Rising Costs Lead to Record Number of Young Adults Living with Parents
As the cost of living continues to soar, a record number of young adults are returning to live with their parents. Studies reveal that more than 25 million adults under 35 now reside at home, with the trend being observed not only in the U.S. but also globally, from Seoul to San Francisco. The rise in housing costs and overall affordability challenges have driven this multigenerational living situation, with many parents supporting their children well into adulthood. The situation is reportedly worse now than during the pandemic, as financial pressures mount for young adults.
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