Millennials in This State Are Most Likely to Still Live with Their Parents
If you're a millennial living in New Jersey, there's a nearly 50-50 chance you're still bunking at Chateau Mom & Dad.
According to Census data cited by NJ.com, the Garden State has the highest percentage in the nation of millennials living with one or more of their parents. In 2015, 47% of New Jersey residents ages 18 to 34 were living in their parent's home.
Connecticut and New York tied for second place in the category, with a bit lower percentage of millennials still sleeping under their parent's roofs. "North Dakota and the District of Columbia were the most independent-minded. Overall, 34 percent of the nation's millennials lived with their parents in 2015," NJ.com reported.
The numbers represent a continued upswing in young adults living longer in their parent's homes. New Jersey also had the country's highest rate of millennials living with their parents in 2014, when 44% of 18- to 34-year-olds did so. Nationwide, the trend spiked during the Great Recession, not only due to widespread economic pressures, but broad cultural shifts in which millennials have been getting married and having children later in life than previous generations.
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According to a Pew Research Center study, 32% of Americans ages 18 to 34 were living with their parents in 2014. A year later, that figure has inched up to 34%. That's almost equal to the all-time peak rate in 1940, when 35% of 18- to 34-year-olds lived with their parents to survive during the Great Depression.