Young adult man paying bills on coffee table

More millennials are living at home

Do you live at home with your parents? You’re not alone.

Nearly one in three young adults live at home with the parents, according to a new report from Pew Research Center. That means that for the first time in modern history, more 18 to 34-year-olds live with their parents than alone, with roommates, or with partners.

The reason? Often it’s the decline in economic mobility. The cost of living has gone up, but millennial's salaries have remained stagnant since the 1980s. Add in student debt and rising home prices, and it’s no wonder fewer young people are able to afford a home of their own. As the report says, “Given the weak job opportunities facing young adults, living at home was part of the private safety net helping young adults to weather the economic storm.”

But relationships are changing, too. The median age for first marriages is increasing. And a quarter of young adults may never marry. Young people are “concentrating more on school, careers and work and less focused on forming new families, spouses or partners and children,” says lead researched Richard Fry.

Read the report here.

Are you saving for a home? Let America Saves help you reach your savings and debt reduction goals. It all starts when you make a commitment to yourself to save. Take the first step today and take the America Saves pledge to save money, reduce debt, and build wealth over time. And it doesn’t stop there. America Saves will keep you motivated with information, advice, tips, and reminders to help you reach your savings goal. Think of us as your own personal support system.

Take the pledge.

 

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

Take the America Saves Pledge

Tip of the Day

  • Written by Katie Bryan | December 23, 2013

    Tip to Save During the Holidays: Decide how much you can spend. http://ow.ly/pX9nu via @Bankrate

Saver Tips and Stories View all »

Developing a Savings "Game Plan"

Written by Katie Bryan | October 28, 2013

Eunice Diaz, a teacher in Colorado Springs, had been noticing a pattern. Despite the fact that she and her husband were “making good money,” they were spending their entire earnings and “were still struggling at the end of the month.”

Read more...

Starting Over

Written by Katie Bryan | October 28, 2013

Until last summer, Michael Lindman spent money freely. “I was a union truck driver for 35 years and had a good income,” said Lindman. “I owned my own home, saved a little, and tried to live within my own budget. You always think there’s going to be that much coming in, but things can change in a split second.”

Read more...

A Think Like A Saver Attitude

Written by Benjamin Moss | November 26, 2019

Melissa has always been thrifty with a #ThinkLikeASaver attitude. This served her family well when her husband lost his job in 2014. Using their savings, Melissa’s family stayed afloat while her husband found a new job. During his job search they used a majority of their savings, but that is OKAY. Savings are fluid! They’re supposed to be used in the case of emergency, and this qualified as such.

Read more...

Receive Updates

Take the Pledge

Written by Super User | September 16, 2013

Start Saving

Receive Texts

Written by Tammy G. Bruzon | July 15, 2014

Learn More

Partner News & Updates

Written by Katie Bryan | October 18, 2013

Sign Up