It’s no surprise that many millennials still live with their parents. It’s hard to find jobs today – even with a college degree – and living ain’t cheap. Yet a new study revealed that for the first time in 130 years, 18-34-year-olds are choosing to stay at home longer than ever before.
Although jobs and student loan debt are partially to blame, the main reason is because people are choosing to settle down romantically later in life. Cohabitating with a spouse or significant other peaked in the 1960’s at more than 62%. Today that number dropped to just 31.6%, with 32.1 percent living at home. In other words, more people are nesting with their parents than fleeing the nest for the first time in over a century- whether your parents like it or not.
In addition, males in particular are more likely to stay home than females. Am I surprised by this, though? Hardly.
Jeffrey Jensen Arnett, a research professor of psychology at Clark University calls this the “emerging adulthood” phase and told Broadly that it’s really just a continuation of a pattern that’s been in the works for quite some time now. “It’s a consequence of other trends that have been going on for decades,” he said.
These “other trends” include the rise in marriage age, the decline of jobs that don’t require a college degree, plus the tendency of young adults to prolong their college educations and get more degrees.
Way to go, kids! At least if we’re staying at home longer, we’re getting smarter too. Take THAT, baby boomers. We’re not that lazy after all.
For a full list of stats, head to the Pew Research Center.