18.4 million 20- and 30-somethings are living with their parents
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he U.S. home ownership rate dropped for the
ninth year in a row in 2013, thanks in no small part to the fact that millions
of 20- and 30-somethings were still living with their parents, according to the
latest “State of the Nation’s Housing” report from Harvard University’s Joint
Center for Housing Studies.
The decline in home ownership rates from 2004
to 2013 was most dramatic among 25- to 34-year-olds (down nearly 8 percentage
points) and 35- to 44-year-olds (down 9 percentage points). Some 15.3 million adults
in their 20s and 3.1 million in their 30s were still living with their parents
last year, helping bring the home ownership rate down to 65.1 percent.
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