The number of American young adults living with their parents is at or near an all-time high, according to a new report from Pew Research Center.
A study by the center published Friday found that 52% of young adults lived with one or both of their parents in July, more than any other time in history.
"Before 2020, the highest measured value was in the 1940 census at the end of the Great Depression, when 48% of young adults lived with their parents," the report said the report. "The peak may have been higher during the worst of the Great Depression in the 1930s, but there is no data for that period."
The number of young adults — defined by Pew as 18- to 29-year-olds — living with their parents grew by 2.6 million in February to 26.6 million in July.
Pew said that growth in the number of young adults living with their parents was sharpest among those ages 18 to 24.
"The number and share of young adults living with their parents grew across the board for all major racial and ethnic groups, men and women, and metropolitan and rural residents, as well as in all four main census regions," Pew said.