50% of young adults are living with their parents, an all time high per Morgan Stanley

50% of young adults are living with their parents, an all time high per Morgan Stanley.

Recent data from the US Census Bureau shows that nearly half of young Americans between the ages of 18 and 29 are living with their parents today. That's a historical high not seen since the Great Depression era, Morgan Stanley analysts wrote in a Friday note.

The analysts estimated that around 48% of young adults are living with parents in 2022, similar to levels seen in the 1940s.

The levels of young adults living at home peaked at 49.5% around 2020, coinciding with the outbreak of the COVID-19 pandemic. The data came from a Pew Research Center analysis, USA Today, the University of Minnesota, and Morgan Stanley research.

"When asked about the incentives to move in with parents, 51% of the young adults said that it was to save money and 39% of them said that it was because they could not afford rent," per PropertyManagement.