Mother’s Day 2016: More Millennials Are Living At Home With Mom, Study Finds

International Business Times ^ | 05 May 2016 | Tim Marcin

[Lorianne]

Ahead of Mother's Day, more and more millennials are gifting their mom the most precious thing of all: quality time with their offspring. An analysis from real estate and rental marketplace Zillow released Thursday found more people ages 24-34 in the United States are living at home with mom than at any time in the past decade.

Twenty-one percent of the age bracket lives at home with their mother, Zillow found. In 2005 that figure was just 13 percent. Rents have continued to rise, but income growth for young people has not kept pace. Zillow found that over the past year alone, rents went up almost 3 percent, while incomes have increased just 1.8 percent. The group also projected a 3 percent increase over the next 12 months to a median of more than $1,400 per month. Living at home has increasingly become a practical option.

[Undecided 2012]

Forget to add, stayed at mom’s for about a week before we found a rental and became upwardly mobile.
Now they have their faces so stuck in their phones, they don’t care about upwardly mobile. They just cry, “what about me.”

[sheana]

When hubby and I bought our last house almost 20 years ago that is stuff we thought of. We looked at location and accessibility. I never would have thought of it but after hubby’s dad had bad neck bones he slept in a hospital bed in their living room for over a month after surgery. Couldn’t make it up the stairs to the bedroom. They moved not long after that and it made me really assess the houses we looked at when we sold and bought again.
Now I’m so glad we did since hubby’s knees and back iaew so bad he sometimes has a hard time going from the den to the master bath on the other side of the house.
Daughter has a 2 story and when I watch the kids the stairs kill me. Lol

[SaveFerris]

The America Dream is dead. Killed by the Open Borders, NWO folks. All the stories people like to tell from 30 years ago no longer matter. I’ve been through all that too. The old stuff and old normal no longer apply. Might as well tell stories of the Roaring 20’s.

As one FReeper’s tagline said, most Americans don’t realize it yet. It’s called the “normalcy bias”. Oh, they have watched gas go up and down and food prices go up, but this ain’t 1985. Ask 94+ million Americans.

[Excellence]

My mother left home when I was 16. Worse than that, she came back.

[RegulatorCountry]

The job market is weak, regardless of statistics that report otherwise. Landing a first job that pays enough to be independent is more of a challenge now than it’s ever been. If their parents welcome them, then their living arrangements are their business. Maybe they’re helping with household expenses.

[Gay State Conservative]

I was something of a late bloomer,living arrangements-wise.However,during those few years when many of my peers were on their own I was 1) helping my widowed,sickly father with many important household duties (seriously) and 2) working my a$$ off saving for a down payment on a house.As a result I put down 85% of the sale price on my first house...had it paid off 3 1/2 years after purchase and sold it some years later for about 600% of what I paid for it (location,location,location).

I don't think that type of thing is happening with today's "failure to launch" generation.

[grania]

Considering current circumstances, it's not a bad idea. The adult child has the flexibility to move quickly if a job opportunity occurs somewhere away from home. Helping out the folks means they can help with the finances, and not have the folks burn through their savings with reverse mortgages, annuities, or assisted living. Home ownership is more risky now, with ever-escalating expenses and a mortgage that might be impossible to pay off or to cover if it becomes necessary to sell the house. Decent apartments in safe areas are getting crazy expensive. A lot of these forever children were foolish enough to get college loans for an undergraduate degree.

It's an effect of the mess the US is in. Everyone is losing their economic independence. Generations "doubling up" might be making the best of a bad situation.

[SaveFerris]

correct

[tbw2]

I’ve been hitting going out of business sales once in a while for great deals - but 2016 is the first time I’ve hit 2 closing grocery stores in the same year, and it is May, and I didn’t get to a recent chain’s closing due to traffic.

For GROCERY STORES, albeit at the higher end, to be closing is a problem.

[Lonesome in Massachussets]