Watch out parents - your college graduate may be returning home. (Source: Wikicommons/MGN Online)
(RNN) – Many post-collegiate graduates aren't moving on into "the real world" – they are moving back in with mom and dad.
According to a new Gallup poll, 14 percent of adults between the ages of 24 and 34 reported living with their parents.
By comparison, 51 percent of young adults ages 18 to 23 and pursuing higher education still live in their childhood homes.
Gallup suggests that many factors contribute to one in seven millennials returning to their parents' house: finding a job, their own place to live and finding a spouse and beginning their own families.
"There are potential roadblocks on the path to independence that may force young adults to live with their parents longer, including a weak job market, the high cost of living, significant college debt and helping care for an elderly or disabled parent," Gallup said.
Job status ranked as the second most important factor of whether millennials lived with a parent or not; marital status ranked as the top factor.
Of those polled, 75 percent of millennials age 24 to 34 are single and live at home, compared to just 35 percent who aren't living with their parents; 12 percent of married couples live at home, compared to 46 percent of those who are on their own.
The marital status of many millennials is reflected in a 2013 Gallup poll that reported nine percent of people ages 18 to 34 aren't and don't want to be married.
The data showed that those more likely to live with their parents are unlikely married, did not finish college and are underemployed.
However, Gallup says that "an improved job market and economy should lead to a decrease in the percentage e of young adults living with their parents."
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