"New Report: Nearly One-Third of Gen Zers Can't Afford Rent, Opt to Stay with Parents"
A new report by Intuit Credit Karma reveals that 31% of Gen Z in the U.S. are living with their parents due to the unaffordability of rent or home ownership. With the national rent-to-income ratio at 30%, many renters across generations are struggling, but the issue is more pronounced among millennials and Gen Z. High rent and housing costs are delaying home ownership, with the typical age of first-time homeowners rising to 36. The trend of young adults living with family has increased significantly over the past two decades, exacerbated by the pandemic and subsequent inflation.