Tracey Porpora at the Staten Island Advance chatted with our CEO, James Prendamano about the Millenial generation. Per a new study by Apartment List, 26-year-olds are now, more than ever, more likely to live with a parent than a spouse. In fact, just 50 years ago the percentage of 26-year-olds living with a spouse was 76%. That number has now reduced to only 24%. What is causing this rapid decline?
“As so many things have changed over the last 20 years, so have our social patterns and that indelibly ties to real estate patterns. Today, the average age for marriage is 28.2, so you’re seeing these folks stay at home longer in many cases to pay back large student loans, save on housing costs, etc.,” said James Prendamano.