The Economy Keeps Getting Better, but Young Adults Keep Living With Mom and Dad

The Economy Keeps Getting Better, but Young Adults Keep Living With Mom and Dad

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(Slate) – Earlier this spring, there seemed to be signs that young adults were finally shaking off the effects of our long-ago recession and moving out from their parents’ basements. Namely, the pace of U.S. household formation was speeding up, which is generally a sign that twentysomethings are setting off on their own.

But maybe not so much. Today, the Pew Research Center is out with a new analysis of census data suggesting that young adults haven’t really changed their ways. The job market might be getting better by the month, but millennials are still very much living at home.

First, the very big picture. Since 2010, unemployment among 18-to-34-year-olds has fallen significantly. And yet the fraction of that group living independently, meaning not with a parent or relative, has also declined.

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