Economics
A Quarter of Millennials Who Live at Home Don’t Work — or Study
Half are white, and most are men, the Census Bureau reports.
Are Millennials Financially Screwed?
This article is for subscribers only.
A life of leisure, free of bosses and bills, sure sounds like the dream — and it turns out millions of millennials are living it. But don't congratulate them yet. They're doing it under their parents' roof and not necessarily by choice.
About a third of 18- to 34-year-olds in the U.S. live at home, the Census Bureau reported on Wednesday. That includes college dormitories. Among 25- to 34-year-olds living at home, one in four is neither enrolled in school nor working. That's 2.2 million people, a small percentage of the nation's more than 70 million millennials1492657985588 but a striking figure nonetheless.