36% of millennials live with parents
A record 21.6 million millennials were not buying or renting on their own in 2012 - Lack of Jobs and Income
Young adults ages 18 to 34 are increasingly living at home, making it a new norm.
In 2012, 36 percent of people 18 to 31, the millennial generation, lived with their parents, according to a Pew Research Center analysis of U.S. Census Bureau data. Prior to the Great Recession in 2007, only 32 percent lived at home and 34 percent of the same-aged counterparts were residing at home in 2009, the 2013 analysis found.
In 2012, there was a record total of 21.6 million millennials living with their parents, an increase from 18.5 million in 2007, including at least a third and "perhaps as many as half are college students," according to the Pew Research Center analysis.
Why millennials are renting, not buying
A recent Gallup poll found similar results with 14 percent of adults between the ages of 24 and 34 living at home and roughly 50 percent of 18-to-23-year-olds, many of whom who are still in college, residing with their parents. Only half of the respondents who live at home have jobs with 67 percent of those living on their own being employed full-time, the poll said.
Improving Jobs and Income for Millennials, the largest demographic group, will spur a significent increase in new household formations.
http://www.jchs.harvard.edu/millennials-key-stronger-housing-recovery
