Home | Newsletter | Advertise
loading...

Millennials Aren't Really Living in Their Parents' Basements, They're Just Going to College

  • July 7th 2014

by Lark Turner

Millennials Aren't Really Living in Their Parents' Basements, They're Just Going to College: Figure 1

The widely-reported uptick in millennials “living with their parents” may be due to a Census quirk, according to the Atlantic’s Derek Thompson.

The Census’ Current Population Survey, which many outlets use to report on population trends, “counts students living in dormitories as living in their parents’ home,” as Thompson points out. (Thompson himself, along with many other commentators, has previously suggested that millennials are “increasingly” choosing to live with their parents thanks to the recession’s aftershocks.)

A 2013 analysis of the trend by Pew took into account that some of the students “living at home” were in college and still concluded that the number of people living at home was on the rise. But Thompson points out that rise has, on the whole, been greatly exaggerated in the media. The rising number of kids going to college accounts for a big chunk of the trend.

From Pew:

“A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students.”

See other articles related to: millennials, the atlantic

This article originally published at https://dc.urbanturf.com/articles/blog/millennials_arent_really_living_in_their_parents_basements_theyre_just_goin/8701.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse