More young adults are living at home in U.S., report finds

A growing number of Gen Z Americans are living at home even after they graduate from college. According to a Business Insider report, parents are financially supporting their adult children well into their 20s in this tough economy. Eve Upton-Clark, freelance features writer for Business Insider, joins CBS News with more.

[Vista-fgij]

Well yeah, $100k in education gets you an $18/hr job and a starter home is $715k needs work.

[abol]

Gen Z? Even millennials are still at home.

[porsche]

25 year old living at home, rent and groceries are too expensive to live independently & I’d rather be with family then a random roommate.

[bakerkawesa]

Nobody wants to live at home or mooch off their parents. There's a serious socioeconomic problem that politicians don't know how to fix

[Soooooooooooonicable]

She pointed out the reasons. Student Debt, Skyrocketing rent/home prices, inflation. If you're not working a highly-specialized, high-paying job, you're not going to accumulate any wealth if you're living on your own.

[LLrevneD]

I’m about to be 24 and get paid $20/hr for 40 hr/week. Yet the average rent is enough to wipe out one paycheck a month, or half my monthly income. So yeah, I’m not moving out soon.

[brinaldi]

Duh the American Dream is dead and gone why wouldn't they be

[Nik-ppqs]

There’s a difference between being financially independent and being out of your parents’ house. Many people living “on their own” are still being funded by parents in some way. The economy is too tough and there is not enough stable good full time jobs and/or housing. This news lady doesn’t get it.

[tony]

I'm millennial still living at home, no shame guys.

[autumnlaudato]

I have a Bachelor of Arts degree from a great university. I have 6+ years of credible 9-5 experience since graduating college. I was fired (unfairly) from a job a few months ago. I've been looking for a new job ever since. I am being rejected from jobs that literally pay $17-19 per hour (can't afford a studio apartment or groceries / gas for that amount). I hear about people being unable to land jobs with little experience, yet I have a degree and tons of experience and I'm still being rejected from every job. "People don't want to work anymore." Yeah....sure. Let's just say that.

[JorgeVazquezT.]

With business sectors tumbling, expansion taking off, the Fed impressive enormous loan fee climb, while depository yields are rising quickly, and that implies more red ink for portfolios this second half of the year. How might I benefit from the ongoing unpredictable market? I'm currently at an intersection choosing if to sell my stock portfolio.

[MizAmeliaTv]

You guys have been putting out the same video since millennials turned 18 😂

[madelineschuttauf]

It’s not just low paying jobs or lack of jobs…it’s EXPENSES and PRICE GOUGING that is killing young people. A six figure salary is nothing when houses START at half a million, cars START at 30k, insurance costs through the roof and covers less and less every year (have fun with an 80k bill for labor and delivery that your health insurance company will deny, another reason we are not having kids). Rent is horrendous and keeps going up. Young people have no path to anything but their parents couches.

[elliottharris]

Cost of living keeps going up, but paycheck's remain the same. We have a political system that cater to the wealthy.

[Firecracker]

I’d move back home to save money but my mental health is more valuable. My Parents gave me PTSD and trauma

[bjturon]

I'm 42 and still living at home... in fact my parents transferred the house to me and my sister to avoid legal and tax issues as they age. Rents are just too high to live alone.

[DavidB.Fischer]

The problem is jobs do not pay enough to cover student loans. Inflation costs, etc. main problem.

[jacqueslee]

The main reason is the delayed adulthood caused by socioeconomic upheavals in the last two decades. The recession caused millions of millennials to get a bad start in their young adult years, then years later pandemic and housing crisis hit. As a millennial, I have not recovered all those years lost due to the recession and pandemic.

[ninyaninjabrifsanovichthes]

"Why are you still living with your parents?"
"Because I am all out of

[Bigmoney]

I’m 35 im a US navy veteran. I live with my parents I pay them 700$ a month in rent . I drive a 2000 Nissan. Saving for a foreclosure home at the auction ..no shame in my game at all.