The percentage of young adults living with their parents has reached levels not seen since the 1940s. This trend is largely driven by high living costs, including housing and education expenses. As of 2022, about 17% of young adults aged 25 to 35 were living with their parents.
Regarding economic disparity, it’s true that wealth inequality has been growing. The top 1% of Americans now hold a significant portion of the country’s wealth, including nearly 49% of all stocks.
Share of young adults still living with their parents at the highest level since 1940.
The twist is in 1940 they lived at home by choice.
Today they live at home because one-bedrooms cost 60 hours a week packing groceries. pic.twitter.com/RSLdpPdgRD
— Peter St Onge, Ph.D. (@profstonge) July 30, 2024
The wealthiest 1% holds 49% of stocks, worth $19.73 trillion, per Motley Fool.
— unusual_whales (@unusual_whales) July 29, 2024
"Forty-six percent of Americans describe the current U.S. economic conditions as 'poor,' making it the dominant response for the 29th straight month."@Gallup pic.twitter.com/I0wGHr8ifs
— Daily Chartbook (@dailychartbook) July 30, 2024
Everyone ready for what's coming in housing? pic.twitter.com/cYtIsuUY0v
— Darth Powell (@VladTheInflator) July 29, 2024
Sources:
https://www.apartmentlist.com/research/most-young-adults-live-with-parents-since-1940
https://www.detroitnews.com/story/news/nation/2015/11/11/young-women-living-home/75564460/