Why Do Half of Young Adults Live with Their Parents?
The rate is the highest ever recorded...why?
The Money with Katie Show · Morning Brew
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Show Notes
The number of young adults living at home crested at 52% in July 2020, the highest number ever recorded (the former high was around 48%, following the Great Depression—yes, the 1930s).
Understandably, this figure rocked the internet—and spawned a deluge of articles in the years since hypothesizing about the why and how. And while things have since “normalized” back to a level of around 47%, that figure is still—historically—high, and deserves a closer look.
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Mentioned in the Episode
- USA Today fact check: https://www.usatoday.com/story/news/factcheck/2021/12/23/fact-check-47-american-young-adults-live-their-parents/8672598002/
- Pew Research Center data: https://www.pewresearch.org/fact-tank/2020/09/04/a-majority-of-young-adults-in-the-u-s-live-with-their-parents-for-the-first-time-since-the-great-depression/ft_2020-09-04_livingwithparents_02/
- Yahoo! Finance article: https://finance.yahoo.com/news/nearly-half-young-adults-us-073044507.html
- Fortune article: https://fortune.com/2022/12/13/gen-z-young-millennials-way-afford-luxury-handbags-watches-living-mom-dad-morgan-stanley/
- Millennial American Dream Pt 1: https://youtu.be/51S_SpHpPDk
- Millennial American Dream Pt. 2: https://youtu.be/VbIQHrSAmsQ
- Median home values: https://moneywithkatie.com/blog/are-houses-more-expensive-or-bigger
- SHEcession & childcare: https://podcast.moneywithkatie.com/bonus-the-shecession-childcare-and-modern-motherhood-in-the-us/
- Healthcare costs: https://moneywithkatie.com/blog/category/healthcare
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