Tuesday, January 06, 2015

Most Young Adults Boomerang

The boomerang phenomenon is real. By age 27, most young adults have returned to their parental home for a period of time or never managed to leave, according to the Bureau of Labor Statistics. In an analysis of the National Longitudinal Survey of Youth, BLS researchers examined the living arrangements of a representative sample of 27-year-olds. Here is their boomerang status...

Never left parental home: 9.8%
Left parental home, but returned: 11.6%
Left parental home, returned, left again: 37.7%
Left parental home, never returned: 40.9%

By age 27, fully 90 percent of young adults had moved out of their parental home. But the 55 percent majority of those who left boomeranged, returning home for a period of time. Those most likely to return home were young adults with a bachelor's degree (59 percent) and those whose families had the highest incomes (58 percent).

Source: Bureau of Labor Statistics, Independence for Young Millennials: Moving Out and Boomeranging Back

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