MortgageReverse

Census: Recession Keeps Young Adults Living With Senior Parents Longer

Nests are taking longer to get empty as the number of young adults living with their parents increased between 2005 and 2011, U.S. Census Bureau data shows, with about 15% more 25- to 34-year-olds staying at home.

The percentage of men in that age group who remained living in their parent’s homes rose from 14% in 2005 to 19% in 2011, and from 8% to 10% for females during that same period. These statistics come from America’s Families and Living Arrangements: 2011.

“The increase in 25 to 34 year olds living in their parents’ home began before the recent recession, and has continued beyond it,” said the author, Rose Kreider, a family demographer with the Fertility and Family Statistics Branch.

In a similar trend, 59% of men age 18 to 24, and 50% of women that age were shown to reside with their parents in 2011, up from 53% and 46%, respectively, in 2005. However, the Census Bureau notes that these figures encompass young adults in college who live in dormitories.

Other study findings include a rise in the number of one-person households, from 13% in 1960 to 28% in 2011. While this has been an overall upward trend, the percentage of one-person households decreased from 2008 to 2010.

While most children under age 18, at 96%, lived with at least one parent, 57% of those who didn’t live with their parents lived instead with at least one grandparent. In 2011, 10% of children under age 18 lived with at least one grandparent, but most of these, at 78%, also lived with at least one parent.

Written by Alyssa Gerace

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

Latest Articles

Building stronger communities: A blueprint for a community-centric business 

At VRM Mortgage Services, we have embraced a community-centric approach by tailoring services to clients’ needs, building local expertise, and supporting charitable initiatives. This approach enhances brand reputation, increases customer loyalty, and drives sustainable business growth.

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please