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Is your last child getting ready to leave the nest? Are you getting lonely thinking about your empty house? Never fear: There's apparently a pretty good chance one or more of your adult children will move back in with you at some point. A Pew Research Center analysis of US Census Bureau data finds that last year, 36.4% of women from age 18 to age 34 lived with their parents or relatives.
Interesting. Saw a piece on this last night on the PBS News Hour. One thing that jumped out at me was that although the rate is now at an all time high, the low (which I think they said was during the Great Depression), was over 25% as well, so this has always been a phenomenon.
Last edited by Texas Ag 93; 11-12-2015 at 06:03 AM..
I've told my kids that they're welcome to live in my house after college, until they save up for a down payment on a house of their own or get married. I think it's sensible for them to start their adult lives with as little debt as possible, so why not live in my house and build up some savings? Besides, then they'll be there to feed the pets while hubby and I are traveling
Could have something to do with poverty and unemployment.....decent paying jobs being shipped overseas.
This was brought up during the interview with the study author and he pointed out the fact that the unemployment rate is around 5%, which is quite low. But, they did conclude that real or perceived fears young people have about job stability and wages keeping up with living expenses were a factor, which is kind of touched on above.
The other two factors he cited were:
1. (Most important) Average age of marriage is increasing for both women and men. Once couples marry, they very rarely live with parents anymore. With marriage deferred, they are at home longer.
2. Increased number of immigrants in the U.S., especially from cultures where multigenerational families under the same room are the norm.
I don't see it as a problem. Houses are bigger than ever on average. If my soon to be adult children want/need to live at home, and it helps them forward their life's goals, regarding their career or eventual home purchase, then I'm all for it.
On the other hand, if living with me retards their growth and they are becoming lazy, then I will have a problem with it, and there would have to be discussions.
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