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Postmedia - Generation Y stays home, financially savvy: survey

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Published: 13Jul2011

Are they "generation Y Bother" -or are they smarter than their parents? Members of generation Y are living with their folks longer and delaying such rites of adulthood as marriage and children, new data show…

Michael Smith, a sociology professor with McGill University in Montreal, noted that bigger houses are more common now, allowing adult children to live more comfortably with parents than in the past. "So they can live independently of parents, or substantially independently, while living inexpensively within the same environment (as parents)," he said.