The rate of young adults moving back into their parents’ home has substantially increased since COVID-19. 

The rate of young adults moving back into their parents’ home has substantially increased since COVID-19. According to the U.S. Census, half of adults from 18-19-years-old moved in with their parents following the pandemic (the highest number since the great depression), and currently 45% remain in their parents’ home. The main reason for this is to save money, as a Bloomberg News and Harris Poll survey found—with 70% of young adults saying they wouldn’t be in a strong financial position if they hadn’t moved in with their parents. YPulse research shows that saving money was Gen Z and Millennials’ top financial goal last year. (Fortune)