Sat., Aug. 20, 2016
Stay-at-home millennials are a thing
Among the avalanche of studies and statistics that showed up in the Inbox last week was this one: Nationwide, American millennials are more likely to live with their parents than anywhere else, a new study says.
This is particularly true in big cities where housing costs are soaring, and they can’t find apartments because slightly older residents can’t find affordable homes that would allow them to move out of the apartments millennials could occupy. Those with high college and credit card debt are also more likely to stay at home because that’s all they can afford.
The study comes with state-by-state comparison, which shows this is a bigger problem on the East Coast than the Northwest. In Washington, an estimated 26.4 percent of people aged 18-35 were living with their parents in 2014, which is up from 18.2 percent in 2000. That’s higher than Idaho, at 23.6 percent, or Oregon, at 24.1 percent, the study said.