More than 15% of millennials lived with their parents in 2022, according to the latest figures from the Census Bureau . That is an 87% increase in the past 20 years.
Why are so many young people still living with their parents? Are Generation X parents really that fun to hang out with?
A deeper dive into the data shows that is probably not the case.
See if you can spot what these cities with the highest percentage of millennials living with their parents have in common: Riverside, California, 28.3%; Stockton, California, 27%; Los Angeles, California, 25.5%; and Modesto, California, 24.9%.
Yes, these are all California cities where it is hard for young people to buy a home. And without a home to move into, more and more millennials are skipping out on dating and marriage altogether. Turns out it is hard to have a love life when your parents are your roomies.
Overall, just 44% of millennials are married, compared to 53% of Gen Xers and 61% of boomers at the same age.
Why the big gap?