A generation of young adults is living with their parents longer as rent costs rise faster than wages
By Rohan Shah, Assistant Professor of Economics, University of Mississippi; Institute for Humane Studies A potentially worrisome trend is emerging among young adults. Instead of landing a job and moving to the big city after graduation, many are moving back into their childhood homes instead. About 1.5 million more adults under 35 live with their parents today than a decade ago. That’s a 6.3% jump, more than double the rate of growth for the young adult population overall. The issue is affordability. Over the past decade, urban rents have climbed about 4% per year, while wages for full-time workers...
Read More