NORTHRIDGE (CBSLA.com) — For the first time in more than 130 years, adults ages 18 to 34, are more likely to be living at home with their parents, according to a new study.
The study released Tuesday by the Pew Research Center found in 2014, more than 32 percent of millennials were living with their parents.
The study cited three reasons: millennials are waiting longer to get married, they’re having more difficulty finding and keeping a job, and the cost of living is higher than ever before.
“That’s not surprising at all. A lot of my friends, until they have a job where they’re making at least $50K, they are living at home,” said Han Sook Oh.
Han Sook just finished her master’s degree and is interning at Cal State Northridge while she looks for a job.
Throughout her college career, she has lived at home with her parents and she likes to look on the bright side.
“Being able to cook at home and be comfortable, it’s been a great help while I’m in school,” she said. “But I am looking forward to being independent, on my own.”
Han Sook says another reason young adults live at home is to help their parents make ends meet by contributing to the family’s income and to save enough money to help take care of their parents as they get older.