The number of American young adults living with their parents is at or near an all-time high, and the coronavirus pandemic is likely the reason, according to a new analysis.
A new report by the Pew Research Center found that a majority of young adults — 52% — lived with one or both of their parents in July. Pew’s analysis of monthly Census Bureau data notes that this is higher than any previous measurement.
Pew defines young adults as 18- to 29-year-olds. The number of young adults living with parents grew to 26.6 million in July, an increase of 2.6 million from February, Pew said.
Young adults have been hit especially hard by the recent economic downturn and have been more likely to move than other age groups, according to Pew research.
Essentially we saw about a little over 3 million more people moving home … with their parents or grandparents, from a year ago.
That’s up about 9 percent.