A third of American Millennials live with their parents.
A third of American millennials live with their parents. ~ US Census ReportThose living at home tend to be younger, male, and with varying levels of education *-Today, more people between the ages 18 and 34 live with their parents, 22.9 million, than live with a spouse 19.9 million36.8% of 18-34 years olds live with parents in Mississippi.Average MS student loan debt $29,942 ~cnsnews.comBarriers :Mississippi residents owe$11B in College loans.~Clarion LedgerAccording to College Board the average cost of tuition and fees for 2016-2017 school year was $33,480 at private colleges and $9,650 for state residents at public colleges.MS Unemployment Rates 4.9%Since April 2016 the # of unemployed Mississippians fell, making the # of Mississippians w/out jobs a total of 11,500. In April 2017 fewer Mississippians were unemployed since Jan. 1999~Sarah UlmerAverage US existing sales price $258,300 ~YChartsMedian List Price for Home in Tupelo $130,000 ~realtor.comBreaking Through, Moving OutWhile those lesser means and challenging circumstances have an uphill road to home ownership, there are ways to make transition easierConclusion: Generation Y is faced with a challenging path to homeownership, largely fueled by student loan debt. But multiple methods, including frugal lifestyle choices, good credit, government assistance, and save real-estate instincts can get them out of the bonus room and into a residence of their very own.Millennials live w:parents