More 18-34 YOs live with their parents than not. 1st time in 130 years.

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Live with your parents, again? Chances are you’re not lazy, nor a loser, nor any other stigma that might be hovering in your subconscious due to cultural stereotyping—you’re just a normal millennial responding to the economic realities of the age. For the first time in 130 years, more Americans between ages 18-34 are living with their parents than in any other living situation. That is according to an analysis by the Pew Research Center published May 24. The study is based on national census data from 2014. The analysis notes that 2014 didn’t represent a record high number of young adults living with their parents—”this arrangement peaked around 1940, when about 35 percent of the nation’s 18- to 34-year-olds lived with mom and/or dad (compared with 32 percent in 2014). What has changed, instead, is the relative share adopting different ways of living in early adulthood, with the decline of romantic coupling pushing living at home to the top of a much less uniform list of living arrangements.” The analysis explains that by 2014, “31.6 percent of young adults were living with a spouse or partner in their own household, below the share living in the home of their parent(s) (32.1 percent). Some 14 percent of young adults were heading up a household in which they lived alone, were a single parent or lived with one or more roommates. The remaining 22 percent lived in the home of another family member (such as a grandparent, in-law or sibling), a non-relative, or in group quarters (college dormitories fall into this category).”

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Rents have never taken up this much of the American paycheck. Mortgage prices have remained relatively stable over the last several years, while rent has skyrocketed. A Bloomberg article points out that the cost of homeownership is actually at a historic low, while the rate of homeownership is also lower than it has been in years. With home ownership is at its lowest rate in five years, apartment living has become increasingly competitive and some landlords appear to be taking advantage of the situation.

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’d argue the various trends are interconnected. If, for instance, you’ve gone to college only to accrue heaping debt, can’t find a job in a related field, the job you do have pays less than a living wage ($15/hour), and you can’t afford to live on your own because rents are worse than ever and you've got nothing saved up for a down payment on a house—then you're probably less than inspired to settle down nuclear-style and raise some kids behind a picket fence. Think about it.

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