31% of young adults in the US live in multigenerational households

Of all men and women aged 25 to 29, almost one-third (31%) live in households multiple generations family. Even for those aged 30 to 34, more than a fifth (22%) live with another generation, often a parent.

These numbers are significantly higher than in the past, suggesting that financial stress may be a factor in the decision to move in with an elderly relative.

For the purposes of the survey, multigenerational households include all homes with at least two generations of adults aged 25 or older, or “intermittent generation” homes such as grandparents living with children under 25 years old. 18% of Americans live in multigenerational households that include all age groups, a number that has increased steadily since the 1970s.

Besides, analyzing the data by age yielded some surprising revelations. Among young men aged 25 to 29, up to 37% live in a multi-generational home. Extending the range from 18 to 34 years old, living with parents is the most common form of family for young men, and this has been the case for more than 10 years in the United States.

Women, too, are increasingly living in multigenerational homes, although they are less likely to do so than men. Among 25- to 29-year-olds, more than a quarter (26%) live in multigenerational families.

31% of men and women aged 25 to 29 in the United States live in multigenerational households. (Photo: CNN)

These numbers may seem surprising given the social norms of American society. Often, young people will “leave home” when they graduate from high school, find a job, or go to college. However, as most entry-level jobs now require a college degree, those with only a high school education may have a hard time finding work, a fact that reflects why. number of young people live with parents their majority.

Getting a degree is also not a “panacea”. The cause is college cost has increased rapidly over the past few decades and the burden student loan debt forced graduates to temporarily move in with their parents if they couldn’t find a well-paying job (or a compatible group of roommates to ease financial stress). Although the Pew Research survey did not include young adults living with unrelated roommates of a similar age, such living arrangements have become more common as young people marry. and get married later, often for financial reasons.

The growing amount of debt among young Americans means that even if they can get jobs, wages may not be enough to allow them to become financially independent. A 2017 survey by Pew Research found that while only 5.1% of 25- to 35-year-olds were unemployed, 15% of them were living with their parents, a rate twice as high as in the next generation. their grandparents.

Since 2000, Americans under the age of 40 have accounted for nearly half of the multigenerational household population growth, despite accounting for only 17% of total population growth.

Amount American youth Moving in with older family members increased during the 2008 recession. The economic downturn coupled with the COVID-19 pandemic over the past two years has had a similar impact. In the first few months of the outbreak, 3 million American adults moved back in with their parents, bringing the total to 32 million adults living with a parent or grandparent, a record high. , according to US online real estate market company Zillow.

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