Household Formation Over Time: Evidence from Two Cohorts of Young Adults

Much recent discussion has centered on the decline in the household formation of young adults during and following the Great Recession. Many young individuals chose to live at home rather than move out to form their own households, while others moved back in with their parents after previously living independently. Numerous reports and articles have explored the recent household-formation behavior of young adults, as economists, sociologists, and others try to determine why the number of young adults living independently has decreased.