Why Do Half of Young Adults Live with Their Parents?

Published: March 1, 2023, 7 a.m.

b'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\\u2014yes, the 1930s).\\nUnderstandably, this figure rocked the internet\\u2014and spawned a deluge of articles in the years since hypothesizing about the why and how. And while things have since \\u201cnormalized\\u201d back to a level of around 47%, that figure is still\\u2014historically\\u2014high, and deserves a closer look.\\nLearn more about our sponsor, TaxAct: https://www.taxact.com/moneywithkatie\\nLearn more about our sponsor, Fidelity: https://fidelity.com/stocksbytheslice\\nLearn more about our sponsor, Droplette: https://droplette.io/ and use promo code MONEYWITHKATIE for 50% off\\nTranscripts can be found at podcast.moneywithkatie.com.\\n\\u2014\\nMentioned in the Episode\\n\\nUSA Today fact check: https://www.usatoday.com/story/news/factcheck/2021/12/23/fact-check-47-american-young-adults-live-their-parents/8672598002/\\n\\n\\nPew 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/\\n\\n\\nYahoo! Finance article: https://finance.yahoo.com/news/nearly-half-young-adults-us-073044507.html\\n\\n\\nFortune article: https://fortune.com/2022/12/13/gen-z-young-millennials-way-afford-luxury-handbags-watches-living-mom-dad-morgan-stanley/\\n\\n\\nMillennial American Dream Pt 1: https://youtu.be/51S_SpHpPDk\\n\\n\\nMillennial American Dream Pt. 2: https://youtu.be/VbIQHrSAmsQ\\n\\n\\nMedian home values: https://moneywithkatie.com/blog/are-houses-more-expensive-or-bigger\\n\\n\\nSHEcession & childcare: https://podcast.moneywithkatie.com/bonus-the-shecession-childcare-and-modern-motherhood-in-the-us/\\n\\n\\nHealthcare costs: https://moneywithkatie.com/blog/category/healthcare\\n\\n\\n\\u2014\\nRead Money with Katie: https://moneywithkatie.com/\\n\\nFollow Money with Katie!\\nInstagram - https://www.instagram.com/moneywithkatie\\nTwitter - https://twitter.com/moneywithkatie\\nTikTok - https://www.tiktok.com/@moneywithkatie\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'