1 in 4 young adults lives with a parent or other older family member, study shows
CBSN
One in four young adults lived with their parents or another older family member in 2021, the largest share in more than 50 years, according to a new pew from the Pew Research Center.
The trend is even higher for people between ages 25 to 34 without college degrees, with almost 1 in 3 living in multigenerational households last year, the study found.
Such households, which typically involve a young adult living with parents, grandparents or other older relatives, have surged in the last several decades, rising from about 1 in 10 young adults in 1971. Economic stress from student debt and high housing costs, as well as a decline in earnings for young men without a college degree, are contributing to the trend, Pew senior researcher Richard Fry told CBS MoneyWatch.
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