“67% of pandemic ‘boomerang kids’ are still living with mom and dad”
September 7, 2022
“At the height of the Covid pandemic, many young adults moved back in with mom and dad.
It was an unprecedented moment of uncertainty; college campuses were closed, and jobs were scarce.
More than two years later, 67% of millennials and Gen Zers who moved home are still there, according to a recent report by LendingTree…”
https://www.cnbc.com/2022/09/06/many-pandemic-boomerang-kids-still-live-with-mom-and-dad.html
First of all they are not “kids.” They are young adults. Second, this is not a new trend. The group from the 2008 crash “failed to launch” as well. The reality is more an more people are living with their parents. Younger generations own less compared to previous ones.