A recent report from RentCafe reveals that approximately 14 million Millennials and 23 million Gen Z-ers shared a household with at least one family member. RentCafe says this represents the largest generational shares across all age groups.
“Digging into the data reveals a tale of generational adaptation, financial pragmatism, and evolving familial structures that are reshaping the American Dream.”
Some key findings:
- 20% of Millennials and 68% of Gen Z-ers still live with other family members.
- Many members of the younger generations living at home do not anticipate a change any time soon.
- Over 40% of Millennials and Gen Z-ers expect to share their homes for at least two more years.
- California is the state with the most Millennials and Gen Z-ers living in multigenerational households.