Mother’s Day is better known as “Landlord’s Day” for many millennials

The number of people ages 23 to 37 that live with their mom has increased almost 10 percent since 2005

National /
May.May 12, 2019 09:00 AM

(Credit: Getty, iStock)

This Mother’s Day could conceivably double as “Landlord Appreciation Day” for many millennials who still live at home.

To celebrate the holiday, Zillow studied where millennials — defined as people aged 23 to 37 — live with their mothers across 50 major U.S. regions, the Daily Breeze reported. Across the nation, 22 percent of millennials were found to be living with mom in 2017, a 9 percent jump since 2005.

According to the study, Riverside and San Bernardino counties topped the rankings with 35.4 percent living at home. Miami-Fort Lauderdale was a close second with 34.8 percent.

L.A. and Orange counties together ranked third-highest with 32 percent of the region’s millennials living with mom. In 2005, it was just 18.6 percent and L.A.-O.C. rent was 45.7 percent of income, the costliest metro area in the nation. In December, Zumper reported that 12 percent of renters in L.A. get help from parents to pay rent.

In New York City, 31 percent of millennials are living at home, while Chicago saw 25.3 percent of its millennials living with mom.

The so-called stalled generation is famously wrestling with student debts and expensive housing markets, as well as helping parents “age in place.” [Daily Breeze] — Gregory Cornfield


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