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Why Do Half of Young Adults Live with Their Parents?

Why Do Half of Young Adults Live with Their Parents?

FromThe Money with Katie Show


Why Do Half of Young Adults Live with Their Parents?

FromThe Money with Katie Show

ratings:
Length:
17 minutes
Released:
Mar 1, 2023
Format:
Podcast episode

Description

The number of young adults living at home crested at 52% in July 2020, the highest number ever recorded (the former high was around 48%, following the Great Depression—yes, the 1930s).
Understandably, this figure rocked the internet—and spawned a deluge of articles in the years since hypothesizing about the why and how. And while things have since “normalized” back to a level of around 47%, that figure is still—historically—high, and deserves a closer look.
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Mentioned in the Episode

USA Today fact check: https://www.usatoday.com/story/news/factcheck/2021/12/23/fact-check-47-american-young-adults-live-their-parents/8672598002/


Pew Research Center data: https://www.pewresearch.org/fact-tank/2020/09/04/a-majority-of-young-adults-in-the-u-s-live-with-their-parents-for-the-first-time-since-the-great-depression/ft_2020-09-04_livingwithparents_02/


Yahoo! Finance article: https://finance.yahoo.com/news/nearly-half-young-adults-us-073044507.html


Fortune article: https://fortune.com/2022/12/13/gen-z-young-millennials-way-afford-luxury-handbags-watches-living-mom-dad-morgan-stanley/


Millennial American Dream Pt 1: https://youtu.be/51S_SpHpPDk


Millennial American Dream Pt. 2: https://youtu.be/VbIQHrSAmsQ


Median home values: https://moneywithkatie.com/blog/are-houses-more-expensive-or-bigger


SHEcession & childcare: https://podcast.moneywithkatie.com/bonus-the-shecession-childcare-and-modern-motherhood-in-the-us/


Healthcare costs: https://moneywithkatie.com/blog/category/healthcare



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Released:
Mar 1, 2023
Format:
Podcast episode

Titles in the series (100)

Finance bros are out, #RichGirls are in. Join Money with Katie and her guests as they talk spending habits, smart investing, and tax strategies – without putting you to sleep. Listen weekly on Wednesdays to learn how to turn your Rich Girl mindset into money.