{"id":194,"date":"2020-10-28T04:06:00","date_gmt":"2020-10-28T04:06:00","guid":{"rendered":"https:\/\/hrnetsourcedemo.com\/blog\/?p=194"},"modified":"2020-10-28T04:08:40","modified_gmt":"2020-10-28T04:08:40","slug":"the-majority-of-young-adults-live-with-their-parents","status":"publish","type":"post","link":"https:\/\/hrnetsourcedemo.com\/blog\/2020\/10\/28\/the-majority-of-young-adults-live-with-their-parents\/","title":{"rendered":"The Majority of Young Adults Live with Their Parents"},"content":{"rendered":"

In July of 2020 the percent of young adults, aged 18-29 years old, living with their parents reached an all-time high of 52%.\u00a0 Although the trend of young adults living at home has been increasing in the past few decades, with COVID-19, it has jumped an extra five percentage points.<\/p>\n

As the chart below from Pew Research (1) indicates, at the turn of the 20th century, the percentage of young adults living at home was in the low 40% range as multi-generational homes were common.\u00a0 That percentage rose during the great depression as families had to further consolidate for economic reasons.<\/p>\n

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\"Livingwithparents_02\"<\/p>\n

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The post-World War II economic and building boom led to more young adults living on their own.\u00a0 That level remained near 30% for several decades and then started to increase, in part because more young adults were living at home during college years.\u00a0 In 2050 only 7% of had a college degree.\u00a0 That increased to 21% in 1990 and to 36% in 2019. (2)<\/p>\n

Also, social norms began to change around 1990 with multi-generational homes losing their stigma.<\/p>\n

A third reason that more young adults are living with their parents is the reduction in the number of middle-income jobs.\u00a0 Without a middle-income (or higher) job, it is financially difficult to live on your own.<\/p>\n

Will young adults move out of their parents\u2019 home after COVID-19?\u00a0 Perhaps not.\u00a0 Anecdotally I have heard that multi-generational homes are becoming more attractive to all age groups.\u00a0 Maybe this is another way that COVID-19 will have a lasting impact on society.<\/p>\n

(1) https:\/\/www.pewresearch.org\/fact-tank\/2020\/09\/04\/a-majority-of-young-adults-in-the-u-s-live-with-their-parents-for-the-first-time-since-the-great-depression\/ft_2020-09-04_livingwithparents_02\/<\/a><\/p>\n

(2) https:\/\/www.statista.com\/statistics\/184272\/educational-attainment-of-college-diploma-or-higher-by-gender\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In July of 2020 the percent of young adults, aged 18-29 years […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[43,36],"tags":[29,33],"_links":{"self":[{"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/posts\/194"}],"collection":[{"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/comments?post=194"}],"version-history":[{"count":3,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/posts\/194\/revisions"}],"predecessor-version":[{"id":198,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/posts\/194\/revisions\/198"}],"wp:attachment":[{"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/media?parent=194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/categories?post=194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/tags?post=194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}