That is because unmarried college students residing in dormitories are counted as living with their parents. The CPS somewhat overstates the number of young adult college students who live with their parents. All estimates use complete datasets supplied by the Census Bureau the estimates are not seasonally adjusted.
The CPS is based on a sample survey of about 60,000 households. The CPS is the nation’s premier labor force survey and is the basis for the monthly national unemployment rate released on the first Friday of each month. Census Bureau for the Bureau of Labor Statistics. The analysis of recent trends and characteristics is based on the monthly Current Population Survey (CPS), conducted by the U.S. We wanted to see whether young adults again resorted to that “private safety net” amid widespread shutdowns and rough economic conditions caused by the coronavirus pandemic. The share and number of young adults living with their parents rose during the Great Recession era a decade ago, as family became an economic refuge for many.
