American’s Living Arrangements

Whether you rent or own, this is interesting data just released by the US Censis Bureau as it shows how living arrangements have changed over time. Business Insider just reviewed the data and it’s an interesting read:

The results show that marriage is in decline, and other types of households have been steadily becoming more common.

In 1967, a full 70.3% of American adults over the age of 18 lived with a married spouse. By 2014, that proportion had dropped to a bare majority of 51.7%. Meanwhile, the percentage of adults who lived on their own nearly doubled, from 7.6% in 1967 to 14.3% in 2014.

The most dramatic jump was in households made up of unmarried romantic partners. Cohabitation was nearly nonexistent in 1967, with just 0.4% of householders living with an unmarried partner. In 2014, about 7.3% of adults lived with a partner.
Living Arrangements, 1967-2014

Here’s the most interesting part of the data from my read of the Business Insider article: While the proportion of all adults over 18 who live in their parents’ household has remained fairly steady over the years, ranging between about 10% and 12% of the population, looking at younger adults shows a different picture. The proportion of adults between the ages of 25-34 living at home has steadily gone up since the early 2000s (that’s almost a 44% increase!!).  My question is why?:

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About Greg Hanner, REALTOR®, Broker, e-PRO

Greg has been an agent with Garden Realty since 1989 (and became a Broker in 2008) specializing in single family, condo, and land sales. As a senior Project Mgr. for BROM Builders, Greg stays on the cutting edge with custom single family home and land sales. Greg also serves on the Eastern CT Asso. of Realtors Technology and MLS Committee (former 2014 and 2012 Chairman). If you would like information on custom building in eastern CT, visit www.BromBuilders.com . Greg holds a bachelor's degree from the University of CT and also holds a private pilot's license with an instrument rating. If you are looking for an agent who uses today's technology to maximize their communication abilities, then Greg might be the agent for you. As an e-PRO certified agent, Greg is proactive and savvy about the Internet and he can take the connected consumer seriously as well as meet their online needs.
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