Money
Map: Where Young Adults Live With Their Parents in the U.S.
Map: Where Young Adults Live With Their Parents in the U.S.
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. How does this national average compare to individual states, and how does data break down further by age and gender over time?
Living at Home
Today’s interactive map comes to us from Overflow Data, and visualizes data at the state level, showing a wide range from 16% (D.C., North Dakota) to closer to 47% (New Jersey).
Here are the five states with the highest proportion of young adults living at home:
| Rank | State | Population (Young Adults) | % Living at Home |
|---|---|---|---|
| #1 | New Jersey | 1.9 million | 47.3% |
| #2 | Connecticut | 0.7 million | 42.0% |
| #3 | New York | 4.5 million | 40.5% |
| #4 | Florida | 4.3 million | 40.0% |
| #5 | California | 9.4 million | 39.3% |
New Jersey is the surprising leader here, with 47.3% of young adults between 18-34 years living at home. This is at least partially a result of the state’s proximity to big cities like New York City and Philadelphia, in which young adults choose to commute instead of renting or buying places in those cities themselves.
With higher housing costs and rents, it’s also not surprising to see other states with large populations like California, Florida, and New York as being well represented at the top of the list.
Differences by Age
While figures are going up across the board, a particular subsegment (25-34 years old) stands out as rising to its highest point in at least 30 years.
Both men and women in this older millennial segment are starting to become more likely to stay at home:
There are many potential culprits for this trend, including social and economic factors.
It’s well-documented that millennials are marrying later, which is a traditional impetus for moving away from home. Today’s young adults are also putting off having kids until later in adulthood.
At the same time, on the economic front, higher housing prices and mounting student debt are two factors that are preventing young adults from having the necessary resources to move out as early as they might like.
What do you think is the major cause behind this trend, and do you think it will reverse?
GDP
Visualizing U.S. GDP by Industry in 2023
Services-producing industries account for the majority of U.S. GDP in 2023, followed by other private industries and the government.
Visualizing U.S. GDP by Industry
The U.S. economy is like a giant machine driven by many different industries, each one akin to an essential cog that moves the whole.
Understanding the breakdown of national gross domestic product (GDP) by industry shows where commercial activity is bustling and how diverse the economy truly is.
The above infographic uses data from the Bureau of Economic Analysis to visualize a breakdown of U.S. GDP by industry in 2023. To show this, we use value added by industry, which reflects the difference between gross output and the cost of intermediate inputs.
The Top 10 U.S. Industries by GDP
As of Q1 2023, the annualized GDP of the U.S. sits at $26.5 trillion.
Of this, 88% or $23.5 trillion comes from private industries. The remaining $3 trillion is government spending at the federal, state, and local levels.
Here’s a look at the largest private industries by economic contribution in the United States:
| Industry | Annualized Nominal GDP (as of Q1 2023) | % of U.S. GDP |
|---|---|---|
| Professional and business services | $3.5T | 13% |
| Real estate, rental, and leasing | $3.3T | 12% |
| Manufacturing | $2.9T | 11% |
| Educational services, health care, and social assistance | $2.3T | 9% |
| Finance and insurance | $2.0T | 8% |
| Wholesale trade | $1.7T | 6% |
| Retail trade | $1.5T | 6% |
| Information | $1.5T | 6% |
| Arts, entertainment, recreation, accommodation, and food services | $1.2T | 4% |
| Construction | $1.1T | 4% |
| Other private industries | $2.6T | 10% |
| Total | $23.5T | 88% |
Like most other developed nations, the U.S. economy is largely based on services.
Service-based industries, including professional and business services, real estate, finance, and health care, make up the bulk (70%) of U.S. GDP. In comparison, goods-producing industries like agriculture, manufacturing, mining, and construction play a smaller role.
Professional and business services is the largest industry with $3.5 trillion in value added. It comprises establishments providing legal, consulting, design, administration, and other services. This is followed by real estate at $3.3 trillion, which has consistently been an integral part of the economy.
Due to outsourcing and other factors, the manufacturing industry’s share of GDP has been declining for decades, but it still remains a significant part of the economy. Manufacturing of durable goods (metals, machines, computers) accounts for $1.6 trillion in value added, alongside nondurable goods (food, petroleum, chemicals) at $1.3 trillion.
The Government’s Contribution to GDP
Just like private industries, the government’s value added to GDP consists of compensation of employees, taxes collected (less subsidies), and gross operating surplus.
| Government | Annualized Nominal GDP (as of Q1 2023) | % of U.S. GDP |
|---|---|---|
| State and Local | $2.1T | 8% |
| Federal | $0.9T | 4% |
| Total | $3.1T | 12% |
Figures may not add up to the total due to rounding.
State and local government spending, largely focused on the education and public welfare sectors, accounts for the bulk of value added. The Federal contribution to GDP amounts to roughly $948 billion, with 52% of it attributed to national defense.
The Fastest Growing Industries (2022–2032P)
In the next 10 years, services-producing industries are projected to see the fastest growth in output.
The table below shows the five fastest-growing industries in the U.S. from 2022–2032 in terms of total output, based on data from the Bureau of Labor Statistics:
| Industry | Sector | Compound Annual Rate of Output Growth (2022–2032P) |
|---|---|---|
| Software publishers | Information | 5.2% |
| Computing infrastructure providers, data processing, and related services | Information | 3.9% |
| Wireless telecommunications carriers (except satellite) | Information | 3.6% |
| Home health care services | Health care and social assistance | 3.6% |
| Oil and gas extraction | Mining | 3.5% |
Three of the fastest-growing industries are in the information sector, underscoring the growing role of technology and digital infrastructure. Meanwhile, the projected growth of the oil and gas extraction industry highlights the enduring demand for traditional energy sources, despite the energy transition.
Overall, the development of these industries suggests that the U.S. will continue its shift toward a services-oriented economy. But today, it’s also worth noticing how services- and goods-producing industries are increasingly tied together. For example, it’s now common for tech companies to produce devices, and for manufacturers to use software in their operations.
Therefore, the oncoming tide of growth in service-based industries could potentially lift other interconnected sectors of the diverse U.S. economy.
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