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Millennials are embarrassed to still live with parents, but some are too poor to move out

Young millennials also have plenty of regrets about their college experience.
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Young millennials admit they'd be embarrassed if they were still living with their parents in their late 20s, but student debt is making it difficult for them to fly the nest.

A survey of adults aged 20-26 by Ameritrade has plucked out some interesting data about young adult attitudes to college, money, work and everyday life.

And one number that caught the eye is 28 – the age at which 34 percent of 20-26 year olds said they would be embarrassed to still be living at home with their parents.

Twenty-seven percent said 30-34 was the cut-off point for living at home, while 11 percent said they wouldn't get embarrassed until they had passed 35, which is getting into Dale and Brennan fromStep Brothers territory.

The problem with that is for some millennials, particularly college grads, moving out isn't always easy because money can be tight.

Some 27 percent of those who responded to the survey said they had delayed moving out of their parents' house because of student debt.

This could be a reason why in 2016, 15 percent of 25 to 35-year-olds reported living at home with their parents. That’s 5 percent more than Generation Xers in 2000, and 7 percent more than late boomers in 1981.

However, high school grads were twice as likely to be still living at home at this age than college graduates.

Regrets, they have a few

It seems like there is plenty of regret among some young adults about their college experiences, not least making sure they have set themselves up financially for the real world.

Around 17 percent of recent graduates – 24 percent among those living in cities – said the piece of advice they would give their 18 year old selves would be to earn some money during college to help keep their debt down afterwards.

And when asked if they could do it all again, how they would change their college experience, 24 percent answered they would "spend less money/get into less debt" while 22 percent said they'd change their major for one that leads to a career in a better paying field.

This financial angst among young millennials could have something to do with the fact that the average student who went to a four-year college in Minnesota graduated in 2015 with around $31,500 debt.

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