Research Roundup

Millennials Moving In With Parents

• April 23rd, 2012
• pew research center

More than three-quarters of young adults ages 25 to 34 who have moved back home with their families during the Great Recession and the troubled economic years that followed say they’re satisfied with their living arrangements and upbeat about their future finances, according to the report “The Boomerang Generation” from Pew Social & Demographic Trends. Those arrangements have benefited their parents as well: almost half of boomerang children say they have paid rent and almost nine-in-ten have helped with household expenses. One reason young adults who are living with their parents may be relatively upbeat about their situation is that this has become such a widespread phenomenon. Among adults ages 25 to 34, 61% say they have friends or family members who have moved back in with their parents over the past few years because of economic conditions. Furthermore, three-in-ten parents of adult children (29%) report that a child of theirs has moved back in with them in the past few years because of the economy. Cost: Free.

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