More Millennials Living With Family Despite Improved Job Market
Friday, July 31, 2015
Posted by: Elizabeth Nicholas
More Millennials Living With Family Despite Improved Job Market - Pew Research Center
July 29, 2015
Five years into the economic recovery, things are looking up for young adults in the U.S. labor market. Unemployment is down, full-time work is up and wages have modestly rebounded. In fact, the nation’s 18- to 34-year-olds are less likely to be living independently of their families and establishing their own households today than they were in the depths of the Great Recession.
In terms of sheer numbers, there are more young adults today than there were when the recession hit – In the first third of 2015 about 42.2 million 18- to 34-year-olds lived independently of their families. In 2007, before the recession began, about 42.7 million adults in that age group lived independently.
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