Almost half of young people still live with their parents under Biden economy: poll

Financial constraints stood as the primary motivators for young adults returning home, with 40% expressing a desire to save money and 30% opining that they couldn't afford to live on their own.

By Ben Whedon

Published: September 22, 2023 3:41pm

Nearly half of young adults between the ages of 18 and 29 are still living with their parents, a recent survey has revealed.

45% of young people in that age range live under such conditions, according to a Harris Poll conducted for Bloomberg. That figure includes 60% of Gen Zers and Millennials that indicated they returned to their family homes in the past two years.

The current figures represent the highest levels of young adults living with their parents since the 1940s. Financial constraints stood as the primary motivators for young adults returning home, with 40% expressing a desire to save money and 30% opining that they couldn't afford to live on their own.

The survey questioned over 4,000 U.S. adults.

The results come amid public anxiety over the economy. On average, 37.3% approve of the Biden administration's handling of the economy, according to RealClearPolitics while 60.0% disapprove.

Ben Whedon is an editor and reporter for Just the News. Follow him on X, formerly Twitter.