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Gen Z Couples Are Shacking Up at Record Rates
Posted
March 17, 2023
Views
2,066
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65
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3.34%
March 17, 2023
2,066
65
4
3.34%
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0:59Now PlayingRecord numbers of young, unmarried couples are moving in together. They’re doing it for love — and money.
More than 11% of Americans aged 18 to 24 lived with a romantic partner who’s not a spouse last year, the highest share ever, according to Census Bureau data. That’s about 3.2 million people, roughly 650,000 more than before the pandemic.
The need to save money served as a tipping point for many young couples who turned to cohabiting sooner than they might have otherwise, with inflation driving up the cost of almost everything from groceries to gas, and rent prices hovering near record highs.
A recent Realtor.com survey found that money was a main factor behind the decision to move in together for 80% of Gen Z couples. About one in four of the total respondents said living with a partner allowed them to save more than $1,000 a month.
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