Nearly one in three millennials still live at home with their parents, according to the U.S. Census Bureau, which analyzed troves of data to determine how drastically young adults’ lifestyles have changed since the 1970s.
Ultimately, the research said that due to heaping amounts of debt (Americans’ student loan debt exceeds $1 trillion), today’s young people have been forced to postpone life’s major milestones in order to keep up financially. Since the average millennial salary amounts to a measly $13 per hour, it’s easy to recognize the cause of the struggle.
In 1975, almost 60 percent of young adults ages 18 to 34 lived with a spouse, while less than half of that—26 percent—lived with their parents. Today, only 27 percent of young adults live with a spouse; the latter statistic has jumped to 31 percent. This increase, though seemingly subtle at five percent, is enough to make “living at home” today’s most common living situation among young Americans.
The report also found that cohabiting with an unmarried partner has become more commonplace, as weddings are a luxury millennials simply can’t afford. In 1974, only one percent of young adults lived with an unmarried partner. Today, 12 percent do.
Researchers suggest may be because millennials are finding love later in life, therefore struggling longer as a single person trying to make ends meet on a single income. In other words, purchasing a home on a single income is not a goal; it’s a fantasy.
“In 1995, women had a 59 percent chance of marrying by the age of 25. As of 2010, they had a 44 percent chance, a decline of 15 percentage points in just 15 years,” the Bureau reports. “Nonetheless, their chances of marrying by the age of 40 barely budged across the same period, from an 86 percent chance to an 84 percent chance.”
However, the amount of young adults living with their folks varies greatly by state. For example, millennials in North Dakota had the smallest percent (14 percent) and New Jersey had the highest percentage (47 percent). As Business Insider reports, “In general, living at home was more common in the South and the Northeast, while states in the middle of the country saw lower rates.”
Business Insider also broke down the Bureau’s information on the proportions of adults living with their parents by state into a handy map.