Being an 18-year-old going away from home and facing the world isn’t what it used to be.
The Los Angeles Times reports that millennials, those born between the 1980s and the turn of the millennium, are not exactly flocking away from home and hearth these days.
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 released Thursday.
The data shows that a record 21.6 million people between 18 and 31 years of age still lived with mom and dad compared to 18.5 million in 2007.
That’s an increase of more than 14 percent in the last five years.
The reasons why millennials are living with their parents vary, Pew said. It’s a combination of economic, educational and cultural factors.
And as it turns out, men are behind women when it comes to moving out. The report showed 40 percent of men still lived at home compared to 32 percent of women.
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