More than half of 18 to 29-year-olds in the US are living with parents

Frances Mulraney:

The number of young adults living with their parents in the United States has reached 52 percent, at or near the highest point it has ever been, according to a new report. 

The figures are now at the highest point they have been since the Great Depression, as the coronavirus pandemic continues its devastating impact on the economy.

As of July, the study from Pew Research Center found that more than half of US young adults are living with one or both of their parents.   

It notes that the change is also narrowing the racial divide as more white young adults are living with their parents than in previous decades.