Alright, so that’s a pretty misleading title. Living with your parents after the age of 18 is unfortunate in any scenario, especially if you’re a college graduate. Nothing says “Thanks for the diploma, Mom and Dad!” like moving back into your parents house and eating all their food, rent-free.
A study released by the Wall Street Journal shows that the percentage of 25-34 year olds still living with their parents has continually risen up to nearly 14% in the last 12 years from just under 11% in 2000.
So what gives, OBAMA? It really has to do with the job market. Kids aren’t finding jobs as easily as they used to, and that’s translating to more kids coming back to the nest after their time in college. I can respect it. As a guy who lived with his parents after college, I totally understand. Granted, this is only a sample from 25-34 year olds, not including the 22-24 age group, which I’m sure has a much higher percentage of kids who live at home.
Living with your parents from 25-34, though? Oof. I’ve done it, and it ain’t fun. But 14% of kids doing that? Man, that’s high. Student loan debt probably contributes to this growing trend, as on average, student borrowers come out of college with roughly $26,000 dollars of student loan debt.
The study also discovered that the median age at first marriage has increased as well, up to 29 years old for men and 26 years old for women, which was at 27 years old for men and 25 years old for women in 2000. Looks like the job market and student loan crises is also deterring kids from getting wife’d and hubby’d up until they’re closer to 30. I’d chalk that one up to just changing times though. Our generation just doesn’t seem to be in much of a hurry to get betrothed like our parents.
Of course, since we’re the entitlement/me/participation trophy/now-now-now generation, the Baby Boomers will blame all this on our selfish attitudes and misguided principles. Maybe you should look in the mirror and see who raised these narcissistic assholes.