Pew recently found that multigenerational living is rising dramatically among young Americans, in part as a way to cope with skyrocketing housing and schooling costs.
It's yet another data point suggesting many young Americans are staying relatively close to home rather than striking out on their own, in part due to economic forces.90% live fewer than 500 miles away.Black and Hispanic people live closer to their hometowns than other groups, per the study.
And "distances traveled rise rapidly at the top of the income distribution, increasing to an average of 325 miles for those born to families in the top 1%."
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