They’re old enough to drive, vote, get a credit card, attend college and land a job. Yet, many of America’s 18-to 34-year-olds aren’t yet old enough ― or financially stable enough ― to live in their own place.
U.S. Census Bureau released data on Sept. 15, which found that nationally some 34 percent of that age group still live with their parents. At the state level, New Jersey had the highest percentage of millennials ― a whopping 47 percent ― still living at home. Connecticut and New York ― where more than 40 percent of that segment are still living with mom and dad ― trail close behind. Not surprisingly, the price of real estate in these three states are among the highest in the nation.
Meanwhile, North Dakota has the lowest percentage of 18-to-34-year-olds in households living with mom and dad (14.1 percent) followed by Washington, D.C. (16.6 percent).
To read more about these enlightening statistics go here.
In May, a Pew Research Center report found that young adults were more likely to live with their parents than as part of any other housing arrangement, for the first time in over 130 years.