Nearly one-third, or 31%, of Gen Z are living with their parents because they can't afford to buy or rent their own space, according to a recent report.

These days, housing affordability is a struggle for nearly everyone.

But for young adults just starting out, soaring home prices and sky-high rents have become one of the greatest obstacles to making it on their own.

Nearly one-third, or 31%, of Generation Z adults live at home with parents because they can’t afford to buy or rent their own space, according to a recent report by Intuit Credit Karma that polled 1,249 people age 18 and older. Gen Z is generally defined as those born between 1996 and 2012, including a cohort of teens and tweens.

“The current housing market has many Americans making adjustments to their living situations, including relocating to less-expensive cities and even moving back in with their families,” said Courtney Alev, Intuit Credit Karma’s consumer financial advocate.

Overall, the number of households with two or more adult generations has been on the rise for years, according to a Pew Research Center report. Now, 25% of young adults live in a multigenerational household, up from just 9% five decades ago.

  • Flying Squid@lemmy.world
    11·
    11 months ago

    The problem is- and I said this in another thread this morning, so apologies for people who read it there- the billionaires have nuclear war-proof bunkers they can hide in while surrounded by heavily-armed security. There’s no way we’ll be able to get to them. So I agree with you.

    • tsonfeir@lemm.ee
      11·
      11 months ago

      Well, they aren’t sleeping in them. They leave sometime. Let’s use all these guns we have to defend us from the rich. 🤪

      • Flying Squid@lemmy.world
        11·
        11 months ago

        The bunkers are designed for them to sleep in until the radiation dissipates at least. They probably could live in them for years.

        • tsonfeir@lemm.ee
          2·
          11 months ago

          What I mean is, they leave the house. Also, we can cut them off and I’m perfectly fine with them living in a box with no internet. Solitary confinement is as good as death.