Millennials more likely to stay with parents - WNEM TV 5

Millennials more likely to stay with parents

Posted: Updated:
Stock photo Stock photo
SAGINAW COUNTY, MI (WNEM) -

For the first time in modern history young adults are more likely to live with a parent than with a romantic partner.

New research shows millennials are one of the slowest generations to marry and set up their own households.

"It's harder on the kids now," said David Gonzales, parent.

He wasn't surprised to hear about the trend. Gonzales has a daughter who is living with him.

"I would still be able to take you to school. That way you cannot worry and be able to try and save some money up so you can get a place," Gonzales said.

At the turn of the century, 43 percent of young adults ages 18 to 34 were living with their spouse or partner. In 2014 that number fell to about 31 percent.

In 2000 only 23 percent of young adults were living with their parents, that number rose to 32 percent in 2014.

Those numbers are according to the PEW Research Center.

It's the first time more people in this age group are staying with their parents instead of living on their own since this kind of record-keeping started in 1880.

Meanwhile, experts said it's advantageous for young people to live at home until they know they are ready to leave.

"There are financial people that are actually recommending that the college graduates go home for up to two years. They get a job and they work like crazy at their job. Now they're getting some experience they can put on a resume to go with their degree and they're socking money away," said Dr. Thomas Haller, family expert.

Haller said young people shouldn't feel bad about living at home.

"This is really about me taking care of me in a couple of years from now so I don't have to struggle when I'm really out there on my own," Haller said.

Gonzales said he plans on doing what he can to help his daughter leave the nest for good.

"We're hoping she'll be able to make it out, but if not she always has a home with me," he said.

Copyright 2016 WNEM (Meredith Corporation). All rights reserved.

Powered by Frankly
WNEM
Powered by WorldNow CNN
All content © 2017, WNEM; Saginaw, MI. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.