The Damage Report
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YIKES: Millenials Screwed Over Even WORSE Than We Thought
Posted
February 4, 2024
Views
13,622
Likes
736
Comments
176
Engagement
6.70%
February 4, 2024
13,622
736
176
6.70%
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6:19Now PlayingNew reporting reveals younger generations are increasingly moving back or staying at family homes to save on rent and plan for possible home buying as housing market prices and living wages fall farther apart. John Iadarola and Sharon Reed break it down on The Damage Report.
Read more here:
Why millennials are moving back home
"Nearly 16% of U.S. millennials lived with their parents in 2022, per the latest census figures.
Why it matters: Younger people are increasingly struggling to swing high housing costs and returning to their childhood bedrooms or basements.
The number of Americans aged 25–34 living at home has jumped over 87% in the past two decades, according to census data.
What's happening: Younger generations may be staying home to save on expenses like rent or a future down payment, says Adina Dragos, research analyst at RentCafe, an apartment search website."
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