32 Percent Of Young Americans Live at Home With Parents, Study Shows
Many of America’s young adults appear to be in no hurry to move out of their old bedrooms.
For the first time on record, living with parents is now the most common arrangement for people ages 18 to 34, an analysis of census data by the Pew Research Center has found.
And the proportion of older millennials — those ages 25 to 34 — who are living at home has reached its highest point (19 percent) on record, Pew analysts said.
Nearly one-third of all millennials live with their parents, slightly more than the proportion who live with a spouse or partner. It’s the first time that living at home has outpaced living with a spouse for this age group since such record-keeping began in 1880.
The remaining young adults are living alone, with other relatives, in college dorms, as roommates or under other circumstances.
The sharp shift reflects a long-running decline in marriage, amplified by the economic upheavals of the Great Recession. The trend has been particularly evident among Americans who lack a college degree.
The pattern may be a contributing factor in the sluggish growth of the U.S. economy, which depends heavily on consumer spending. With more young people living with their parents rather than on their own, fewer people need to buy appliances, furniture or cable subscriptions. The recovery from the 2008-09 recession has been hobbled by historically low levels of home construction and home ownership.
Jennifer Post, 26, has been living with her parents in Villas, New Jersey, since dropping out of law school two years ago.
A law career wasn’t a good fit for her, Post decided, and now she’s seeking a job in digital media or marketing. There aren’t many opportunities in Villas, a beach town.
Even living at home, she said it’s been hard to save for a move to a bigger city after she was laid off from a baking job in March.
Post spends her days on her laptop, sending resumes and refreshing LinkedIn and other job sites. To her parents, it looks as though she’s slacking off.
“It’s definitely a generation gap,” she said. “I think they literally think I just sit down and watch Netflix all day.”
As recently as 2000, nearly 43 percent of young adults ages 18 to 34 were married or living with a partner. By 2014, that proportion was just 31.6 percent.
In 2000, only 23 percent of young adults were living with parents. In 2014, the figure reached 32.1 percent.
The proportion of young adults living with their parents is similar to the proportions that prevailed from 1880 through 1940, when the figure peaked, Pew found. Yet in those decades, the most common arrangement for young adults was living with a spouse rather than with parents.
“We’ve simply got a lot more singles,” said Richard Fry, lead author of the report and a senior economist at Pew. “They’re the group much more likely to live with their parents.”
The typical U.S. woman now marries at 27.1 years old, the typical man at 29.2, according to census data. That’s up from record lows of 20.1 for women and 22.5 for men in 1956.
“They’re concentrating more on school, careers and work and less focused on forming new families, spouses or partners and children,” Fry said.
The shift may also be disrupting the housing market. One mystery that’s confounded analysts is why there aren’t more homes for sale. The lack of available houses has driven up prices and made it less affordable for many would-be purchasers to buy.
Nela Richardson, chief economist at real estate brokerage Redfin, says one explanation for the sparse supply is that many baby boomers aren’t able to sell their family homes and downsize for retirement because they still have adult children living with them. Redfin surveyed homeowners ages 55 to 64 and found that one-fifth still have adult children at home.
“It’s having a big effect on the housing market,” Richardson said.
Among young men, declining employment and falling wages are another factor keeping many 18-to-34-year-olds unmarried, Fry said. The share of young men with jobs fell to 71 percent in 2014 from 84 percent in 1960 — the year when the proportion of young adults living outside the home peaked.
Incomes have fallen, too: Wages, adjusted for inflation, plunged 34 percent for the typical young man from 2000 to 2014.
Other factors contributing to more millennials living with parents range from rising apartment rents to heavy student-debt loads to longer periods in college.
Many analysts had expected that as the economy improved, younger adults would increasingly move out on their own. That hasn’t happened. Jed Kolko, a senior fellow at the Terner Center for Housing Innovation at the University of California, Berkeley, says soaring rents are discouraging some from leaving their parents’ homes.
Kolko’s research has found that the share of young adults living with parents in the first quarter of 2016 was essentially unchanged from two years earlier.
Median rents nationwide were surging at a 6 percent annual pace as recently as August, though they have slowed since. In fast-growing cities like San Francisco, Denver, and Portland, Oregon, rents rose last year at a double-digit pace.
Heavier student debt loads have sent more young people back to their parents’ nests, according to research by economists at the Federal Reserve Bank of New York.
Other economists aren’t convinced that student debt plays a dominant role. They note that the proportion of young adults without college degrees who live with parents is especially high: Nearly 39 percent of those with only a high school degree were living with a parent in 2014, up from around 26 percent in 2000.
That compares with just 19 percent of young adult college grads living at home in 2014. That figure, though, is up sharply from 11 percent in 2000.
Still, economists say most millennials appear to be delaying, rather than avoiding, marriage.
Casey Marshella moved back in with her parents in Fairfield, Connecticut, after graduating from Boston University last year. Just this week, she moved into an apartment with her sister. Within weeks, she and a friend — who also lives with her parents — expect to find their own place.
Marshella, 22, says living at home has helped her save money from her job as a human resources specialist. Because many people her age share the same circumstances, most sympathize with her.
