Economy

Millennials Aren't the Only Generation Moving Back in With Their Parents

More and more adults in every age category are staying or returning home. What will that mean for the future of housing?
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The economic recovery hasn’t rescued Millennials who are stuck living at home with their parents. This much we know already. Since 2010, the share of adults ages 18 to 34 living at home has increased, owing to the slow speed of the recovery, diminished wages for low-skilled jobs, and the weight of debt for college students (in particular for those who do not graduate).

But it’s not just Millennials who are staying home. Gen X-ers are also moving back into their parents’ houses. And among older adults, too, the share of adults staying or moving home is on the rise. A recent paper from the Federal Reserve Bank of Kansas City shows that, in fact, the share of adults from every age bracket who are living with their parents has grown over the past 30 years.