Nearly 20% of 25- to 34-year-old men live with their parents
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.
Deutsche Bank
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.
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador