You are using an older browser version. Please use a supported version for the best MSN experience.

A quarter of millennials who live at home don't work or study

Bloomberg logoBloomberg 4/20/2017 Polly Mosendz

UP NEXT
UP NEXT
Related video: New census study reveals 1 in 3 millennials live with parents (provided by CNBC)

A life of leisure, free of bosses and bills, sure sounds like the dream — and it turns out millions of millennials are living it. But don't congratulate them yet. They're doing it under their parents' roof and not necessarily by choice. 

About a third of 18-to-34-year-olds in the U.S. live at home, the Census Bureau reported Wednesday. That includes college dormitories. Among 25-to-34-year-olds living at home, one in four is neither enrolled in school nor working. That's 2.2 million people, a small percentage of the nation's more than 70 million millennials but a striking figure nonetheless.

More 18-to-34-year-olds live with a parent than with a spouse, according to the report, The Changing Economics and Demographics of Young Adulthood: 1975–2016. That's a major shift from the 1970s, when young people were more than twice as likely to live with a spouse. Young adults today are also likelier to be enrolled in college or graduate school than their counterparts in the '70s. 

BC-A-QUARTER-OF-MILLENNIALS-WHO-LIVE-AT-HOME-DON-T-WORK-OR-STUDY:  © Polly Mosendz  

Most of those who live at home but neither work nor study have a high school diploma or less, and about a fifth have a child. Half are white, and the majority are male. About a quarter have a disability. The report defines a disability as "hearing difficulty, vision difficulty, cognitive difficulty, ambulatory difficulty, self-care difficulty, or independent living difficulty."

BC-A-QUARTER-OF-MILLENNIALS-WHO-LIVE-AT-HOME-DON-T-WORK-OR-STUDY:  © Polly Mosendz  

"Almost 9 in 10 young people who were living in their parents’ home a year ago are still living there today, making it the most stable living arrangement for young adults," the report said. "In 2005, the majority of young people lived independently in their own household (either alone, with a spouse, or an unmarried partner), which was the predominant living arrangement in 35 states. By 2015—just a decade later—only six states had a majority of young people living independently." 

AdChoices
AdChoices
AdChoices
image beaconimage beaconimage beacon