Living with parents (LWP) reached an all-time high during the pandemic. But that merely gave LWP a 50% boost. 2021 US Census reports that 23 million (45%) 18-29-year-old Americans were living with parents. That is roughly the LWP level in the 1940s, after the Great Depression.
As the younger generation finds their footing in this altered landscape, society's perceptions about their choices, especially in housing arrangements, have matured.
For a smooth transition, writes Lesley-Anne Scorgie, set up separate banking accounts, make a budget and pay yourself first with a small investment account.