Millennials and Gen Z Take Longer to Leave Home Compared to Previous Generations

BY  ON NOVEMBER 14, 2023

A recent report from RentCafe reveals that approximately 14 million Millennials and 23 million Gen Z-ers shared a household with at least one family member. Click here to read more.

RentCafe says this represents the largest generational shares across all age groups.

“Digging into the data reveals a tale of generational adaptation, financial pragmatism, and evolving familial structures that are reshaping the American Dream.”

Some key findings:

  • 20% of Millennials and 68% of Gen Z-ers still live with other family members.
  • Many members of the younger generations living at home do not anticipate a change any time soon.
  • Over 40% of Millennials and Gen Z-ers expect to share their homes for at least two more years. 
  • California is the state with the most Millennials and Gen Z-ers living in multigenerational households.

Click here to read the full report at RentCafe.

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  • Hamza Ashfaq
    published this page in Updates 2023-12-16 05:31:16 -0700