Do well in school. Get a good job. And move out of Mom and Dad’s house. That’s still the path most American children are raised to take.
But – much like with every other aspect of life in 2020 – the coronavirus appears to have a different plan.
What You Need To Know
- Pew Research Center found 52% of young adults are living with parents.
- Highest share since 1940, at the end of the Great Depression
- “COVID-19 Disruptions” are likely to blame.
In February, according to a Pew Research Center analysis of monthly Census Bureau Data, 47% of young adults in the United States were living with their parents.
By July, that number rose to 52%.
You have to dig all the way back to 1940 – at the end of the Great Depression – to find the previous record. That year, 48% of young adults were still living at home.
Pew Research Center explained in its report there is no available data for the Depression’s darkest years, in the 1930s.
The reason for the current increase is likely the economic downturn triggered by COVID-19, but Pew says there’s one specific disruption that appears to have had the largest affect – college campus shutdowns.
According to the survey, 23% of all American adults who moved because of the pandemic blamed shuttered campuses. Another 18% said unemployment or other financial reasons caused them change address.
Pew Research also found the pandemic’s impact on the percentage of young adults living with their parents seems to be unequal when broken down by race.
While white young adults remain less likely than their Black, Hispanic and Asian peers to live at home past the age of 29, they account for 68% of the current increase.