Young Adults Postponing Household Formation

With Millennials (ages 18-31) continuing to have problems finding suitable work, 36 percent of them lived in their parents home in 2012, an increase of two percent from 2009, according to the Pew Research Center’s analysis posted in For some 25-30 years, the percentage has hovered around 30 percent, but since the Great Recession the number has been climbing. Some have enrolled in college, and many of those live in their parents’ home to save money; others living at home have postponed major life events such as marriage, which forestalls new household formation. Based on data from the Census Bureau, MHProNews has learned some adult children who are working continue to live at home to save money. Often, they cannot afford to live on their own.

(Photo credit: David Sacks/Getty Images)

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