U.S. Census Bureau: More Americans Age 18 to 34 Living with Parents than with a Spouse

It appears that we remain headed in the wrong direction, in some of the most profound of ways.

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Another disturbing example to that effect: The results of a new study completed by the U.S. Census Bureau, and reported by CNSNews.com, that reveals American adults who occupy the 18-to-34 age bracket are now more commonly living with parents than with a spouse.

It was not always this way. In the 1970s, Americans within that same age range were much more likely to be married and living with their husbands or wives.

Not anymore.

As a matter of fact, according to the Census Bureau, living at home with parents is the most common living arrangement of any for the demographic at issue.

The trend in the opposite direction is not merely one that stands out by comparison to 1970s standards; note this comment from the Census Bureau’s report:

“In 2005, the majority of young adults lived independently in their own household, which was the predominant living arrangement in 35 states. A decade later, by 2015, the number of states where the majority of young people lived independently fell to just six.”

Even more ominous is the number of adults in this age bracket who are not only living at home, but aren’t doing much of anything productive:

“Of young people living in their parents’ home,” the Census Bureau’s report goes on to say, “1 in 4 are idle, that is they neither go to school nor work. This figure represents about 2.2 million 25- to 34-year-olds.”

Look out below.

The information contained here is for general information purposes only. The Financial Writer blog and Bob Yetman disclaim responsibility for any liability or loss incurred as a consequence of the use or application, either directly or indirectly, of any information presented herein. Nothing contained in this article, or any other article featured at this blog, should be construed as a solicitation or recommendation to engage in any financial transaction. You should seek the advice of a qualified professional before making any changes to your personal financial profile.

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