zerohedge.com / by Tyler Durden / Apr 20, 2017
Just a few short decades ago America’s youth was highly encouraged by eager parents to become self-sufficient by the ripe old age of 18. Today, the mere suggestion of such a thing could land unsuspecting parents in prison for ‘triggering’ their offspring with malicious ‘hate speech.’
And, as a new study from the Census Bureau points out today, the changing dynamics are readily apparent in the latest household survey data which shows that more millennials are living at home with mom today than any other living arrangement. Here are some of the key takeaways:
- More young people today live in their parents’ home than in any other arrangement: 1 in 3 young people, or about 24 million 18- to 34-year-olds, lived in their parents’ home in 2015.
- In 2005, the majority of young adults lived independently in their own household, which was the predominant living arrangement in 35 states. A decade later, by 2015, the number of states where the majority of young people lived independently fell to just six.
- Most of today’s Americans believe that educational and economic accomplishments are extremely important milestones of adulthood. In contrast, marriage and parenthood rank low: over half of Americans believe that marrying and having children are not very important in order to become an adult.
- Young people are delaying marriage, but most still eventually tie the knot. In the 1970s, 8 in 10 people married by the time they turned 30. Today, not until the age of 45 have 8 in 10 people married.
- More young men are falling to the bottom of the income ladder. In 1975, only 25 percent of men, aged 25 to 34, had incomes of less than $30,000 per year. By 2016, that share rose to 41 percent of young men. (Incomes for both years are in 2015 dollars.)
- Between 1975 and 2016, the share of young women who were homemakers fell from 43 percent to 14 percent of all women aged 25 to 34.
- Of young people living in their parents’ home, 1 in 4 are idle, that is they neither go to school nor work. This figure represents about 2.2 million 25- to 34-year-olds.