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.
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.
#cost-of-living #multi-generational-housing #economic-trends #remote-work #adult-children-living-at-home
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