Despite improved employment & improving income Millennials are still living at home far more than any previous generation:
Bottom Line: The labor market isn't perfect. We still have millions of long-term unemployed and underemployed but it's better than it's been at any time post-recession. Raises aren't back to the annual 3%+ standard of a decade ago either but they're averaging 2.5% - which is also the best it's been since the recession. Despite this progress, one trend hasn't changed at all in recent years. Millennial adults are staying at home in record numbers.
According the Pew Research Center 10% of adults between the ages of 25-35 were still living at home in 2000. Today that's at 15%, which matches the high point reached during the recession. In other words, what once was an economic necessity due to a historic recession, has now become more of an economic convenience (at least for the Millennial adults). Changing attitudes among young adults along with greater acceptance among peers would appear to be driving this trend as much as the increasing rent rates across much of the country. For parents who would prefer to see their kids leave the nest prior to reaching the age of retirement for most professional athletes, setting the stage and expectations with your kids could be important while they're still in school.