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Report: Young adults more likely to live with parents than spouses

Increase In Housing Starts At End Of Year Signals Housing Market Recovery
Posted at 1:24 PM, Oct 01, 2019
and last updated 2019-10-01 20:07:34-04

(KGTV) -- Adults in their mid-20s are now more likely to live with a parent than with a spouse, according to an Apartment List report.

Using data from the U.S. Census Bureau, the report found that 50 years ago, 76 percent of 26-year-olds in America lived with their spouse.

Today, only 24 percent of 26-year-olds live with a spouse while they are more likely to live with a parent.

The bureau also found that 17 percent of 26-year-olds live with an unmarried partner, 15 percent live with a non-family roommate and 10 percent live alone.

In 2007, the year before the collapse of the housing market bubble, the composition of housing began to change.

According to Apartment List, the economic recession, ballooning student debt and lack of affordable housing in cities with job opportunities placed pressure on young adults who, in previous generations, would have been able to start their own households.

So what about the future? Apartment List says it expects the trend to continue as housing costs skyrocket. As rents rise, the site says roommates and co-living arrangements will become even more appealing.

Despite the discouraging trend, there are solutions. A housing development in the South Bay aims to give San Diego renters a better chance to become homeowners.

For those who are teachers, San Diego could begin to build affordable housing for employees and teachers struggling to make ends meet.

The solutions come as San Diego home sales rise after a steady decline.