The childhood bedroom is getting a second life. With rent out of reach and traditional milestones like marriage and homeownership happening later, more young adults are staying under their parents’ roof for longer. But money isn’t the whole story. For some families, living together simply works better than it used to.
Guest Information:
- Geoffrey Sanzenbacher, Economics Professor, Boston College; Research Fellow, Center for Retirement Research at Boston College
- Eric Finnigan, Vice President of Demographics Research, John Burns Research and Consulting
More people in their twenties and thirties are staying home, or moving back in, with no planned end date. For some, it’s a chance to save, but for others, it’s the only way to make ends meet.
An urban institute analysis found that the share of 25 to 34 year olds living with their parents actually peaked back in 2017. It’s slightly come down since then, but today, this number is still almost double what it was in 2005.
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