More young adults living with parents, even after finding a job, new report shows
A new report shows that nearly a third of young adults still live at home, despite the fact that many of them, especially those between 25 and 34, are employed.
Why you should care:
“Roughly 70% of 25- to 34-year-olds living with parents are employed,” said Jones, a senior economist at Realtor.com. “That share held steady even as the overall co-residence rate has climbed—meaning the growth is coming from working adults, not people waiting to find jobs.”
Just over 1 in 5 adults between 25 and 29 years old (20.4%) lived with their parents last year, according to Realtor.com. That’s nearly six points higher than it was a quarter-century ago. The older half of the young adults in the survey, those between 30 and 34 years old, have seen the share of those still at home nearly double, from 7.1% in 2000 to 12.7% last year.
The realty website identified the cost of buying a home as one of the main factors that is keeping young adults from staking their claim on a home. It noted that the median home price in 2025 was $430,000, which was up 34.4% from 2019, which was right before the COVID-19 pandemic ramped up. Rent, meanwhile, has not risen as much, but is still nearly 18% higher than the pre-pandemic era.
Dig deeper:
The Pew Research Center found that more than 7 in 10 young adults (72%) still living at home are contributing somehow to the households. Just under two-thirds (65%) help pay for groceries, utilities, or other expenses, while nearly half (46%) are helping with rent or the mortgage.
The Source: Information for this article was taken from Realtor.com. This story was reported from Orlando.
Original source: https://www.livenowfox.com/money
