Even before graduating last month with a finance degree from San Diego State University, Lisa Huckemeyer's son Tyler landed a job loaded with benefits. The 21-year-old's new position as an internal auditor comes with a 401(k) plan, phone, gym membership and even a company car, which he uses to drive to work — from his parents' house every day.
Like many millennials, he moved back home immediately after college, even though he can afford an apartment with a roommate or other type of living situation.
For the first time, more 18- to 34-year-olds live at home with their parents than in any other arrangement, according to a recent study by the Pew Research Center.
In 2014, just over 32 percent of millennials were living in their parents' home, slightly more than the number living with a spouse or partner, according to Pew's analysis of the most recent census data. Just 14 percent were living alone or with roommates.
They are also staying at home longer. This year, 36 percent of graduating seniors plan to live at home at least a year or more after graduation, according to a recent survey by the job site Indeed.
"There isn't that same pressure to move out as quickly," said Tara Sinclair, chief economist for Indeed.