05/25/2012 - Home is where the heart is. It’s also where you’ll increasingly find adult children, says a report by the Pew Research Center’s Social & Demographic Trends Project.
And, the study says, living with the parents doesn’t seem all that bad. The Boomerang Generation: Feeling OK about Living with Mom and Dadfound that 78 percent of those ages 25 to 34 still at home say they are comfortable with their situation.
The Center’s analysis of Census Bureau data revealed that the share of people living in multi-generational households in the United States is the highest since the 1950s, up from 15.8 percent in 2000 to 21.6 percent in 2010. The lowest share was 11.8 percent, in 1980.
One reason for this trend is the recession, which the study found “appears to be giving rise to a protracted set of economic ties between parents and their adult children.” Young adults who are not employed are more likely than those holding jobs to be living at home.
The sharing of family finances appears to have benefited some young adults as well as their parents; 48% of boomerang children report that they have paid rent to their parents and 89% say they have helped with household expenses.