Although many Millennials in the U.S. consider marriage and having children as not on top of their priorities, it does not mean they have no plans of leaving the family home. However, unlike many Baby Boomers who sought independence from their Parents upon reaching 18 years old, the situation is different for children born in the 1980s and 1990s who are now adults.

A study by TD Ameritrade said many millennials plan to live with their parents until age 25. When they reach 26, the current teens think it is considered embarrassing to still stay in the same house with mom and dad.

However, for millennials who are in their early 20s, the age they consider embarrassing to still live in their parents’ home is a bit higher at 28 years old, according to the Young Money Survey, CNN Money reported.

Millennials attitudes toward working life, education, and money

The survey had 2,001 Americans between the ages of 13 and 26 as respondents. For more than four decades, TD Ameritrade, an independent registered investment advisor has helped clients make investing and trading easier to understand.

The study found that 39 percent of millennials could not afford to leave their parents’ home and be independent because of student debt. As a result, 31 percent of those in college and 43 percent of those who have degrees postpone buying a home.

Another 31 percent delay saving for retirement, 27 percent postpone moving out of their parents’ house, 25 percent put off having kids, and 21 percent eschew getting married yet. But despite the debt they got into to acquire education, 57 percent of the millennials say the cost of acquiring a degree is a good investment in their future.

Average American also finds owning a house a difficult goal to reach

But it is not just the millennials who are struggling financially to leave their parents’ house and buy their own home. A new report by RealtyTrac said the increase in Home Prices grew faster than wages in two-thirds of housing markets in the U.S. The study identified New York City and San Francisco as the least affordable cities.

With the nine percent hike in home prices, home buyers end up spending more of their income on housing than other expenditures. The study was based on home sales, and income data from 456 counties in the U.S. whose combined population was 221 million.

A contributory factor to the home price bubble is the practice of home flipping, or buying and selling of houses to make a quick buck in a hot housing market, Reuters reported.