We have has several posts about the growing trend of more and more young people “staying in the nest” and not striking out on their own. A recent report from Apartment List says more young adults are now living with their parents since 1940. They say young adults who live at home today are also more likely to be there out of necessity rather than choice, with their data showing fewer than one-in-five are earning incomes that would allow them to comfortably afford local rent prices. Indeed…
Moving out of one’s parents’ house is often thought of as a key milestone on the path to adulthood. But in the face of waning housing affordability, a growing number of Americans are continuing to live with their parents into adulthood. In 1970, just 7 percent of 25 to 35 year-olds lived in their parents’ homes, but as of 2022, that share has more than doubled to 17 percent.
Click here to read the full report at Apartment List.
