Put this chart down for one that helps support that narrative that all millennials are losers that live in their parents’ basement.
Via Deutsche Bank’s Torsten Sløk, we find that nearly 20% of men between the ages of 25 and 34 live at home. As a point of comparison, about 12% of women this age are living at home.
It’s unclear if these home-dwellers are living in the basement or not.
Last year, Sløk highlighted a similar chart showing that about a third of 18- to 34-year-old Americans were living at home, though when you skew this age cohort younger you get a lot of young people who live at home while attending school.
But as this latest figure shows that basically, even after school young people aren’t moving out that quickly.
Ultimately, you can see this dynamic one of two ways: either the number of young people living at home is a bullish force for the housing market going forward, or this is indicative of a lost generation that has suffered the ill-effects of a deep recession, massive student loan debts, and a general proclivity for incompetence.
The truth is probably somewhere in the middle, as tends to be the case.
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