39% of younger millennials say the Covid-19 recession has them moving back home. (via CNBCMakeIt)
Nearly 3 out of 4 younger millennials are concerned that the coronavirus pandemic will impact their finances, with 57% saying that Covid-19 derailed their plans for financial independence.
Even some of those who haven't made the move home are still getting help. About 15% of younger millennials say their parents are paying part of their rent, while another 15% say their parents are covering all of their housing costs. While moving back in with your parents would normally be considered a setback for many, times are not normal, says personal finance author Bobbi Rebell, host of the. Some people may be moving back home for financial reasons, but there are also those heading home for other reasons, such as to help their parents or to be in a safer or more controllable environment than they would be in with a roommate.
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