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- Americans ages 25 and 26 get an average of $2,323 a year
in financial support from their parents.
-University of Michigan
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- A professor of economics at Syracuse University found that only half of Americans in their mid-20s earn enough to support a family.
-Syracuse University
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- According to a recent Time poll only half of those ages 18
to 29 consider themselves financially independent.
-Time Magazine
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- Annual earnings among men 25 to 34 with full-time jobs dropped 17%
from 1971 to 2002, according to the National Center for Education Statistics.
-National Center for Education Statistics.
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- In a recent Time magazine poll, 66% of those surveyed
owed more than $10,000 when they graduated, and 5% owed more than $100,000.
(And this says nothing about the credit-card companies that bombard
freshmen with offers for cards that students then cheerfully abuse.
Demos, a public-policy group, says credit-card debt for Americans 18 to
24 more than doubled from 1992 to 2001.)
-Time Magazine
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- The percentage of 26-year-olds living with their
parents has nearly doubled since 1970, from 11% to 20%,
according to a professor of economics and public policy
at the University of Michigan.
-University of Michigan
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- A recent survey shows 63 percent of college students plan
to live with their parents after graduation. That's up from 56
percent who responded last year. The percentage planning to stick
around for more than a year also inched up to 22 percent this year
from 19 percent.
-Poll by online job database, JobTrak
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- 18 million unmarried Americans ages 18 to 34 live with their families.
-U.S. Census Bureau
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- 56.8 percent of men and 43.2 percent of
women aged 22 - 31 lived at home in 2002. A slightly
older demographic sampling (ages 25 - 34) revealed 13.6
percent of men and 8.3 percent of women living at home,
slightly higher than 2001 figures.
-U.S. Census Bureau Current Population Survey, 2001
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- There are 3.9 million multigenerational households in the U.S.
That’s approximately 4 percent of all households.
There are two types of multigenerational households:
households in which the householder resides with their children and/or
grandchildren (2.6 million) and households in which the householder resides
with their children as well as their own parents (1.3 million). Since 1990, the
number of multigenerational households has grown by approximately 60 percent.
-2000 U.S. Census data
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- Approximately 65 percent of college graduates are returning to live
with their parents, hoping for free room and board while searching for a job.
-CBS Evening News
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- Between ages 18 - 34, young adults receive an average of $38,000 in support
from their parents.
-University of Michigan
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- Today’s middle income families spend approximately $170,460 on each child through the age of 17. However, it seems parents continue providing support beyond that age: approximately 23 percent of that amount in the 17 years following.
-University of Michigan
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- On average, it was determined that the proportion of people in their 20s living with their parents increased 50 percent between 1970 & 1990.
-University of Michigan
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