Thursday, November 21, 2019
The city that has the most adults living at home
The city that has the most adults living at homeThe city that has the most adults living at homeWhat are the factors keeping so many Americans from leaving the nest? Many experts have speculated about the various economic factors, but region may additionally play a role.Thankfully, MagnifyMoney recently published a comprehensive analysis of the cities that harbor the most adults still living with their parents. These included men and women between the ages of 25 and 40 that did bedrngnis identify as active students, across 50 of the largest metros in America.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moreSo which city has the most adults living with their parents? Riverside, California currently houses the most adults still living at home, with 28%. The authors of the study conjecture that the citys high unemployment rate is a leading factor. New York, Miami, and Los Angeles trail close behind . One in four adult residents of these cities, currently live at home with their parents.In every city reviewed, adult men were observed to live with their parents the most frequently with the exception of Austin, Texas.Collectively about one in four adults between the ages of 25 and 40 currently living with their parents had children of their own that also lived with them, and one in five of this same group does not currently contribute to the labor market (defined as individuals that are not currently seeking work), with 8.6% merely being provisionally unemployed, (defined as individuals that wish to work but have yet to have any luck finding a new job).Minneapolis features some of the lowest instances of adults living under their parents roof out of all the cities reviewed. Just under 12% of adults between the ages of 25 and 40 currently do so, just above Seatle (11.6%) and a four-way tie between Indianapolis (12.3), Kansas City, Raliegh, and Portland.Take a look at the Top 10 ci ties with the highest percentages of adults aged 25-40 living with their parentsRiverside (28.1%)Miami (27.7%)Los Angeles (26.6%)New York (24.7%)San Antonio (23.2%)New Orleans (22.9%)Philadelphia (22.5%)Providence, RI (22.3%)Baltimore (22.1%)Orlando, Fla. (21.1%)The key factorsAlthough the study correctly highlights the cost of living to reliably determine rates of adults living with their parents, they additionally add that his factor does not stand alone. Many of the factors that contribute to adults prolonging their tenure in the nest pertain to adifficultyto efficiently save up money a plethora of regional roadblocks that eat up wages much quicker than theyre earned.The cites that had some of the highest numbers tended to be coastal cities, Miamiand Tampa for instance, or even San Fransico and New Orleans. These metros all share similaritiesin these key factors housing costs relative to income, prices on goods and services, income inequality and commute times.You might also enjo yNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people
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