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Study: Many Young People Still Live at Home

Last updated on Wednesday, February 5, 2014

(UNDATED) - A new survey out shows that 36% of 18 to 31 year olds still live at home with their parents.

The Pew Research study is based on 2012 data.

University of Indianapolis Economist Dr. Matt Will says the study is consistent with economic data that shows the unemployment rate for teens still ranges anywhere from 20 to 35% percent.

Will says the trend has been ongoing for the past five years at least.

Will says when young people have a tough time finding employment they continue to live at home. He says the nation isn't producing enough qualified young people to take jobs in the engineering and sciences fields where jobs are abundant.

The survey also shows that in 2011, 53.8% of young people made less than $25,000 from employment.

Will says the solution is primarily economic. He says young people need training and skills necessary to fill jobs that provide a promising future for them and the nation.

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