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The U.S. Census Bureau's July 1, 2015, population estimates revealed significant differences in population growth by age group, highlighting major impacts of population aging since 2010. There were also differences in state-by-state population growth. For example, more than half of states reported fewer working-age adults and fewer children in 2015 than in 2010. At the same time, every state saw large increases in the size of their 65+ populations. This post highlights some of the major age…
“The US homeownership rate reached 63.4% in the second quarter of 2015, the lowest level in almost fifty years. The homeownership rate is especially low among millennials, and continues to decline each quarter. There are many factors affecting this trend – rising rents, student loans, and delayed marriages, for example – making it difficult to forecast trends in millennial homeownership… Our research suggests that affordability is the biggest barrier to homeownership, with 77% of millennials…
“In 2014, for the first time in more than 130 years, adults ages 18 to 34 were slightly more likely to be living in their parents’ home than they were to be living with a spouse or partner in their own household. This turn of events is fueled primarily by the dramatic drop in the share of young Americans who are choosing to settle down romantically before age 35. Dating back to 1880, the most…
"Young adults today, often called the millennial generation, are more likely to be foreign born and speak a language other than English at home, compared with young adults in 1980." - U.S. Census Bureau press release The U.S. Census Bureau released the most recent 5-year American Community Survey data last week, covering 2009-2013. In conjunction with this, they also released a new edition of Census Explorer, a collaborative effort with Social Explorer to produce interactive…
Over the summer I read “10 Things Millennials Won’t Spend Money On.” What do some of these trends look like in North Carolina? While many of these 10 things are difficult to examine in the data I normally work with, a few are readily available. Using data from the 1980, 1990, and 2000 decennial censuses and the 2012 American Community Survey, I examined home ownership, marital status, and childlessness among North Carolina young adults (ages 20-30) in…
Nationally, more than a third (35%) of all twenty-something young adults were living at home in 2012. The largest share was in New Jersey: nearly half (48%) of New Jersey's young adults were still living in a household headed by their parent or step-parent. In three other states--Connecticut, New York, and California--more than 40% of young adults were living at home. In contrast, only 17% of young adults ages 20-29 were living with their parents in North…
“In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home... This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009…. The steady rise in the share of…
“Young adults ages 20 to 24 are more likely to be neither working nor enrolled in school than their counterparts two decades ago. […] The numbers are worrying because people in their early twenties are at a critical juncture in their lives. The questions they’re tackling—What should I do for a living? Should I get a degree in this or that? How can I land a good first job?—will shape the rest of their lives.…
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