52% of young adults now living with parents

For the first time since the end of the Great Depression, more young adults are living with their parents than not, according to a recent report from the Pew Research Center.

It’s yet another impact of the COVID-19 pandemic, which persists across the U.S. even as the housing market shows resilience to its effects. Per Pew’s data, 52% of adults aged between 18 and 29 years — some 26.6 million people — lived with one or both of their parents in July, rising from 47% in February before the outbreak took hold of the country.

Read complete Scotsman Guide article here.