Still, Marshella says their first question is usually, “So when are you planning on moving out?”
Renters in Los Angeles and San Francisco are Paying $1200 a Month for a Bunk Bed in a Shared Space
Would you pay $1200 a month for a bunk bed in a shared space? Renters in Los Angeles and San Francisco are opting for pods in communal home with a desk, locker and personal TV
With the cost of rent continuing to rise, some Americans are taking unusual measures to find a place to sleep.
In Los Angeles and San Francisco, where prices are particularly exorbitant, people have taken to renting bunk beds in communal homes.
PodShare, which provides 10 to 15 co-ed bunkbeds in six locations across California, is hoping to help solve the affordable housing crisis.
The beds can be rented from $35 to $50 a night, which amounts to between $1,050 and $1500 for one month.
It’s no secret that housing prices have rapidly spiked over the last decade and incomes have not kept up
One 2018 study published found that only about one-third of millennials currently own homes.
This is fewer than the number of Generation Xers and baby boomers who owned homes when they were the same age.
And a study conducted by Harvard University this year found that one-in-three Americans can’t afford to pay rent.
It’s unsurprising considering that, in cities such as San Francisco, the average rent for an apartment is about $3,900.
But for $1,200, if you rent with PodShare everyone gets a bed that turns into a desk, individual power outlets, a locker, a shelf and a personal TV.
Each location also provides a communal living room, food such as cereal, toiletries such as toilet paper, laundry machines and WiFi access, reported CNN.
Tenants are known as ‘pod-estrians’.
Although the set-up may seem like an adult dormitory or a hostel, the company uses the term ‘co-living’.
‘PodShare makes life more affordable because there is no security deposit or cost of furnishings and we provide flexible living,’ co-founder Elvina Beck told Vice in 2016.
‘Pod life is the future for singles which are not looking to settle down, but focus on their startups and experience something new.’
There are no curtains to close off the beds, and the only doors are to the bathroom, reported Time Out Los Angeles.
Although there’s no privacy, pod-residents are willing to exchange that for affordability or a reduced travel time to work.
Beck, 34, told CNN that she founded the company in 2012 because she wanted to meet new people and provide housing security to others.
‘Maybe they don’t have two months’ rent to put down or they don’t have proof of income,’ she said.
‘Whether it’s from a divorce or their family kicked them out for being gay or because they’re in a different country or a different city.’
She told CNN that, when she began PodShare, most residents were between ages 24 and 30. Today, however, most ‘tenants’ are in their late 20s or early 30s.
Additionally, many of the early residents were young adults who had just moved to a new city. But many new residents are older adults and even those traveling on business.
However, there some rules that people are required to follow. Lights have to be off by 10pm, no guests are allowed and tenants can’t have sex.
‘You can’t invite any friends over,’ Beck told CNN. ‘Sorry. Just make new ones here.’
Caretaker Ties a Wheelchair-Bound Pensioner to a Tree by The Neck
Shocking footage of a wheelchair-bound pensioner being tied to a tree by the neck by a caretaker has sparked controversy in China.
The caretaker claimed to have no other way but to bind her frail client with a rope because she had to rush back home to deal with family emergency.
Furious onlookers demanded the caretaker free the pensioner immediately. The domestic worker defended her act by calling the incident ‘no big deal’.
The video was reportedly shot in Beijing recently, according to local news outlet Btime.com.
Related: Killer Snatched Girl, 11, Suffocated Her Then Dumped Corpse in Sewer
The pensioner appeared extremely distressed throughout the video and could not speak clearly.
One angry male passer-by accused the caretaker: ‘How would you feel if your daughter treated you like this?’
He criticised the caretaker and said she should bring the pensioner with her.
The caretaker replied: ‘[If I had] pushed her back, she would tell [on me].’
Another female bystander pointed out that the pensioner neck had turned red because of the rough treatment.
After being lambasted by eyewitnesses, the caretaker untied the pensioner and pushed her away.
Authority said the clip had been uploaded onto the social media by residents in a neighbourhood called Nanyuan on the outskirts of southern Beijing.
But they had not been able to identify the exact location of the incident or track down the individuals involved.
Police have been alerted of the video and launched an investigation, according to Beijing Evening News.
Comforting Shelter Dogs During Fireworks Is The New Independence Day Tradition
“Calming the Canines,” at Maricopa County Animal Care and Control (MCACC), is a new Independence Day tradition.
Last year, over 300 people from the community showed up at the shelter’s two locations around Phoenix, Arizona.
It was overwhelming to see how the community responded. It really helped spread our message that MCACC is here to help.
Amy Engel, who attended Calming the Canines last year said that she definitely plans on attending this year, too.
Engel wrote about her experience last year
Some people sang to them, some people read to them, some people just sat there and gave treats! It was so, so awesome because the dogs absolutely love the attention and were focused on the people and not the fireworks going on outside.
Many participants developed lasting relationships with the shelter, returning to provide foster care, adopt a pet or volunteer.
The shelter suggests people to bring blankets to sit on, or folding chairs, and to let the dog or cat approach them to sit calmly and quietly.
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