The never-ending sleep-over continued in 2014: the share of 25-34 year-olds living with their parents increased again last year, new Census data show.
The overall ratio for this group climbed to 14.7% from 13.9%.
Here's the chart, which is broken down by gender. Interestingly, the share of 18-24 year-olds who are living at home continued to decline, to 54.9% from 55.3%, which likely reflects extended schooling for this group.
The main reason for the continued increase is obvious: the labor market remains extremely weak, and older 20-somethings are suffering most. The employment-population ratio for 25-34 year-olds climbed just 0.5 percentage points between January 2013 and January 2014; for 20-24 year-olds, it climbed 12 points.
But we may also be starting to see another demographic factor creeping in: young adults of Hispanic origin are more likely to live at home for longer — 45% of Hispanics 18 to 34 live with their parents, according to the Pew Hispanic Center.
Either way, the basement is going to need another round of fumigating.
Rob covers business, economics and the environment for Fusion. He previously worked at Business Insider. He grew up in Chicago.