Study: 1 In 4 20-Somethings Moving Back In With Parents
LOS ANGELES (CBSLA.com) — The Great Recession has forced more young people to move back in with their folks, according to a report released Wednesday.
KNX 1070′s Pete Demetriou reports a new study found Southern California has some of the highest concentrations of adult children living with their parents.
Researchers at Ohio State University took a survey of 20-to-34-year-olds throughout the U.S. and found 28 percent of young adults aged 25 to 29 moved home for extended periods of time between 2007 and 2009.
The same percentage was shared between the Los Angeles-Long Beach-Santa Ana region and the Oxnard-Thousand Oaks-Ventura area, according to the report (PDF).
The most common reasons cited for the return: failure to secure employment or make a living on wages earned while employed.
Aaron, 25, said he’s not surprised by the findings.
“I know a lot of people that don’t have jobs that are around my age or older,” he said.
Young men were more likely to move back home than young women by a 5 percent margin, with the study suggesting one possible reason being young men appeared to be under less obligation to do housework than women.
Certain ethnic groups were also more likely to return to the nest for financial or family reasons: Native Americans had a 30 percent return rate, while Latinos and whites were the least likely to move home.