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One in three adults under 35 lives with parents amid housing shortage: report
Fox Business • • business
Key Points:
- In 2025, 25.2 million adults under 35, roughly one in three, lived with a parent due to high housing costs, highlighting challenges young adults face in affording independent living despite being employed and educated.
- The U.S. housing shortage, particularly of entry-level homes, has worsened since the 2008 financial crisis, contributing to rising home prices and rents, with the national median home listing price at $430,000 and median rent at $1,673.
- This trend has delayed household formation, with the typical first-time homebuyer now aged 40, creating a significant latent demand for housing as millions postpone renting or buying.
- Prolonged living at home can delay young adults' ability to accumulate housing equity, potentially impacting their long-term financial stability.
- Projections indicate the national median home price could reach $1 million by 2050, coinciding with millennials' retirement age, underscoring ongoing affordability challenges.
