NC State Ag Economist Dr. Mike Walden – “Still Living at Home”

 

Mary:  This is Mary Walden with economist MW, welcoming you to the economic perspective.  Today’s program looks at still living at home. Mike, for generations there was a pattern with children.  They went to school, learned a skill or occupation, and then set out on their own.  But I understand that new Census data show this is now not the pattern for many young people. Please explain.

Mike: Summary Answer

 

  1. Almost one-third (31%) of young adults aged 18-34 live with their parents
  2. More than live with a spouse, and 25% higher than 40 years ago
  3. Furthermore, 25% of those living with their parents are not working and are not in school
  4. Reasons – can’t find work, either because haven’t finished school, went to school and dropped out, or can’t find a job even with a degree
  5. Also, a significant percentage are disabled, or have a child to take care of
  6. This has been a big change in our society
  7. I’m MW

Mary:  And I’m Mary Walden for the North Carolina Cooperative Extension Service


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