More Millennials Are Living at Home

The proportion of Millennials (aged 18-31; see here for the importance of defining the actual age bracket) living in their parents’ home is on a steady upswing, per results [pdf] from a new Pew Research Center study. From 2007 to 2012, the share of 18-24-year-olds living at home grew from 51.2% to 56.2%, while the share of 25-31-year-olds living at home rose from 13.8% to 16%. Some of the increase, particularly among younger Millennials, is attributable to rising college enrollment rates. (more…)