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Living with parents makes rent more affordable. According to Pew, 64% of young adults living with parents say it helps with their finances. When I lived with my parents, I saved at least $1,000 ...
In the months after the pandemic hit in 2020, nearly 50% of young adults—those aged 18 to 29—lived at home with their parents in the greatest numbers on record since the Great Depression.Some ...
Young people are choosing to move out of their parents’ homes on average much later, with data from 2017 showing that more than 50 per cent waited till they were 23.
In Western culture the Boomerang Generation refers to the generation of young adults graduating from high school and college in the 21st century. [1] [2] [3] They are so named for the percentage of whom choose to share a home with their parents after previously living on their own—thus boomeranging back to their parents' residence.
The term is associated with the elongation of the period of emerging adults. [5] That is, there is a "delay" in "transition of young adults from parental dependence to economic self-sufficiency" according to Bell et al. [6] [7] Failure to launch, or FTL, has been used for "adult children living at home and highly dependent on parents". [1]
A 2017 study found that children who move back in with their parents have notably higher depressive symptoms, and a 2022 report showed that such living situations could cause familial tension.
Parental support may come in the form of co-residence, which has varied effects on an emerging adult's adjustment. The proportion of young adults living with their parents has steadily increased in recent years, largely due to financial strain, difficulty finding employment, and the necessity of higher education in the job field. [80]
In 2023, more than half (56%) of all young adults aged 18 to 24 are living with their parents, along with 16% of those aged 25-34, according to U.S. Census Bureau data.