New Jersey is the top State in America with the highest number of millennial aged18 to 24 still living at home with their parents. The figure stands at 47 % of all the young adults in the state as at 2015. Only a third of this group could comfortably live independently of their relatives whereas the majority would prefer to live with their parents than their spouses.
So many explanations have been given explaining this trend, the leading one being that young people marry late in their lives due to their pursuit of a university degree. Census data reveals that New Jersey dragged behind in wage growth, a strong indication as to the cause of the highest number of millennial preferring to stay at home. With unemployment rates according to the Bureau of Statistics in the country standing at 4.8 %, the figure in New Jersey stood at 5 %. The data suggest more youth will opt to stay at home due to harsh economic conditions. Most of the recent college graduates are strapped with debts, the average debt load as at 2014 for a single graduate standing at $28,000. The data is a generation of the Institute for College Access and Success.
Gender divides at work places
The gender imbalance at work places played a crucial role in exacerbating this situation of parenting in states like New Jersey. Pew Research Center showed that women are more likely to live with a spouse or a partner. More senior citizens were found to live alone since their relatives had passed away or had moved to nursing homes. Counties that joined the list as having the most dependent millennial included Hunterdon, Passaic and Sussex, each standing at 55 %. The situation would not be very encouraging, in the economic sense, since most of them will not have the capability of buying homes and starting new families.