Alan Rickert CFP®Centerpoint Advisory GroupContact Us | |
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Majority of Young Adults Living at Home
In 2020, a record number of 18- to 29-year-olds lived at home with their parents. In July, 52% of young adults were living at home, surpassing the previous high of 48% recorded in 1940 at the end of the Great Depression. This record return to the family home has been driven by the coronavirus pandemic and exacerbated by the overall economic downturn, record-low housing inventory along with a shortage of affordable entry-level homes, and high levels of student debt. The number of
young adults living with
their parents grew across the
board for all demographic groups and regions of the country.
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This communication is strictly intended for individuals residing in the state(s) of AZ, CO, FL, IL, IA, KS, MI, MO, NE, NY, NC, OH, SC and TX. No offers may be made or accepted from any resident outside the specific states referenced. |
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2024. |
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