(PriceEconomics) Living at home with your parents isn't just for little kids anymore. Young adults are now more likely to live with their parents than in any other living arrangement, according to a recent report by the Pew Research Center . Recent college grads aren’t alone; adults in the 25-29 and 30-34 age brackets are also moving home in record numbers.
What forces are steering people into their parents’ basements? We wanted to find out, so we analyzed data from Earnest , a Priceonomics customer. We analyzed a dataset of more than 60,000 user responses to questions about their living situations to understand how it's influenced by factors like gender, age, location, and education.
In our sample, 15% of the adults live with their parents. But that figure is higher in parts of the country with a high cost of living, underscoring the fact that income is a key determinant of living situation. Accordingly, people who have greater earning potential—as a result of earning a graduate degree or specializing in science, technology, engineering, or math (the STEM fields)—are the most likely to live independently.
Advertisement - story continues below