The Rise of Multigenerational Living Among Young Adults in America

In 2023, about 40% of young Americans aged 18-30 live with their parents, mainly due to high housing costs, education expenses, and a challenging job market. The majority are employed but earn less and work fewer hours than their peers living independently. Cultural and socioeconomic factors influence these living arrangements, with minorities more likely to live at home. This trend reflects broader economic challenges and varies across different demographic groups.