Not so empty nesters: record-high number of US adults under 35 live at home, new data says

According to recent data, a record-high number of US adults under the age of 35 are living at home, defying the traditional notion of 'empty nesters.' This phenomenon is largely attributed to the increasing unaffordability of housing in the US, rather than labor market conditions. As housing costs continue to rise, many young adults are finding it difficult to secure stable and affordable living arrangements, leading them to remain in their family homes for longer periods. This trend has significant implications for the US housing market, household formation, and the broader economy, underscoring the need for policymakers to address the root causes of unaffordability and provide support for young adults struggling to establish independent lives.