From 2016 to 2021, nearly every state saw a spike in the number of young adults between the ages of 25 and 44 forming new households, a development with far-reaching implications for state populations, economic growth and infrastructure.
For many millennials, the economic fallout of the Great Recession a decade and a half ago postponed what for many is a major milestone: leaving their parents’ house or housing shared with roommates to form their own household. But millennials began striking out on their own at a rapid clip starting about seven years ago, according to a new Stateline analysis of census data from the American Community Survey.
For some couples, setting up a household feels like a prerequisite for having children. Housing purchases fuel housing construction. And when people buy furniture, appliances and the countless other items needed to keep a home, those purchases support sales and jobs in manufacturing and retail.
