In the months after the pandemic hit in 2020, nearly 50% of young adults—those aged 18 to 29—lived at home with their parents in the greatest numbers on record since the Great Depression. Some have since moved on, but one-third are still hanging on. Today, about 23 million young adults are shacking up with family—nearly 45% of the age group, per the U.S. Census.
Despite the fact that in many cultures, children are expected to live with their parents and save money well into adulthood, doing so in America can carry an outsize stigma. Just ask personal finance guru Dave Ramsey, who said earlier this year that the situation is due to poor money management.
