The largest generation since the Baby Boomers, Millennials certainly have changed (or "disrupted", in the parlance of modern times) a lot of things that were previously status quo for decades. But according to in-depth new reporting from Curbed, one of those major things is an actual preference for intergenerational housing instead of striking out on their own with a new place directly after high school or college.
Often sensationalized by the news as a negative trend or a mark of generational laziness, millennials are technically living at home in record numbers (about 15 percent). But given all the economic chaos and record debt they've also been saddled with as a generation, those numbers don't actually seem that far off from the number of Gen Xers (10 percent) or Baby Boomers (8 percent) who also chose to live at home with their parents after high school or college, versus setting out on their own immediately.
Curbed's study compiles data analysis and recent research on millennial housing and financial trends with such in-depth relativity that it's a refreshing take on the logic and domestic harmony that's actually driving the everyday reality of many American homes as we speak. A new, multi-generational and mutually beneficial reality that's often obscured by sensationalism (even, ahem, at times in this publication), proving that many millennials are actually focused, driven, and overall pragmatic decision makers — planning and preparing to care for the aging end of the population while simultaneously being mocked by them.
Read the full report — "Millennials: The savvy, stay-at-home generation" — over on Curbed.com today, or browse some of our most recent coverage about intergenerational living trends and financial realities in America, below.
More in millennial housing & finance news:
- Here's How Long it Actually Takes Millennials to Save for a Down Payment
- Busting the Millennial Myth About Living at Home, In Real Numbers
- The New Odd Couple? This App Is Matching Boomers with Millennial Roommates
- One Inspiring Reason for Owning a Home: Multigenerational Living
- Bachelor/Bachelorette Parties Are Why You Can't Afford a Down Payment
- These Real Spending Trends Bust Every Millennial Myth About Money
- We Sent 3 Real Agents on a House Hunt for a Made Up Millennial Buyer
- Gen Xers Have Barely More Home Equity Than Millennials, Despite a 15 Year Head Start
- Despite Economic Recovery, Millennials Aren't Moving Out of Their Parents' Homes
- How to Create Private Spaces in Multigenerational Homes