We all have heard rumors or made assumptions about the Millennial generation. But wait! Maybe it’s not what it seems. More and more research has been coming forward regarding the Millennial generation. Let’s see what myths we can debunk today!…

MYTH: Millennials Live in their Parents’ Basements.stepbrothers activities scene

Reports may not be as literal as they say. A post by Derek Thompson in the Atlantic: The Misguided Freakout About Basement-Dwelling Millennials explains that according to the Census Reports:

“It is important to note that the Current Population Survey counts students living in dormitories as living in their parents’ home.”

Wait…so if you live in a college dorm, the census counts you as living with your parents?! Thompson has some fun with this when he states:

“When you were adjusting to your freshman roommate, you were ‘living with your parents’. When you snagged that sweet triple with your best friends in grad housing, you were ‘living with your parents’. That one time you launched butt-rattling bottle rockets at the stroke of midnight off your fraternity roof? I hope you didn’t make too much noise. After all, you were ‘living with your parents’.”

Thompson explains that part of the increase in these numbers is actually attributed to the fact that more people are attending college:

“[T]he share of 25- to 29-year-olds with a bachelor degree has grown by almost 50 percent since the early 1980s. More than 84 percent of today’s 27-year-olds spend at least some time in college and now 40 percent have a bachelor’s or associate’s degree. More young people going to school means more young people living in dorms, which means more young people ‘living with their parents’, according to the weird Census.”

So it turns out that not as many Millennials are living with their parents as you think!

Source: Keeping Current Matters

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