Despite what we have been told from MSM regarding a rebounding economy, the financial situation is still very grim for young adults.
Parents in the US cannot get rid of their kids. The share of young adults in their late 20s living with their parents is the highest it’s been in 75 years.
According to a recent study by the Pew Research Center, 33% of 25-29 year olds lived with their parents or grandparents in 2016. This is almost three times as many as in 1970.
The share of young adults who don’t leave the nest has steadily increased in recent decades, and accelerated after the 2008 financial crisis. Across education levels, race, gender, and region, no group has been immune from the trend.