Miillennials | Source: iStock
In 2014,
Americans 18 to 34 years old were a little bit likelier to be living in
their parents’ home than with a spouse or partner in their own
household, according to a Pew Research Center analysis of U.S. Census Bureau data, released on Tuesday. It’s the first time that has happened in the modern era.
Young
men have long been more likely than their female counterparts to be
roommates with mom and/or dad. The share of young men living in their
parents’ homes most recently surpassed the share living with partners in
their own households in 2009,but as of 2014, the crossover still hadn’t
occurred for young women.
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Still,
the proportions of both male and female 18- to 34-year-olds living at
home are high—35 percent for the men, 29 percent for the women—and have
grown in recent years, while the shares of those living with partners
have plummeted.
A similar
story emerges when the data are broken down by education. Young adults
without bachelor’s degrees are more likely to live in their parents’
homes, which in 2008 became more common than residing with partners did.
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By
ethnicity, living with parents overtook living with a spouse or
unmarried partner in 1980 for young blacks, in 2007 for young American
Indians/Alaska natives, and in 2011 for young Hispanics. Young whites
and Asians/Pacific Islanders were still more likely to live with
partners in 2014.
“Trends
in living arrangements for specific groups of young adults indicate
that the crossover is being driven by the experiences of more
economically disadvantaged young adults, specifically, less-educated
young adults and some racial and ethnic minorities,” the report says.
Indeed,
while the overall proportion of 18- to 34-year-olds living with their
parents didn’t peak in 2014—that occurred around 1940—the shares of
young blacks and Hispanics (as well as young people without high school
degrees) living with parents were at their highest in recorded history.
What
accounts for this meeting of trend lines—the recent rise in the
percentage of young adults living with parents and the decline in those
living with spouses or unmarried partners?
The increase in the median age at first marriage
for both men and women plays a big part. Another likely (and related)
factor is the decline over the last several decades in both the share of
employed young men and the level of their wages. The picture isn’t
quite as clear for young women, who have seen their labor-market
prospects improve, but those struggling young men may not be the most
appealing partners.
The report also notes that “initially in the
wake of the recession, college enrollments expanded, boosting the ranks
of young adults living at home. And given the weak job opportunities
facing young adults, living at home was part of the private safety net
helping young adults to weather the economic storm.”But “both the upswing in living with mom and dad and the decline in young adults partnering in their own household” have been “decades in the making,” said Richard Fry, the report’s author.
Jed Kolko, a senior fellow at the Terner Center for Housing Innovation at the University of California-Berkeley (who consults for Bloomberg Beta), has also looked at
data on young Americans living with their parents over the last couple
of decades. Though the data in the recent report go only through 2014,
both Kolko and Fry observed that the share of young adults living with
parents hasn’t declined more recently. Kolko did
note that “the increase in rents since the recession has made it harder
for some young people to move out of their parents’ homes.”
So while it’s fun to deal in superlatives—the first time in the modern era!—these
seem to be long-term shifts, not hordes of recession-wary millennials
suddenly dashing from the altar to their parents’ basements. In fact, if
you go back far enough, one shift doesn’t even look that shifty. The
share of young adults living in their parents’ home was almost exactly
the same in 1900 as it was in 2014.
“If we look back over the last century, we can see that the rush out of the parental home was a post-World War II phenomenon,” wrote Richard Settersten of Oregon State University in a 2014 Washington Post article.
Millennials and their parents may also simply be more comfortable with living together. Jeffrey Jensen Arnett, a research professor of psychology at Clark University who studies “emerging adulthood,”
said that during 20 years of researching this, he has seen “an
increasing acceptance that it takes longer to grow up than it used to,”
adding that there’s now less stigma attached to remaining at home with
one’s parents.
“There’s a lot
of good will between parents and children in this generation,” Arnett
said, adding that “boomers have succeeded in having these relationships
with their children, that by the time they’re in their twenties, it is
almost like a friendship. It will never be quite like a friendship, but
it’s a lot closer to that than it was in previous generations.”
Arnett
admires “that they have this kind of support from their parents” and
their parents “can have this kind of close relationship before the
emerging adults go off for the last time.”
Culled from Bloomberg.com
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