A quarter of millennials living at home with their parents have no job and no responsibilities. Twenty-five percent of 18-to-34-year-olds in the U.S. living under their parents’ roof are on an extended vacation, but not entirely by choice.
The U.S. Census Bureau released a comprehensive study Wednesday analyzing the economic and demographic changes of young adults from 1970 to 2016. Nearly 1-in-3 millennials live at home with one-in-four living idly, meaning they neither go to school or work. That’s approximately 2.2 million people.
The majority of the 2.2 million have a high school degree or less, over half of them are male, and about 20 percent of them have at least one child. A quarter of the group also has some type of disability.
The report also found another interesting development among young cohorts: Unlike their parents and other previous generations that chose to get married young, millennials are pushing their marriage prospects back rather dramatically . . .
The vast majority of Americans hold to the belief that educational and financially lucrative accomplishments are important milestones of adulthood. Those beliefs stand in stark contrast to their feelings about marriage and parenthood. (Read more from “25 Percent of Millennials Who Live at Home Are Unemployed” HERE)