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52% of young adults now living with parents

For the first time since the end of the Great Depression, more young adults are living with their parents than not, according to a recent report from the Pew Research Center.

It’s yet another impact of the COVID-19 pandemic, which persists across the U.S. even as the housing market shows resilience to its effects. Per Pew’s data, 52% of adults aged between 18 and 29 years — some 26.6 million people — lived with one or both of their parents in July, rising from 47% in February before the outbreak took hold of the country.

 

Read complete Scotsman Guide article here.

John A. Rodriguez

John A. Rodriguez is a Senior Mortgage Banker with iFinance Mortgage Inc. His passion is educating families and individuals to better understand the home loan process, to secure the best financing available, and then to protect their mortgage. Contact John today at jrod@ifminc.com or 949-456-7056! LinkedIn: http://ow.ly/fttL50xQAUi

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