Nearly half of US young adults aged 18-29 live with their parents - Printable Version
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Nearly half of US young adults aged 18-29 live with their parents - Levin - 01-10-2023
Xavier Walton
Updated: SEP 22, 2023 / 08:11 AM CDT
(NewsNation) — About 50% of young adults are still living at home with their parents, a new Harris Poll for Bloomberg News revealed.
Nearly 90% of survey participants said their peers shouldn’t be judged for moving back home, especially when inflation has rocked the economy.
In addition to inflation, the pandemic set Americans back in multiple areas, creating ripple effects on the job market and income. As a result, millions of young adults have been calling their parents roommates.
......
Right now, about 23 million Americans ages 18 to 29 are living with family. That’s the highest number since the 1940s, following the great depression.
About 75% of participants said living with their family is a financial decision. Top factors include pandemic-era setbacks, record-high inflation rates, sky-high student debt and an unsettling job market.
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Living at home with parents or other family members has given the opportunity for young adults to save money at a time when Americans really need it.
This is something that’s changed, along with the stigma that comes along with living at home with mom and dad.
https://www.newsnationnow.com/business/your-money/young-adults-live-with-parents-study/
RE: Nearly half of US young adults aged 18-29 live with their parents - WhatDoYouThink! - 01-10-2023
It's a bad move unless they are going home to help out with family biz or farming, as they won't be actively looking for job in the near future.
More will be staying home to play games like lksmlj and to fight inflation.
RE: Nearly half of US young adults aged 18-29 live with their parents - Levin - 01-10-2023
(01-10-2023, 02:05 PM)WhatDoYouThink! Wrote: It's a bad move unless they are going home to help out with family biz or farming, as they won't be actively looking for job in the near future.
More will be staying home to play games like lksmlj and to fight inflation.
A lot of them are working and saving (thanks to not paying rent). There's an article in Bloomberg on this. But need to be a subscriber to read it.
https://www.bloomberg.com/news/articles/2023-09-20/nearly-half-of-young-adults-are-living-back-home-with-parents