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Similarly with earnings, young men’s wages (after adjusting for inflation) have been on a downward trajectory since 1970 and fell significantly from 2000 to 2010.As wages have fallen, the share of young men living in the home of their parent(s) has risen.Initially in the wake of the recession, college enrollments expanded, boosting the ranks of young adults living at home.And 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.Economic factors seem to explain less of why young adult women are increasingly likely to live at home.Generally, young women have had growing success in the paid labor market since 1960 and hence might increasingly be expected to be able to afford to live independently of their parents.It’s worth noting that the overall share of young adults living with their parents was not at a record high in 2014.This arrangement peaked around 1940, when about 35% of the nation’s 18- to 34-year-olds lived with mom and/or dad (compared with 32% in 2014).
In 2014, 28% of young men were living with a spouse or partner in their own home, while 35% were living in the home of their parent(s).
This type of arrangement peaked around 1960, when 62% of the nation’s 18- to 34-year-olds were living with a spouse or partner in their own household, and only one-in-five were living with their parents.
By 2014, 31.6% of young adults were living with a spouse or partner in their own household, below the share living in the home of their parent(s) (32.1%).
A variety of factors contribute to the long-run increase in the share of young adults living with their parents.
The first is the postponement of, if not retreat from, marriage.