Question of the Day: What percent of 18-34 year olds are living with their parents?
Answer: 34.5%
Updated question of the day that first appeared in 2016. We like to keep it current!
Questions:
- Do you know anyone in the 18-34 year age range who lives with their parents? Who? Why do they live with their parents?
- Why do you think that certain states have higher percentages of 18-34 year olds living at home with their parents?
- At what age do you envision yourself living on your own? What is your plan to develop financial independence?
Here's the ready-to-go slides for this Question of the Day that you can use in your classroom.
Behind The Numbers (Visual Capitalist):
For a variety of different reasons, there is a growing proportion of young adults that are living with their parents in the United States. As of 2017, it’s estimated that 34.5% of young adults (18-34 years old) in the U.S live at home – one of the highest percentages in recent memory.
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Note that this article from Visual Capitalist includes an interactive where your students can see the details about their state (click below):
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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