Nearly half of all young adults are living with their parents — and they’re not ashamed to say it.
Moving out and living on your own is often seen as a marker of adulthood. But dealt an onerous set of cards — including pandemic lockdowns, decades-high inflation, soaring student debt levels and a shaky job market — young people today are increasingly staying put. What’s more, it’s no longer seen as a sign of individual failure.
Almost 90% of surveyed Americans say people shouldn’t be judged for moving back home, according to Harris Poll in an exclusive survey for Bloomberg News. It’s seen as a pragmatic way to get ahead, the survey of 4,106 adults in August showed.
“We’re in an economy where it’s harder to live independently,” said Carol Sigelman, professor of social psychology at George Washington University. “Adults recognize that it’s tough these days.”
Nearly half of young adults in the US are living with their parents — they're not ashamed to say it https://t.co/V4VNmKsIe1
— Bloomberg (@business) September 20, 2023