Stat of the Day

About 25 Percent of Adult Children Live at Home with Their Folks

Paramount Vantage
Esther Zuckerman 2,982 Views Sep 25, 2012

While adult children moving in with their parents used to serve as a quirky enough to be a movie premise (like in Jeff, Who Lives at Home or that one starring Matthew McConaughey), it's pretty common these days: about 25 percent of Americans between 18 and 30 are living with parents. Kathy Warbelow and Frank Bass write at Bloomberg that with high unemployment and a tough job market, the amount of young adults experiencing arrested development has grown dramatically; for the 18-to-30 crowd, the numbers are up 3.9 percent since 2010 to 20.7 million. The number of 26-year-olds living with their folks has grown almost 46 percent since 2007. As Warbelow and Bass point out, Republicans have been targeting this group, by looking to appeal to young people who may have supported Obama in 2008, but now have bleak job prospects. Paul Ryan mentioned "fading Obama posters" in his Republican National Convention speech.

But perhaps living with the 'rents is not as taboo or unfortunate as it had been: the career services director at the University of Texas College of Liberal Arts told Bloomberg that “parents are more accepting; some welcome it.” Plus, Warbelow and Bass cite a Pew study that found that 34 percent of adults between 18 to 34 who live with a parent because of economic reasons said, "living with their parents at this stage of life has been good for the relationship." Terrible times: bringing families together.

 

Want to add to this story? Let us know in comments or send an email to the author at ezuckerman at theatlantic dot com. You can share ideas for stories on the Open Wire.

Related Articles   More by Esther Zuckerman

New Jobless Claims Fall to Lowest Level Since Mid-April

America's Top Worry Is Losing Jobs Again

Republicans Near Deal That Would End Payroll Tax and Jobless Benefits Fights

 

Did Fox Just Try to Steal a Movie Mutant from Marvel?

Lena Dunham Is Troubled by the 'Girls' Porn Parody

Elsewhere on the Web

User Comments

Please type your comment and click Post. If you’re not already logged in you will be prompted to log in or register

  • The Atlantic Wire on Twitter
  • The Atlantic Wire RSS Feed
  • The Atlantic Wire iPhone App