How Much Could You Save by Living With Your Parents?



By Geoff Williams

For years, there was a certain ritual young adults could expect to follow: Graduate high school, earn a higher-education degree, get a job, rent an apartment and eventually, move into a house.

Not any longer. A new analysis of U.S. census data by the Pew Research Center found that in 2014, for the first time in over 130 years, adults ages 18 to 34 were more likely to be living with their parents than to be living with a spouse or partner in their own household. The reasons could include everything from later-life marriages to economic constraints, according to Pew. After the Great Recession, it simply became more common for young people to start living with their parents, and even though the economy has improved, many millennials are still choosing to live with mom and dad.

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