With the economy so poor and with little prospect for change in the near future, many young people are moving back into their parent’s homes to live. Bloomberg reported that the percentage of men aged 25 to 34 years old who live with their parents has increased by almost one third within the past five years, according to data from the U.S. Census Bureau.
The reports showed that the trend has drastically increased for men, and is less likely for women, who manage to stay out of their childhood bedrooms. The U.S. Census Bureau shared statistics such as these:
- Since 2006, the percentage of young men living with their parents has increased from 14.3 percent to 18.6 percent this year
- Since 2006, the percentage of young women living with their parents has increased from 8.8 percent to 9.7 percent this year.
The unemployment rate being as high as it is today is mainly to blame for young people having to move back in with their parents, but why are more women able to live on their own than men? Reasons vary; however, it could be because young women traditionally marry at a younger age and leave their parent’s home, but also because now more women than men are getting college educations, so they may be less likely to be unemployed or lose jobs.
The U.S. Census Bureau shared statistics such as these:
- As of last year, the unemployment rate for women between ages 25 and 34 averaged 9.1 percent, compared with 10.4 percent for men in this age group.
- As of last year, men aged 25 to 34 years old who moved back in with parents increased 2.2 percent, while women aged 25 to 34 years old who moved back in with parents didn’t change significantly.
For email notifications of all posts by this National Mind and Body Examiner, please subscribe above. For articles on all topics, follow @DocKC.