Pete Davidson isn't the only one — 52% of young adults are living with their parents, according to a new poll

  • Since the start of the coronavirus pandemic, 52% of young adults are living with their parents, according to a new analysis by Pew Research center.
  • That's the higher than any prior measure on record, even surpassing the Great Depression's peak. 
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Pete Davidson isn't the only one: 52% of young Americans are living with their parents, according to a new poll by Pew Research Center.

The number is now the highest on record, according to Pew, surpassing the 48% peak recorded during the Great Depression.

Even prior to the COVID-19 pandemic, a large portion of 18- to 29-year-olds were living with a parent. A 2016 report said millennial men were more likely to live with a mom or dad than with a significant other. And a 2019 report found that millenials, already behind because of the 2008 financial crisis, are plagued by four main costs: college tuition, housing, healthcare, and childcare. In July of 2019, 47% of young adults lived with a parent.

But the coronavirus pandemic has worsened the economic outlook for this generation struggling financially, pushing 2.6 million more young people to move back home. One quarter of young-adult workers, aged 16 to 24, lost their jobs between February and May, according to Pew, and another study found that 18- to 29-year-olds lost jobs or received pay cuts in greater shares than other age groups. 

Comedian and actor Pete Davidson, who is known to live in the basement of a Long Island home he bought with his mom, put the phenomenon simply on an episode of "Saturday Night Live." "She's not just my mom," he said. "She's also my roommate."

https://www.youtube.com/embed/3VubWlYr9Ek

 

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