Money

Map: Where Young Adults Live With Their Parents in the U.S.

Published

4 years ago

January 3, 2019

Jeff Desjardins

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:

Where Young Adults Live With Their Parents in the U.S.

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?

Related Topics:Millennials home living parents young adults

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Datastream

Charted: Public Trust in the Federal Reserve

Public trust in the Federal Reserve chair has hit its lowest point in 20 years. Get the details in this infographic.

Published

2 weeks ago

May 23, 2023

Marcus Lu

The Briefing

Gallup conducts an annual poll to gauge the U.S. public’s trust in the Federal Reserve
After rising during the COVID-19 pandemic, public trust has fallen to a 20-year low

Charted: Public Trust in the Federal Reserve

Each year, Gallup conducts a survey of American adults on various economic topics, including the country’s central bank, the Federal Reserve.

More specifically, respondents are asked how much confidence they have in the current Fed chairman to do or recommend the right thing for the U.S. economy. We’ve visualized these results from 2001 to 2023 to see how confidence levels have changed over time.

Methodology and Results

The data used in this infographic is also listed in the table below. Percentages reflect the share of respondents that have either a “great deal” or “fair amount” of confidence.

Year	Fed chair	% Great deal or Fair amount
2023	Jerome Powell	36%
2022	Jerome Powell	43%
2021	Jerome Powell	55%
2020	Jerome Powell	58%
2019	Jerome Powell	50%
2018	Jerome Powell	45%
2017	Janet Yellen	45%
2016	Janet Yellen	38%
2015	Janet Yellen	42%
2014	Janet Yellen	37%
2013	Ben Bernanke	42%
2012	Ben Bernanke	39%
2011	Ben Bernanke	41%
2010	Ben Bernanke	44%
2009	Ben Bernanke	49%
2008	Ben Bernanke	47%
2007	Ben Bernanke	50%
2006	Ben Bernanke	41%
2005	Alan Greenspan	56%
2004	Alan Greenspan	61%
2003	Alan Greenspan	65%
2002	Alan Greenspan	69%
2001	Alan Greenspan	74%

Data for 2023 collected April 3-25, with this statement put to respondents: “Please tell me how much confidence you have [in the Fed chair] to recommend the right thing for the economy.”

We can see that trust in the Federal Reserve has fluctuated significantly in recent years.

For example, under Alan Greenspan, trust was initially high due to the relative stability of the economy. The burst of the dotcom bubble—which some attribute to Greenspan’s easy credit policies—resulted in a sharp decline.

On the flip side, public confidence spiked during the COVID-19 pandemic. This was likely due to Jerome Powell’s decisive actions to provide support to the U.S. economy throughout the crisis.

Measures implemented by the Fed include bringing interest rates to near zero, quantitative easing (buying government bonds with newly-printed money), and emergency lending programs to businesses.

Confidence Now on the Decline

After peaking at 58%, those with a “great deal” or “fair amount” of trust in the Fed chair have tumbled to 36%, the lowest number in 20 years.

This is likely due to Powell’s hard stance on fighting post-pandemic inflation, which has involved raising interest rates at an incredible speed. While these rate hikes may be necessary, they also have many adverse effects:

Negative impact on the stock market
Increases the burden for those with variable-rate debts
Makes mortgages and home buying less affordable

Higher rates have also prompted many U.S. tech companies to shrink their workforces, and have been a factor in the regional banking crisis, including the collapse of Silicon Valley Bank.

Where does this data come from?

Source: Gallup (2023)

Data Notes: Results are based on telephone interviews conducted April 3-25, 2023, with a random sample of –1,013—adults, ages 18+, living in all 50 U.S. states and the District of Columbia. For results based on this sample of national adults, the margin of sampling error is ±4 percentage points at the 95% confidence level. See source for details.