Answer: 15%

Questions: 

• Do you know any 25-35 year olds that currently live at home?
• Why do you think this percentage is so much higher for millennials than for earlier generations? 
• What are the keys to being able to live independently in your 20s? 

Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (from Pew Research):

The increased prevalence of living with mom and/or dad is more prominent among less-educated young adults. In 2016, only 10% of Millennials who had completed at least a bachelor’s degree lived at home, compared with 7% of college-educated Gen Xers who lived at home in 2000. By contrast, 20% of young adults with no more than a high school diploma lived in their parents’ home in 2016, up from 12% of Gen Xers in 2000.

A variety of factors may influence young adults’ decisions to live at home, including their success in the labor market, the cost of living independently, and their debt obligations. The fact that less-educated young adults are much less likely to live independently than their more educated counterparts comports with the basic patterns of employment success in the U.S. labor market.

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Help students prepare for the real world with this popular NGPF Activity, Build A Salary-Based Budget. 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.