More adults are moving in with their parents as the U.S. affordability crisis deepens
Video Overview & Insights
With inflation and rising costs, the affordability crisis is prompting some adults to consider rooming with their parents. CBS News' Jericka Duncan spoke with a 34-year-old woman about her decision to move back home.
Omg my parents and extended family wouldn't allow any of their children to move back home it considered FAILURE TO PARENTS and we received, including extended cousins any financial safety support. Things have always been expensive it just didn't start with internet when everyone is crying because they want everything but can't afford it. It was this way in 70s. Parents can't afford to feed,house, pay children bills on their ONLY ONE SSA income, EVERYONE WILL END UP HOMELESS EVENTUALLY. The math proves this. Being single earning $2 hr minimum wage, in 70s. No one felt sorry for us. We had to make it or lose everything which WAS NOT AN OPTION!!! UNBELIEVABLE 😮
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Un huh...so not voting for Kamala was a bad idea after all huh?...😂
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Can’t imagine what it’s gonna be like ten years from now. How will people survive? Raises ain’t happening and everything is outrageously high! 🤷♂️
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The govt needs to subsidise housing
, instead fighting these wars
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No you didn’t move back home for a few months the system has been broken for long time I’ve been at home since 25 and now I’m 36 still working running on a hamster wheel and getting nowhere.
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So she was relying on her bf to pay rent? Maybe get an actual job. Yes the CoL is high but all of this news for a temp situation..This doesn't seem relatable at all..
More User Perspectives
I have the opposite happening. My husband and I are in our 30s with 3 kids with my mother living with us. Regardless of generations, its ridiculously expensive. Especially right now.
@marmah7974Why would u get a useless lib arts degree. Get a STEM degree, u will be helping your parents, not vise versa. Ridiculous.
@wewatchthenightAs my children went off to college, my dream was always to downsize our home but now I feel that would be very short sighted.
@markthorsen2888We have one of the best governments in the world and they have failed us, they care more about other countries than they do their own people.
@Tech-house98I’m not saying they gotta move out at 18 but nah when you leave the nest honey there is no coming back 😂
@Littymarie95Student loan I get but move somewhere with public transit. You don't need a car.
@stache1954What’s the # for today?
@nm3547This is a policy failure
@MattGontarchickHow much is spent on the dogs? It is all about choices. Nothing wrong with moving back home, but my wife and I live on $60k. It can be done. We are very frugal, however compared to most. Eating out is rare, for example.
@tomeberly8717First off, this young lady doesn't have a real job and she is a Millennial
A lot of these kids are going out and getting useless degrees and have no work ethic.🤔
Businesses have tried, but resoundingly have stated, They will no longer hire anybody from Gen.Z.
And parents are letting their kids go after these useless degrees!!
Every kid that I encounter, that's getting ready to go to college, or is in college, I asked them the following.
"What job are you going after after you graduate, and what does it currently pay in Today's Society?"
So far, I have yet to meet one kid that can answer that question.🤨
Was that 60k that she mentioned her salary or combined with her boyfriend?🤔
The number is actually higher, it's just that people are too ashamed to admit it.
@user-uu8tn3fn2yStop paying ridiculous high car payments and get a used car. 🙄
@rachelann3662That dude is smiling too much creeping me out.
@CrazyChris0985The billionaires and Trillionaires are living happily. Thats all that matters
@Ronald-j3j3xThe family values party bringing families together.
@martinmyggestik292Much better live with your parents than homeless. Historically, young people lived with their parents until they get married. With all this unaffordability of life alone, people start realising that individualism is a big lie!
@MerBay-r8tHaving trump as presodent o baden your stuck with your parents
@bongtolentino1197Spotlighting a content creator was a subtle editorial choice. Very Bari Weiss, indeed. The 'loser' who made bad choices implication is fairly transparent. C'mon CBS, highlight some other professionals the old crusty conservatives won't be able to pooh pooh.
@Alex_UnorthodoxAt least your parents let you back in, im not even welcome back and i dont even know how to make my rent this month even though i work everyday and im a single mom , lol i love how miserable my life is and how supportive my family are, just love it, i feel super lucky to be alive! When i see other families supporting one another, i wish i knew how that felt, so you are lucky to have them supporting you bcuz some people like me dont even have that even though it seems like such a naturall instinct bcuz im a mom myself, my life is just very sad, so enjoy your stay girl and thank your parents bcuz they are amazing for having your back
@nixcya3180My house has an ADU for rent now. Hope one day my daughter moves back and live in that unit.
@myphuongtran646She doesn't have a fixed paycheck and takes care of 2 big dogs 😂😂😂 and she wonders why she can't pay her bills.
@renkendai2567She will be back with her parents. The economy is getting worse. Soon, it will be the norm that 40 year olds will have to live with their parents.
@LisaSimmons-k8lThats an old 34...
@ApolloIsKingPlease increase affordability in USA😭😭❤💵
@rajadon2071Business coach but she moved in with her parents?
@skittlesgarageThe issue is also a lot of young women want to stay fully independent and don’t need a man.
I’m a 27 year old man and make $120k a year have my own 1 bedroom apartment. The amount of stuck up 27 year old girls who have never moved out of their parents house will question if you’re good enough for them. Yet you ask those same girls. “So have you looked for apartments?” And openly admit they can’t afford it.
😂 get yourself a man that can provide. Your grandparents did it, so did your parents.
The on common trend I see is it’s mostly single women in their late twenties, early thirties who behind the scenes are extremely stuck up and judgemental. Learn how to commit and help contribute or stay at home and be a child.
at last the US is becoming normal
@pipebomber04Drives 65K car snd complains about making 60 K. And content creator is not a job.
@zimm413People need to learn how to fight this world.
Or else we will lose EVERYTHING.
(you will have nothing and be happy)
Gee, i wonder why?
@rifannuari1995Like 3rd world countries, because young adults in those countries CANNOT afford to rent , and 3rd world countires are becoming 1st world countries in prices. Im living in a 3rd world country and in just 6 years prices have become almost doubled.
@asahel980Back then, you can't wait to get out of your Parents' house at 18, just because they don't want you going out partying. Now that the youth don't party anymore, it's better for them to stay with their Parents.
@OnggoGablogianSorry don't buy it. These are failures. Unemployment is very very low. Rent an apartment. Inflation low. In the 1980s mortgage rates were 18% and inflation was 10%.
@stevemichaelstecSo disgusting this greedy capitalist country. I was able to move out on my own at 21! My children couldn't do that years later.
@dianegreen1937The problem is we have not had any recessions so that asset prices can reset to reasonable levels. It is good that families can help one another during these difficult times.
@silversurfer8237I cant move back with mine because i am lgbtq
@vampirefreak12A 34yr old is not a young adult. I also wouldn't take business advice from an adult staying with their parents
@user-os1yg3zl6iGood thing the folks in Washington DC care for the people.
@StephenBurns-lx7wbShe’s beautiful ❤
@dungok-zuTgow-3vezmuJake"Professing themselves to be wise they became FOOLS"!
@JazzfestnHer family looks rich. Nice jeep
@Jdawn92Valid topic, but really? A content creator with lavish taste? Not a good representation.
@L0LrevneD"affordability crisis", you mean the recession??
@ceoxan5227Yep! We are a family of 6. Two senior adults, 2 Gen X age adults, 2 Gen Z young adults. And one small dog. Two young adults can’t afford to live on their own and the the 2 senior baby boomers are in their 80s. Cost of living in this country is no longer an American dream but a nightmare
@davidjsouth231