Millennials Choose Parents: More Youth in Latin America Stay at Home Longer

According to a study by the Brazilian Institute of Geography and Statistics (IBGE), the proportion of young adults between 25 and 34 years of age who still live at home with parents increased from 21.2 percent in 2004 to 24.5 percent in 2013. Financial and emotional issues are among the explanations.

More of these adults apparently live in the southeast of Brazil, where the percentage was 26.8 in 2013. The lowest proportion of adults living at home was found in the north of the country.

The study also revealed that families constitute 86.2 percent of all households in 2013, compared to 89.7 percent in 2004. Couples without children increased from 14.6 percent to 19.4 percent in 2013 and single women with children decreased from 18.4 percent of all households to 16.5.

Although more young Brazilians reportedly stay at home longer, the IBGE survey also showed that the proportion of people living alone increased from 10 percent of total households in 2004 to 13.5 percent in 2013.

Another factor explored in the study was rent price and burden on families. The survey showed that about 25 percent of rents in Brazilian cities represent the so-called excessive burden on families. One in four rental properties are costing 30 percent or more of the budget of tenants. This burden now affects 5.2 percent of all urban households, compared to only 4.4 percent in 2004.

Apparently, in Brazil in 2013, families who paid excessive prices for their budget occupied 11.6 percent of urban households. This represents more than half (55 percent) of the total rent for this income range.

However, rental prices in the city of Rio de Janeiro decreased 0.9 percent in November 2014 in comparison to the previous month. This indicates continuously falling rental prices in the city.

More young adults—especially men—are delaying marriage and staying in their parents’ homes also in Chile and Argentina.

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