Key Points
- 1 in 4 millennials are currently living with their parents
- 1 in 8 millennials moved back in with their parents this year
- Many cited high rent, money concerns, and job losses as reasons why
- Of those who couldn’t afford rent, 91% would move out if they made more money
- Despite wanting to own a home, 44% can only afford a 3.5% mortgage rate or less
- 15% spend more than the recommended 50% net income on rent
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