Few dream of living with their parents at adulthood, but it is a reality for many.
An average of 11.8% of the adults who work still live with their parents, found a new study by Lendingree. The U.S.’s main 50 -meter analysis revealed where adult children are less likely to leave the nest. He emphasized the sunny and faces of California and Florida.
Matt Schulz, a consumer finance analyst at Lendingree, told The Post that the results were a clear “time of time”.
“In previous generations, re -entering with mother and father could have been a sign of defeat or failure, but now it is not seen,” said Schulz. “People are much more practical and people see the value of spending a while with their parents.”
According to the study, more than one in five working adults in Riverside, California, live with their parents. Near Los Angeles is a second second to 20% of adults, followed by Miami at 19.8%.
The data, extracted from the surveys of the North -American Community of 2018 and 2023, reveal a mixture of economic motivators for adults between the ages of 25 and 40 to stay home.
In Riverside, a prohibitive cost of life is probably what adults probably to be under the roof of their parents and save, Schulz said. In the meantime, in cities like Detroit, 15.6% of the older people who still live with their parents can feel the pressures of low wages and limited employment opportunities.
Next to the Flip, the meters with less ends of prices and constantly increase the supply of homes allow for more empty nesting and children with their own places. Suggestion: These are the places that grew the most during Covid-19.
Austin, Texas; Raleigh, NC; And Denver have the lowest rates of home adults, ranging from 5.8% to Austin and 7% to Denver. Schulz attributed the adult populations that are highly independent of these cities to rise development and high purchasing power.
“It is very difficult to exaggerate the importance of the cost of life in terms of where people live,” Schulz said. “And also have this room to grow.”
Parent-adult cohabitation rates actually fell by 8.3% between the 2018 and 2023 study rank. Only 13 meters increased, with an increase of 22.1% in Las Vegas who led the post.
“A really significant thing that happened was the growth of remote work,” said Schulz. “Maybe people could move somewhere cheaper, and that could have allowed them to get out.”
Almost 12% of worked American adults living with mother and father are not a dead base. One third of them has a baccalaureate or higher title, according to the analysis. They usually gain less than their most independent companions, a good reason to stay home and save.
After all, the mother’s kitchen is not the only reason to keep you in your childhood bed. According to the study, adults at home, on average, should allocate more than 40% of their monthly income to rent a room apartment. This number increases to 54.3% in Tampa.
At the end of the day, living with people can provide greater financial safety and an increase in serious savings, but it is not always ideal. Schulz said that the end goal of adults at home should be to leave as much money as they may be able to position themselves for the best possible flight of the nest.
“It is really important for people to take advantage of the time they live with their parents, financially,” Schulz said. “But it is also important not to put it so comfortable and to establish -they end up over their welcome.” No matter how much your parents love you, you probably don’t necessarily want you to be 50 years old and you still have to live with them. “
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