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Young people are choosing to move out of their parents’ homes on average much later, with data from 2017 showing that more than 50 per cent waited till they were 23.
However, US Census Bureau data also suggest that the rate at which adult children have been living with parents has been steady since 1981. [7] The U.S. Census Bureau reported a 5 percentage point increase in the number of young men (ages 24–34) living with their parents for the period between 2005 (14%) and 2011 (19%).
With more children being born to unmarried couples and to couples whose marriages subsequently dissolve, more children live with just one parent. The proportion of children living with a never-married parent has grown, from 4% in 1960 to 42% in 2001. [33] Of all single-parent families, 83% are mother-child families. [33]
The percentage of children living with single parents increased substantially in the United States during the second half of the 20th century. According to a 2013 Child Trends study, only 9% of children lived with single parents in the 1960s—a figure that increased to 28% in 2012. [11] The main cause of single parent families are high rates ...
In 2023, more than half (56%) of all young adults aged 18 to 24 are living with their parents, along with 16% of those aged 25-34, according to U.S. Census Bureau data.
Pew found that in 2021, 15% of 25- to 34-year-olds in multigenerational households were living in their own home and had a parent or other older relative living with them—up from 12.7% in 2011 ...
“The number of people in danger of becoming poor is far larger than the number of people who are actually poor,” he says. We’re all living in a state of permanent volatility. Between 1970 and 2002, the probability that a working-age American would unexpectedly lose at least half her family income more than doubled.
Some of the adults living in this sandwiched generation face financial problems regularly, having to support three generations at one time: their parents, their immediate family (theirself and their spouse) and children. [12] Some businesses have begun to recognize the issues faced by the sandwich generation as a financial planning problem.