COLUMBUS, Ohio – Aug. 9, 2012 – A report by Ohio State University sociology professor Zhenchao Qian for the US2010 Project shows that the number of young U.S. adults between the ages of 20 and 34 living with their parents rose to 24 percent during the recent recession in 2007-2009. That’s an increase from 17 percent in 1980.
The jump was even bigger – to 43 percent from 32 percent – among those younger than 25.
The trend can be attributed to a 12 percent unemployment rate among young adults, high student debt levels, delayed marriage and divorce. While the percentage of young adults with graduate degrees who live with their parents held steady at 8 percent, the report indicates a gain among young adults with only a high school diploma from 29 percent in 2009 to 18 percent in 1980.
While some young adults live with their parents for financial reasons, Sally Koslow, author of “Slouching Toward Adulthood: Observations From the Not-So-Empty Nest,” says lifestyle reasons also play a role.
“They don’t have to pay and have access to a full refrigerator,” she says.
Qian found that men are more likely than women to live with their parents, and that the metro areas with the highest percentage of young adults living with their parents were Bridgeport-Stamford-Norwalk, Conn. (34 percent), New York (30 percent) and Los Angeles (28 percent).
Additionally, non-Hispanic whites were less likely than those of other races to live with their families, with 24 percent of Hispanics, 26 percent of Asians, 27 percent of blacks, and 30 percent of Native Americans doing so.
Source: USA Today (08/01/12) P. 1A; El Nasser, Haya
© Copyright 2012 INFORMATION, INC. Bethesda, MD (301) 215-4688