social acceptance of living with your parents has increased.”
Read the full story at The New York Times.
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