They're also living at home longer.
Adult children are also living at home longer.The pandemic caused a huge spike in young adults returning home to the nest. In fact, aWith inflation only getting worse, rising housing costs, high interest rates, and an overall unstable economy, it’s no wonder that adult kids are leaning on their parents for some support.
The poll found that 45% of parents are supporting at least one adult child and shelling out $1,442 a month on average to help keep their kids afloat. Seemingly never-ending inflation, low salaries, surging housing costs, and looming student loan debt have all contributed to this trend.
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