According to Fannie Mae’s Economic and Strategic Research Group, the pace of Millennials – in their mid- to late 20s or early 30s- leaving their parents’ homes is accelerating significantly.
Young adults from 24 to 25 in 2013 and from 26 to 27 in 2015 residing with their parents dropped by 7.6 percentage points. On the other hand, those who passed through that same age range between 2010 and 2012 saw a decline of only 5.4 percentage points, researchers note.
Young Guys Finally Flee Parents’ Homes
The pace of young adults leaving their parents’ homes is accelerating significantly, Fannie Mae’s Economic and Strategic Research Group notes in a new analysis. Young adults in their mid- to late 20s or early 30s living with their parents fell between 2013 and 2015-a period known as the economic recovery-much more so than between 2010 and 2012, when the economy and housing market were still recovering from the Great Recession, researchers note.