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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.
Many young Americans already work two jobs or a full-time job and a side gig just to cover everyday expenses. According to data from the U.S. Bureau of Labor Statistics, 8.4 million Americans ...
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 ...
Aside from Gen Z and millennial consumers, top-earners are also helping keep the US economy afloat, Whitney noted. After-tax earnings for those making over $100,000 have stayed largely unchanged ...
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.
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 ...
The vinyl record industry has enjoyed a resurrection largely driven by Gen Z. Between 2006 and 2022, record sales in the U.S. grew from $14.2 million to $1.2 billion .