A Quarter of Millennials 25 to 34 Who Are Living at Home Aren't Working
A new report from the Census Bureau revealed that about a quarter of older millennials aged 25 to 34 who are living at home are neither working nor in school. A full third of young people between the ages of 18 and 34 are living at home, these millennials are putting off marriage, and young men are falling behind economically.
Young people today define adulthood in terms of schooling and full-time employment, more so than moving out of their parents' house and starting families of their own. They consider marriage to be a capstone after economic stability, and get married much later, compared to earlier generations. Interestingly, however, they move in with romantic partners at about the same time as earlier generations got married.
Even so, more young people live in their parents' home than in any other arrangement. A full third of millennials lived with their folks in 2015. A mere ten years earlier, in 2005, the majority of young adults lived in their own household, which was the predominant living arrangement in 35 states. In 2015, only six states had a majority of millennials on their own.
Perhaps this shift reflects the attitudes of millennials. When it comes to becoming an adult, the vast majority of young people say completing formal schooling was extremely (62 percent) or somewhat (33 percent) important. Similar numbers say the same about being employed full-time (52 percent extremely, 43 percent somewhat).
Millennials value being financially independent from parents, describing it as extremely (43 percent) or at least somewhat (54 percent) important in becoming an adult. But they value moving out of their parents' household much less, with only 26 percent saying it is extremely important to do so, 56 percent saying it is somewhat important, and 19 percent saying it is not at all important to move out in order to become an adult.
By contrast, a full 55 percent of young people say getting married and having a child are "not at all" important in becoming an adult.
While millennials do not consider marriage to be an important step to adulthood, they do get married, just at later ages. In 1995, for instance, 59 percent of women married by the age of 25, while in 2010, only 44 percent did so. But by age 40, the vast majority of women had gotten married (86 percent in 1995 and 84 percent in 2010).
In 1976, 69 percent of women between the ages of 25 and 29 were already mothers. Today, only women between the ages of 30 and 34 are that likely to have had children. But the delay of marriage is even more striking. In 1976, 85 percent of women and 75 percent of men were married by age 29. Today, that many men and women are getting married — but in their 40s.