Record Share of US Young Adults Living with Parents as Housing Costs Bite
The proportion of 25–34-year-olds residing with their parents in the U.S. has hit an all-time high, according to the Financial Times, driven by soaring housing expenses, student loan burdens, and a softening labor market.
According to the Financial Times, the share of Americans aged 25 to 34 living with their parents has climbed to a record level. The data underscores a deepening housing affordability squeeze, as skyrocketing rents and home prices combine with heavy student debt and a cooling job market for younger workers.
The trend points to growing financial strain on millennials and Gen Z, potentially delaying household formation and reducing demand for starter homes. It also highlights broader economic challenges, as the traditional milestones of financial independence become harder to achieve.
The report did not specify the exact percentage, but the record high reflects a multi-year deterioration in housing accessibility for young adults.
Source: First Squawk