In A Historic Move, 52% American Adults Live With Their Parents
The COVID-19 pandemic is bringing young adults – aged between 19 to 29 – back to their parents. According to the latest report from the Pew Research Center, the number of young American adults living with their parents is increasing exponentially. Thanks to the pandemic, young adults are coming back to their parents – either mom or dad, or both – to live together.
According to the report, at least 52% of young adults live with their parents. Compared to the previous years, this percentage was only 30% prior to the pandemic. The research concludes that at least 72 million young adults are living with their parents.
The COVID virus outbroke in early 2019. It put the lives of all Americans at risk. Regardless of age, gender, and ethnicity, the death toll from the contagious virus soared throughout the latter half of 2019. As a result, Americans lost their loved ones, and a mass panic encompassed the country.
Why are Young Adults Living With Their Parents?
Apart from losing their loved ones, Americans also lost their jobs as well. Businesses across the country shut down. A very tiny percentage of companies allowed their employees to work remotely. But most of them went through the mass firing of employees. Thus, young American adults who had no financial backup were “forced” to live with their parents.
Young American adults who were living on their own prior to the pandemic went back to their parents for two obvious reasons. Firstly, they witnessed their loved ones losing the battle of life right in front of their eyes. And they were helpless about it – as they could not do anything about it. That is why they moved in with their parents and started living with them.
However, another patent reason that made young American adults live with their parents is the lack of proper financial backup. To begin with, these young adults, aged between 19 and 29, did not have enough savings. As the research highlights, these young adults were kicking off their professions, and they were just making ends meet.
According to the research analysis, these young American adults, who moved in with their parents, could not sustain their lives since they did not have enough financial backup. And moving in with their parents – either father or mother, or both – was the only available option.
However, it is essential to note here that this drastic lifestyle change is historic. Something that was not seen after the Great Depression of 2008. In other words, this massive number of young adults living faith their parents (at least 17 million) was never seen in the last 15 years. The Pew Research Center highlights that the lack of proper finances is the mean reason that these young American adults are living with their parents.
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