Approximately 1 in 3 U.S. adults ages 18 to 34 live in their parents' home, according to U.S. Census Bureau data.
The pandemic caused more young adults to return home or remain living with their parents into their late 20s and 30s, but aside from that spike, the numbers have remained fairly consistent in recent years.
The 2008 financial crisis, the Great Recession and the pandemic are all examples of economic shocks.
More than half of Gen Z adults say they don't make enough money to live the life they want due to the high cost of living, according to a 2024 survey from Bank of America.
A significant number of millennials and Gen Z adults lack emergency savings.
Persons:
Joanne Hsu, Hsu
Organizations:
Census, University of Michigan, Federal Reserve, Finance, Bank of America
Locations:
U.S