{"id":1955,"date":"2015-09-14T16:21:33","date_gmt":"2015-09-14T16:21:33","guid":{"rendered":"https:\/\/genhq.com\/?p=1955"},"modified":"2022-09-01T14:32:26","modified_gmt":"2022-09-01T14:32:26","slug":"millennials-still-living-at-home-despite-improved-job-market","status":"publish","type":"post","link":"https:\/\/genhq.com\/millennials-still-living-at-home-despite-improved-job-market\/","title":{"rendered":"Millennials Still Living at Home Despite Improved Job Market"},"content":{"rendered":"<h4>Even though the economy and job market have vastly improved since the Great Recession, a record number of Millennials, also known as Gen Y, are still living with their parents. According to <span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.pewsocialtrends.org\/2015\/07\/29\/more-millennials-living-with-family-despite-improved-job-market\/\" target=\"_blank\" rel=\"noopener\">new research<\/a><\/span> from Pew Research Center, 18\u201334-year-olds in the United States are actually <em>less<\/em> likely to live independently of their families than they were during the recession.<\/h4>\n<p>&nbsp;<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-1960\" src=\"https:\/\/genhq.com\/wp-content\/uploads\/2015\/09\/More-Millennials-Living-at-Home-.jpg\" alt=\"More Millennials Living at Home\" width=\"870\" height=\"581\" \/><\/p>\n<p>Surprisingly, the number of young adults heading their own households was slightly lower in 2015 (25 million) than it was before the recession began in 2007 (25.2 million).<\/p>\n<p>What gives? Why do so many Millennials live at home?<\/p>\n<p>Even though Millennials are more likely to hold full-time jobs and earn higher wages than before, money can still be a deciding factor in the choice to stay put. Perhaps there simply aren\u2019t enough affordable houses or apartments in the cities where Millennials want to live (that is, close to Mom and Dad).<\/p>\n<p>Another reason stems from a defining characteristic of the Millennial generation: delayed adulthood. Millennials aren\u2019t hitting the traditional markers of adulthood\u2014graduation, starting careers, marriage, having children, etc.\u2014until many years after previous <span style=\"text-decoration: underline;\"><a href=\"\/the-generations-hub\/generational-faqs\/\" rel=\"noopener\">generations<\/a><\/span> did when they were younger. Millennials simply haven\u2019t had the real-world experience of forming strong commitments yet. Thus, they might be less loyal to their <span style=\"text-decoration: underline;\"><a href=\"\/millennials-gen-y-in-workplace\/\" rel=\"noopener\">jobs<\/a><\/span>, to <span style=\"text-decoration: underline;\">products and brands<\/span>, and to towns, cities or regions. <em>Insider insight: this also means they\u2019re still up for grabs.<\/em><\/p>\n<p>Ultimately, living with Mom and Dad is a low-stakes option (not to mention low-rent!) because it doesn\u2019t tie Millennials down. They can continue to job hop, travel or go back for another degree, knowing that they always have a place to come home to\u2014one that comes with free food and unlimited Wi-Fi.<\/p>\n<p><strong><em>Are you a Millennial who decided to continue living with your parent(s) or a parent who recently welcomed your Millennial child back home? Tweet us your thoughts and experiences at <\/em><\/strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/twitter.com\/whatthegen\" target=\"_blank\" rel=\"noopener\"><strong><em>@WhatTheGen<\/em><\/strong><\/a><\/span><strong><em> and <\/em><\/strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/twitter.com\/jasondorsey\" target=\"_blank\" rel=\"noopener\"><strong><em>@JasonDorsey<\/em><\/strong><\/a><\/span><strong><em> to weigh in on the conversation.<\/em><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even though the economy and job market have vastly improved since the Great Recession, a record number of Millennials, also known as Gen Y, are still living with their parents. According to new research from Pew Research Center, 18\u201334-year-olds in the United States are actually less likely to live independently of their families than they [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3643,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12,13,22],"tags":[],"class_list":["post-1955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-generations","category-millennials-aka-gen-y","category-research-findings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Millennials Still Living at Home Despite Improved Job Market<\/title>\n<meta name=\"description\" content=\"Why do Millennials\u2014even those with full-time jobs\u2014continue to put off setting up independent households of their own?\" 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