Study says young adult Hispanics like living with their parents

Young Latinos have always been more likely to keep living with their families when they become adults. That’s truer than ever now, when leaving the parental nest amid the recession and rising cost of living can mean taking a big financial risk. As a result, Hispanics between ages 18-34 prefer to delay setting up their own homes – with the result that 45 percent live with their parents.The tough economic situation has had a similar impact on young adults in general. Some 38 percent of non-Hispanic whites and 32 percent of blacks between ages 18-34 live with their parents, something they don’t see as a negative factor. These young people are as satisfied with their family life and home as those living independently. By the same token, parents with adult children at home are equally pleased with the situation.Hispanics in particular have 37 percent more probability of living in multigenerational homes. In a recent study, Tr3s found that these families are happy living under the same roof, a situation in which they can help and support one another. Spanish is the preferred language in these homes. Nine out of 10 Latinos speak Spanish within multigenerational homes, even though they speak English elsewhere.