More than half of young people are living at home, according to government data.
analysis of government data, 52% of Americans ages 18 to 29 were living with at least one parent in July.
It’s a staggering increase from pre-pandemic figures—in February, 2.6 million young people were living at home, a drop in the bucket compared to the 26.6 million staying parents in July. The previous record was documented in the 1940 census with 48%, though Pew notes in the report that there’s a chance the number was higher during the 1930’s, which saw the worst of the Great Depression but a period for which no data exists.
While the youngest subcategory of adults from 18 to 24 had the most steep rate increase, the Pew analysis found that the number of young people moving back in wasacross ethnic groups, gender and between city dwellers and residents of rural areas. Young people have been some of those hurt most by the pandemic-triggered economic recession, and are more likely than members of other age groups to haveExperts say the exodus of young people leaving their often-rented housing in favor of their parents’ homes could have massiveBefore the pandemic, the rate of young Americans living at home has been ticking up continuously since the 1960s, according to census data.
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