In 2025, about one in three young adults (ages 18-34) in the U.S. live with their parents, according to a 2024 CNBC analysis citing the U.S. Census Bureau. For the 25-34 age group specifically, the share was approximately 19.2% in early 2025, translating to about 8.5 million individuals, as reported by Eye On Housing. The rate has been fairly consistent in recent years, with a temporary increase during the pandemic.
Key
Factors and Details
· Age Group: The
trend of living with parents is most pronounced among those aged 18-34.
· Economic
Pressures: High housing costs, student loan debt, and inflation make it
harder for young adults to afford independent living.
· Financial
Benefits: Many young adults find the arrangement financially beneficial,
though it can impact their social lives.
· Geographic
Variation: The share of young adults living with parents varies
significantly by city and state, with higher rates in expensive areas.
· Gen Z & Millennials: These generations are particularly affected, with a significant portion expecting to live with family members for longer.
As of 2025, approximately one-third of adult children in the U.S. between the ages of 18 and 34 are living with their parents. While this is a common trend, the exact number varies by age group.
Key
statistics for 2023 and 2025
· A recent survey
conducted in 2025 by Thrivent found that 46% of parents reported
having an adult child between the ages of 18 and 35 move back home.
· Data from a 2025 Pew
Research Center analysis using 2023 government figures revealed the following
breakdown:
o Ages 18 to 24: 57%
were living in a parent's home.
o Ages 25 to 34: 18%
were living in a parent's home.
· While the number had slightly fallen since a 2020 peak, a January 2025 analysis of Census data by the National Association of Home Builders found that about 8.5 million adults between 25 and 34 were living with their parents.
Factors
driving the trend
· Cost of
living: Inflation, rising rent, high home prices, and expensive essentials
make it difficult for young adults to afford independent living.
· Student loan
debt: High levels of student loan debt also contribute to financial
instability, delaying the ability to move out.
· Economic
insecurity: Financial setbacks such as unemployment or unstable wages can
force adult children to move back home to save money.
· Social
acceptance: The stigma around living with parents has lessened compared to
previous generations, and many view it as a practical choice.
· Major life events: Divorce, separation, and medical issues can also lead to a return to the family home.
Comments
Multi-Generational family homes have been part of US history and continue to be a part of US family life. The family has been the dominant economic unit throughout human history. Generations have struggled to establish family homes throughout US history. In the 1800s, men would seek their “fortune” to invest it in a home. In the 1950s, family members began to move away from their parents and continue to follow their jobs to other states. Families that can remain together in the same city are closer and their children benefit from having their grandparents close by. Now in 2025, adult children living with parents is a common strategy used to allow these adult children to save money for a home downpayment.
Homelessness occurs when drug and alcohol addiction occurs. Addicts need to move out in order to hit bottom and recover.
Norb Leahy, Dunwoody GA Tea Party Leader
No comments:
Post a Comment