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Explaining the Increase in Young Adults Living with Parents

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  • Vishnu Srinivas

Abstract

In recent years, a rising proportion of young adults living with their parents has garnered national attention. Even young adults between the ages of twenty-five to thirty-four have not been immune to this trend. This article explores the causes behind the rising parental co-residence over the past thirty-five years using macro data. The article shows that rents have far outstripped incomes for young adults and that increasing unaffordability of renting is a significant factor behind the rising proportion of young adults living with their parents. Although declining interest rates have mitigated rising home prices thereby increasing home affordability, they have not impacted rental affordability.

Suggested Citation

  • Vishnu Srinivas, 2019. "Explaining the Increase in Young Adults Living with Parents," Journal of Economic Issues, Taylor & Francis Journals, vol. 53(4), pages 1017-1028, October.
    • Handle: RePEc:mes:jeciss:v:53:y:2019:i:4:p:1017-1028
    DOI: 10.1080/00213624.2019.1664237
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    Cited by:

    1. Marek Bryx & Janusz Sobieraj & Dominik Metelski & Izabela Rudzka, 2021. "Buying vs. Renting a Home in View of Young Adults in Poland," Land, MDPI, vol. 10(11), pages 1-31, November.

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