"The high cost of living and the reduced stigma of adults living with parents has led to an increase in multi-generational households, with 11.8% of working adults residing at home."
"In major U.S. metropolitan areas, adults living with their parents face financial strain, typically earning $39,742—43.5% less than their independent counterparts earning $70,137."
As living costs soar in major metropolitan areas, an increasing number of adults are opting to move back in with their parents due to economic practicality. According to a LendingTree study, 11.8% of working adults in the largest U.S. cities reside at home, with cities like Miami seeing rates as high as 17.8%. While this trend alleviates some financial pressure, adults living at home earn significantly less than their independent peers. Remote work's rise has contributed to a slight decline in this living arrangement from 2018 to 2023.
#cost-of-living #multi-generational-housing #economic-trends #remote-work #adult-children-living-at-home
Read at NBC 6 South Florida
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