Parents who wish their adult children would leave home, and adult children who wish they could, may find food for thought in a new RentCafe report about multigenerational households in the U.S. Parents who want their "kids" to stick around, and "kids" with no desire to leave home, may find the same.
RentCafe's analysis revealed that large numbers of Millennials and Gen-Zers are taking longer to leave home than previous generations. Some 14 million Millennials – often defined as people born between 1980 and the late 1990s – and 23 million Gen-Zers or Zoomers –defined by RentCafe as people aged 18 or older — shared a household with at least one family member. That comes to 20% of Millennials and 68% of Gen Z. These findings are based on Integrated Public Use Microdata Series (IPUMS) data from 2018 and 2022.
"Digging into the data reveals a tale of generational adaptation, financial pragmatism, and evolving familial structures that are reshaping the American Dream," the report commented.
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