You’ve seen all the headlines: “This huge percentage of Gen Z and Millennials are living with mom and dad, and they’re never moving out!” Reports of this trend gauge the number of young people living at home anywhere from “nearly a third of Americans between the ages of 18 and 25,” to estimates of nearly half of all 18-29-year-olds. One “personal finance guru” says these gens living at home are “a trainwreck,” while others claim they’re using the money they save on rent to fuel the luxury goods industry. But what do Gen Z and Millennials themselves have to say about it—is it true that they’re living at home to spend as they please? YPulse data shows this isn’t the full story. In YPulse’s Finance / Spending Monitor report, we ask 13-39-year-olds directly what best describes their current living situation from a list of 14 options, with four including living at home with their parents. Of those four options, we give them choices to specify if they’re in school,...
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