There were many stories during the first few months of the pandemic about the financial hardships that had forced young adults to move back home with family. Census data shows it was an historic shift in the number of U.S. households.
“By mid-summer of 2020, there were 2 and a half million fewer households than there were before the pandemic,” said Chris Salviati at Apartment List, which researched the pandemic’s effect on household formation. “This is really unprecedented.”
The report said at one point in 2020, more than 75% of Gen Z adults were living with a parent.
But the vanishing of millions of households didn’t last.