Nearly a quarter of millennials (22 percent) are living with their parents, and more than half of those living with them (55 percent) made the move in 2022, according to a December survey from PropertyManagement.com.
Many said they’re back home due to high rent, money concerns or job losses—and 9 in 10 say they would move out if they made more money.
“It can be very frustrating for the parents and the young adult to be in a more dependent position than what their age dictates,” says Mariana Martinez, senior family dynamics consultant and vice president for Wells Fargo Wealth and Investment Management. “It is useful to keep in mind that there were extraordinary circumstances that led them to their current situation.”…