The latest census report and a couple of surveys hold some startling statistics for those of us with adult children: They are moving back home in force. And at mid-career–or older.
Here are the numbers, starting with the younger ones:
According to the most recent Census report, there were 5.1 million Americans age 25 to 34 living in
the home of a parent. In 2004, there were only 4.3 million doing so.
When AARP surveyed 1,000 adults this spring, it
found that 11 percent of people between ages 35 and 44 were living with parents or in-laws.
A recent survey by grandparents.com of 4,800 grandparents found 12.5 percent reporting that
they lived in the same home as their grandchildren; of those, 53
percent said that the adult children and grandchildren who lived with
them could not afford to live independently.
And the trend is likely to keep going as this deep recession just begins to hit bottom. These stats and some human interest stories to go with them are in this story from the New York Times.
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