It’s more than just anecdotal. New analysis by the Pew Research Center shows that young people are choosing to live at home with their parents over any other type of living arrangement.  At 32% in 2014, this is the first time that those living at home have outnumbered those living with a spouse or partner since records were first tracked by the U.S. Census in 1880.

With contributing factors thought to include high student-debt loads, rising rental prices, and the postponement of marriage, this phenomenon affects the economy in various ways from overall reduction in consumer spending, historically low levels of home ownership and new home construction as well as additional changes in the housing market caused by parents who cannot downsize because they have larger families for longer periods of time.

Goodbye, Empty Nest: Millennials Staying Longer With Parents