Aug 27, 2023

Question of the Day: What percent of 18-24 year olds are currently living with their parents?

At the height of the pandemic, the percentage of young adults living with their parents hit its highest rate ever since the Great Depression but has since come down slightly. What percent is it at today?

Answer: 56%

Questions:

  1. Do you know anyone in the 18-24 year age range who lives with their parents? Who? Why do they live with their parents?

  2. The percentage of 18-24 year-olds living with their parents varies drastically by state. Why do you think that certain states have higher percentages of 18-24 year-olds living at home with their parents?

  3. At what age do you envision yourself living on your own? What is your plan to develop financial independence?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

 

Behind The Numbers (US Census Bureau - Data Chart):

"Living Arrangements:

More than half (56%) of adults ages 18 to 24 lived in their parental home, compared to 16% of adults ages 25 to 34 in 2022." 

 

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Learn more about budgeting strategies in the NGPF On-Demand: Popular Budgeting Methods & Strategies

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About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.

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