Press "Enter" to skip to content

Report: Young Adults Struggle for Independence as Costs Rise

BY KATHERINE HAMILTON

 

Roughly 25 percent of U.S. adults ages 25 to 34 lived in a multigenerational household in 2021, up from 9 percent in 1971, according to data analysis from Pew Research Center.

Living in a multigenerational household is “increasingly proving a respite” from skyrocketing housing costsvarious debts, and inflation, which continues to rise under the leadership of President Joe Biden and Democrats. Pew Research defines multigenerational living as “living in a household that includes two or more adult generations.”

While the share of of all adults living in a home that include two or more adult generations has increased, growth has occurred fastest among adults 25-34.

“In 1971, similar shares of adults across age groups lived in a multigenerational household, but by 2021, young adults were far more likely than older Americans to have this type of living arrangement,” according to the report.

 

READ MORE….

Daily News PDF Archives – Jellyfish.News

Be First to Comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Breaking News: