Roughly one in three U.S. adults aged 18-34 live with their parents, 2024 Census data shows — a trend sustained over two decades despite economic shifts. Experts say these economic shocks have left young adults financially vulnerable, with many staying home to save for goals like homeownership. For some, staying home offers financial stability, but this trend affects the economy, as young adults moving out boosts consumer spending.
Chapters:
0:00 Introduction
1:20 A new way of building wealth
3:30 Can't buy a home but refuse to rent
6:51 Economic impact
Produced, Shot and Edited by: Charlotte Morabito
Additional Reporting by: Gabriel Cortés
Animation: Jason Reginato, Christina Locopo
Additional Camera: Natalie Rice, Nate Lee
Supervising Producer: Jeniece Pettitt
Additional Footage: Getty Images
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Why So Many Young Adults Are Still Living With Their Parents In The U.S.
Chapters:
0:00 Introduction
1:20 A new way of building wealth
3:30 Can't buy a home but refuse to rent
6:51 Economic impact
Produced, Shot and Edited by: Charlotte Morabito
Additional Reporting by: Gabriel Cortés
Animation: Jason Reginato, Christina Locopo
Additional Camera: Natalie Rice, Nate Lee
Supervising Producer: Jeniece Pettitt
Additional Footage: Getty Images
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Want to earn more money at work? Take CNBC’s new online course How to Negotiate a Higher Salary. Expert instructors will teach you the skills you need to get a bigger paycheck, including how to prepare and build your confidence, what to do and say, and how to craft a counteroffer. Register now and use coupon code EARLYBIRD for an introductory discount of 50% off through Nov. 26, 2024: https://cnb.cx/4f4s3rZ
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
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#cnbc
Why So Many Young Adults Are Still Living With Their Parents In The U.S.