Share of Young Adults Living With Their Parents Drops to Decade Low (2024)

FAQs

Share of Young Adults Living With Their Parents Drops to Decade Low? ›

Two decades ago, less than 12% of young adults, or 4.6 million, lived with their parents. The current share of 19.1% translates into 8.5 million of young adults living in the homes of their parents or parents-in-law.

In July, 52% of young adults resided with one or both of their parents, up from 47% in February, according to a new Pew Research Center analysis of monthly Census Bureau data.

However, Gen Zers are also less likely to own a home, be married or have children. Additionally, about one-third still live with their parents. But both parents and their adult children are less inclined to mind cohabiting, Pew also found, as living in multigenerational households becomes more mainstream.

According to Harris Poll for Bloomberg, roughly 45% of people ages 18-29 are living at home with their families. That's the highest figure since the 1940s.

According to Axios, rent is very expensive and not improving, so staying home helps young people save money for a future down payment or future rent. Bloomberg interviewed several young adults for its analysis. One shared that employment opportunities were becoming scarce by the time she became a senior in college.

The median age at the time of moving out was about 19 years. (See figure 1.) Table 1 shows that the likelihood of moving out before age 27 was correlated with several individual characteristics. Women were more likely to move out than men were, and Whites were more likely to move out than Blacks or Latinos.

Baby boomers have the most wealth among four recorded generations. Other generations have less wealth, but it's not necessarily an indication of financial problems. Plan for upcoming economic issues such as higher housing and medical costs by investing early.

The average age when people move out of their parent's home is between 24 and 27. This makes a lot of sense – it's after many people have completed college or secondary studies, and around the time when most people get married and/or are in a long-term relationship with a serious partner.

Nowadays, because of student debt and high housing costs, many young adults say they have no choice but to move back home because of the high cost of living. And their numbers are growing.

How many 30 year olds still live with parents? ›

About 18% of those aged 25-34 still live with their parents in 2019, up 1% from 2018. 63% of single adults between the ages of 20 and 29 live with their parents, as do just over half (52%) of 25- to 29-year-olds.

Currently, more than 26 million Americans between the ages of 18 and 29 live with one or both of their parents. There is no need for you to feel anxious about the relocation – instead, try to concentrate on organizing your move and duties like planning your packing or choosing what to get rid of before you move.

Gen Z is young, with many still under age 18. For those 18-24, many are moving for college, to start their career or to explore life in a new place.

Story at a glance

The rising cost of housing is keeping many Gen Zers from living on their own. A recent Credit Karma survey of 1,249 U.S. adults found that 31 percent of Gen Z live at home with a parent or other family member.

Living arrangements of 25-34-year olds in the U.S. 2023, by gender. In 2023, around 35 percent of men and 43 percent of women between the age of 25 and 34 in the United States lived with a spouse, whereas 19 and 11 percent respectively lived with a parent.

“Humans are social creatures and extended families living together actually makes a lot of sense. And not living together is a very 'American' concept. Around the world in many cultures, it's common for adult kids to live at home or for parents to live with adult kids.”

If you feel ashamed about moving in with your parents, know that it's a common living arrangement for many young people across the United States. According to 2021 data from the U.S. Census Bureau, one in three American adults ages 18 to 34 live at home.

Cohabitation has increased slightly among young adults. In 2009, the percentage cohabiting among young adults aged 18 to 29 was 22%, and the level rose to 24% in 2014, a 2% increase over the 5-year timespan. In 2019, the percentage had increased to 25%.

If you are moving back home to live with your parents, you are not alone. Many factors have caused a large-scale reconfiguration of how Americans are living, and many adults are moving back to live with their parents.