A new study reveals that most young adults now live with their parents. The number of 18- to 30-year-olds living at home has hit an 80-year high. Around 52 per cent are at home with one or both parents. Only in the Great Depression of the 1930s was the percentage higher. The recent rise in the number of young adults moving back in with their parents is due to the economic downturn and a rise in unemployment caused by coronavirus.
An analyst said adults were living with parents because of loan debts and a lack of jobs. He said this has been exacerbated by the pandemic. He said: "It may take...the better part of a decade for [this] to recover and be financially stable enough to leave home." He concluded: "For the most part, nobody wants to be living at home with mom and dad." Another analyst said young people not moving into cities could affect the property rental market.