Millions Of US Millennials Moved In With Their Parents This Year

  • 1 in 4 millennials are currently living with their parents
  • 1 in 8 millennials moved back in with their parents this year
  • Many cited high rent, money concerns, and job losses as reasons why
  • Of those who couldn’t afford rent, 91% would move out if they made more money
  • Despite wanting to own a home, 44% can only afford a 3.5% mortgage rate or less
  • 15% spend more than the recommended 50% net income on rent