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More millennials living with parents

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By Ricardo Lopez
Saturday, Aug. 3, 2013, 12:01 a.m.
 

They aren't leaving the nest.

More than one-third of millennials still live with their parents, the highest share in their age group in at least 40 years, according to a Pew Research Center analysis.

Last year, a record 21.6 million adults ages 18-31 lived in their parents' homes, Pew said. That's up from 18.5 million in 2007.

The reasons why millennials are living with their parents vary, Pew said. It's a combination of economic, educational and cultural factors.

But one striking detail shows that men are more likely than women to be living with their parents. About 40 percent of millennial men are living at home, compared with 32 percent of women in the same age group.

Unsurprisingly, the recession played a large role in increasing this type of living arrangement. Unemployed millennials are more likely to live at home.

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