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Millions of Young Adults Living at Home
Description
Twenty-five million young adults under thirty-five are living with their parents — one-third of the entire cohort — not because they’re unemployed, but because housing costs have become unbearable. With median home prices at $430,000 and rent averaging $1,673 a month, skyrocketing prices and slow construction have pushed them back under the roof. This trend echoes post-recession and pandemic spikes, with younger adults hit hardest as prices surged during their prime buying years, while those slightly older had a brief window before the market turned brutal. Even early-thirties adults are feeling the squeeze — double the rate from 2000 — caught in the crossfire of a housing crisis that shows no sign of slowing.
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