High housing costs and stagnant wages force 30% of under-35s to reside with parents, despite 70% holding jobs, per data.
Nearly one-third of adults under 35 live with their parents, a trend driven by soaring housing costs and stagnant wages. About 70% of these individuals are employed, challenging the assumption that joblessness is the primary cause.
Housing affordability has worsened, with new homes averaging $540,600 in May 2026. Elevated borrowing costs and high rents further strain young adults, making independence financially unattainable for many despite steady incomes.
The shift reflects a broader disconnect between earnings and living expenses, reshaping traditional milestones like homeownership and financial independence.