Many young adults dream of the day their significant other asks them to move in.
It turns out this is becoming less of a reality, however, as millennials are now more likely to move back in with their parents than with a romantic partner.
So just when our parents thought they had gotten rid of us for good, we arrive on their doorstep – suitcases in hand.
A new study by Pew Research Center revealed that since the 1880s, young adults between the ages of 18-34 were eager to fly the coop and settle down with their partner. But as of 2014, more young adults are rooming with their parents than a significant other — 32.1 per cent living with mom and dad compared to 31.6 per cent living with a love interest.
The gender split of young adults living at home with their parents is 35 per cent men and 29 per cent women.
The researchers blame this shift on young adults delaying marriage, estimating that more than a quarter of today’s young adults won’t get married at all.
Of course, economic and educational factors play a role as well. Pew researchers say college graduates are much more likely to live with a romantic partner than their parents. On the flip side, those without degrees are more likely to be found still living at home.
“Young adults with a college degree have fared much better in the labor market than their less-educated counterparts, which has in turn made it easier to establish their own households,” they say.
While many people might frown upon young adults moving back home, the reality is millennials need to be increasingly frugal by avoiding debt and securing a more stable financial future.
You would think our parents would be proud of that.
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