There are more young adults living with their parents in 2015 than during the recession, a new report from the Census Bureau reveals.
Many economists expected young adults to move out once the job market recovered, housing expert and former chief economist at Trulia Jed Kolko was one of them. But as Kolko dives into Census data, he found that “The share of 18-34 year-olds living with parents was 31.5 percent in 2015, up from 31.4 percent in 2014.”
After looking at figures from various trends, such as when young adults today start creating families and levels of educational attainment, Kolko concludes “the increase in young adults living with parents over the past twenty years can be explained entirely by demographic changes.”
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