Nearly Half Of All 25-Year-Olds In The US Live At Home With Their Parents

Think your life is a mess because you're 25 years old and still living at your parents' house?

Don't worry; according to statistics, nearly half of people your age are complete messes too.

According to the Regional Economist, the quarterly publication from the Federal Reserve Bank of St. Louis, 48.8 percent of 25-year-olds living in the US currently live with their parents.

That's up from only 25 percent in 1999.

The article's authors, economists Maria Canon and Charles Gascon, found a few reasons why more and more young people are finding it harder to move out of the bedroom in which they grew up.

The first, and possibly most important, reason is the dismal labor market.

The authors astutely note, those first entering the labor force may need more time to transition. This is accurately reflected in the unemployment rate for those between ages 21-27, which is often higher than other demographics.

And, if you're a 20-something who was lucky enough to land a job, odds are you're severely underemployed.

The next reason is our generation's ridiculous student loan debt.

According to a 2015 report from the Federal Reserve Bank of New York, a $10,000 increase in a person's student loan debt increases the probability of living with parents at the age of 25 by about 2 percentage points.

And when you take into consideration that the average student debt at the time of college graduation grew from $18,550 in 2004 to $28,950 in 2014, it's not hard to imagine having to move home again just to get by.

Last but not least, the authors also took into account the insane housing market.

Want to get a tech job in San Francisco? Cool. The average per capita income there is $48,486.

The average one-bedroom apartment in San Francisco will cost you $3,120 a month, or $37,440 a year. Not a chance in hell you're affording that and eating.

Want to buy instead of rent? The average home price in San Francisco just hit $1 million.

Millennials are going to college to get a job to pay for college. The American Dream, for this generation at least, is completely out of reach.

While that's a sad fact, at least you can take solace in knowing you aren't alone.

And hey, you can always just say you live with a few older roommates. Nobody will know the difference.

Citations: Why Are More Young Adults Still Living at Home? (Federal Reserve)