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A new PropertyManagement.com survey of 1,200 Americans between the ages of 26 and 41 shows that nearly one quarter are living with parents today – a historical high level since the Great Depression.
The pandemic drew many young people home in 2020, and now poor finances and rocketing inflation are keeping them there.
51% of millennials surveyed said “saving money” was among the key reasons they made the move, while 39% said they “couldn’t afford rent.”
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.