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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.
In fact, 31% of Gen Z live with a parent or family member because they can't afford to rent or buy their own place, a new survey of 1,249 U.S. adults from Intuit Credit Karma finds.
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 ...
Gen Z adults in the U.S. face increasing financial challenges because of inflation and rising living costs, with 46% relying on financial assistance from their parents and families, according to a ...
Gen Z and millennial consumers are helping keep the US economy strong, Meredith Whitney wrote in the Financial Times. Many in this group still live with parents, helping ease costs faced by other ...
Despite the acres of news pages dedicated to the narrative that millennials refuse to grow up, there are twice as many young people like Tyrone—living on their own and earning less than $30,000 per year—as there are millennials living with their parents. The crisis of our generation cannot be separated from the crisis of affordable housing.
A survey from Bank of America suggests half of Generation Z adults, ages 18-27, don't pay for their housing and many get financial help from family.
Namely, the survey found that 46% of Gen Zers depend on their parents and family for financial help.