Very interesting fact:
For the first time in 130 years, more young adults live with their parents than with partners.
Or rather, not so shocking at the same time.
Let’s face it, housing has become such a headache most places in the world. If you’re located in any high-demand city where there is real job prospects and growth, that means pricey housing costs that are only rising. And it stings.
For most people, as much as the idea of a more independent lifestyle appeals to them, the logistics just don’t make it feel possible. It usually goes something like this:
This is the stream of consciousness that so many young adults go through.
And the statistics really reflect it-- according to the Urban Institute, the proportion of young adults living with their parents has just about doubled in the past decade. And it’s showing no sign of stopping. Trulia also found that last year, almost 40% of young adults lived with their parents or relatives-- the highest point in 75 years. In fact, the only time that this rate was higher in U.S. history was 1940, recovering from the Great Depression. Crazy, right?
While there’s nothing inherently wrong with spending a little more time at home, this isn’t always sustainable, desirable, growth-oriented, or healthy for the parties involved. So it’s time to explore some solutions.
The best one on the block (pun intended) is the rise of CoLiving.
This practice allows people to share a high-quality home by splitting the cost among roommates who have shared personalities, lifestyles, and hobbies. The result? People who live in a beautiful space that they can actually afford, in a quality location, surrounded by people they genuinely love to be around. Far more enriching and beneficial than still living at home.
CoLiving has been a longtime favorite by many names, but is recently becoming more widespread and accessible to those who don’t already have a curated community of people to live with, or the systems in place to make it work.
Modern CoLiving spaces also offer even more elements that cater to young adults, including workspaces, cleaning services, and events to keep them socially fulfilled. Thanks to these new developments, young adults can spend more time doing what they love-- and for most of them, that involves leaving the nest.
Timeline not found.