Millennial Household Formation Expected To Improve

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January 30, 2017

In part because of low wage growth, the share of adults age 25 to 34 that lived with their parents crept up past 15 percent last year.

A fiscal stimulus this year is set to reverse that. As Millennials start to earn, more of them will be able to buy or rent their own homes, as Business Insider reports.

Tax cuts and increased infrastructure spending are expected to aid wage growth.

"If President Trump follows through on his promise to slash regulations, credit conditions are also likely to ease," said Matthew Pointon, a property economist at Capital Economics. "Taken together, that will enable more Americans to leave the parental home, and 2017 should see the share living with their parents edge down."

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