Boomerang Kids: Nearly Half of Young Adults Live with Parents

Last year, nearly half of all American adults under age 30 lived with a parent, according to new data. As housing costs continue to rise, the stigma around living at home has decreased, and more young adults are choosing to stay with their families for financial reasons. The trend reflects broader economic challenges facing millennials and Gen Z, including student debt, rising rents, and a competitive job market. Many young adults are delaying independence and opting for the financial security of living at home. While some may view this as a setback, others see it as a pragmatic response to economic realities. The shift has implications for housing markets, family dynamics, and the broader economy. As housing costs remain high, the phenomenon of "boomerang kids" is likely to continue.