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One In Three Adults Still Lives With Mom & Dad
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One out of every three Americans under the age of 35 is still living with their parents, and over 25 million young adults are delaying independence because housing has become increasingly unaffordable. In today's video from the Shelby American Museum, I break down the affordability crisis, rising rents, stagnant wages, and why so many people are struggling to move out, even while holding full-time jobs. Is this simply an economic problem, or has personal responsibility changed as well?
I also cover New York City's historic decision to freeze rent on nearly one million rent-stabilized apartments and explain why this may create even bigger problems for landlords, housing supply, and property maintenance in the years ahead. We'll discuss inflation, real estate, the housing market, personal finance, the economy, rent affordability, and what these trends mean for America's middle class. Let me know your thoughts in the comments..
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