It looks like young women are living at home or with a relative now more than ever before — according to a recent study released on Wednesday.
The Pew Research Center says that 36 percent of women between 18 and 34 lived with family last year — mostly in a home with their parent(s). As a recent male grad who lived at home for five months after graduation and saved tons of money on worthless expenses like rent, food and parking, I can vouch for the legitimacy of the movement.
From The New York Post:
The number tops the record set in 1940, when 36.2 percent of young women lived with relatives, the analysis said. 1940 is the earliest year for comparable data.
Among young men, 42.8 percent were living with relatives last year, below the 1940 high of 47.5 percent.
“The result is a striking U-shaped curve for young women — and young men — indicating a return to the past, statistically speaking,” Pew said.
Young women are more likely now to be enrolled in college than in previous decades, with 27 percent of them college students last year, the report said. That compares with 5 percent in 1960.
Last year, 45 percent of young females in college, including those enrolled part time and at community college, lived with family. Among those not in college, a third lived with family.
Many young women are putting off marriage compared with those in previous decades, making staying at home more likely, the report said. In 2013, 30 percent of young women were married, compared with 62 percent in 1940.
Another reason young people are living at home? The job market.
A lot of women, and men, come out of college ready to take on the world with their newly printed liberal arts degrees. Unfortunately, the world doesn’t always reciprocate that feeling, so they have to move home and live with mom and dad for a semester or two before taking on the challenges of Real Life™.
What does that entail? Well, besides living rent-free and having your mom or dad make you dinner a few nights a week, it’s basically the same life you’d be living if you were off being independent somewhere else. You just have to be quieter if you bring someone home from the bars.
You heard it here first: Living at home is awesome. If you’re able to pull it off, join the 30-40 percent of young Americans who are crashing at home during that in-between phase of life. Totally worth it, in my opinion.
Of course, every situation is different, but I’ve found that many of my peers would agree that living at home is majorly beneficial when you get out school if you have a job lined up. Saving money early on is a huge adulthood victory.
You’ll miss it when you’re cutting $900 checks every month and being forced to cook your own lasagna..
[via New York Post]