We already know that, due to factors like job availability and housing affordability, Millennials enter the housing market later than any other previous generation. But a surprising number of 18 to 34 year olds aren’t just not buying their first homes, they’re still living at home.
Millennials represent the most diverse, best-educated segment of our society. They’re also the largest, making up nearly a third of the current population. But according to a recent study by ABODO, they’re also the most reluctant to leave the nest.
“This generation of 18- to 34-year-olds is more likely to be living with their parents than to be in any other living situation — such as cohabitation with a spouse or significant other, or living alone or with roommates — for the first time in more than 130 years.”