Opinion: Nearly half of adults under 30 live with their parents. The financial fallout could last for decades. Young people are increasingly living with their parents instead of establishing their own households.
Millennials came of age watching shows like “Friends” and “New Girl” that often featured 20- and 30-somethings living in their first apartments. The characters’ parents may have visited and participated in the story lines, but these young adults were living independently. Yet it doesn’t seem a coincidence to me that one newer show that caters to Generation Z, “Adults,” has a group of friends living rent-free in one of the character’s childhood home.
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These sectors are already wobbling. Geoffrey Sanzenbacher is a professor of the practice of economics at Boston College. He is also a research fellow at the Center for Retirement Research at Boston College.
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