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Study: Record Number 21 Million Young Adults Living With Parents

Posted By julie wilson On August 2, 2013 @ 3:47 pm In U.S. News | Comments Disabled

CBS D.C. [1]
August 2, 2013

A record number of young adults are living with their parents.

A new study from Pew Research finds that 36 percent of Millennials – young adults ages 18 to 31 – are living at their parents’ homes, the highest number in four decades. A record 21.6 million young adults were still living at home last year.

“Most of my friends that have graduated end up living back home because even if they have a job they can’t afford to pay rent and pay back their loans at the same time,” Stephanie Levonne, a 20-year-old college student living at home, told CBS News. “I know a lot of people that took out almost half or more of their tuition in loans which is $50,000 so it’s impossible to pay rent and live in New York City while paying off your loan.”

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[1] CBS D.C. : http://washington.cbslocal.com/2013/08/02/poll-record-number-21-million-young-adults-living-with-parents/

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