39% of younger millennials say the Covid-19 recession has them moving back home

  • 📰 CNBC
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

MakeIt Absolutely

MakeIt because living on their own is somehow not 'home'

MakeIt It is much more than 39%

MakeIt Not surprising. One roommate losing their job can end up vacating an entire apartment.

MakeIt What percent of 24-29 year olds are in college

MakeIt Oppertunities are taken away. Nobody is there to coordinate it. They have no choice. Trump´s America screws these people over soooooo bad.

MakeIt Good for them because we're on the second enormous bailout of their parents that will have to be paid for by millennials either through taxes or inflation. All this racism talk is just distracting the young while the old rob their future AGAIN.

MakeIt Have they considered learning to code?

deray MakeIt I rather camp in the forest then move back with my parents.

MakeIt Live Free Or Die

MakeIt Really thrilled to be looking at Crushing Once In A Lifetime Recession 2 of my career.

MakeIt Thanks Boomers....

deray MakeIt If your life hasn't been upended by a crushing economic crisis are you even a millennial?

MakeIt 50% of my millennials have never left and don’t plan it. I think eviction is next

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Evidence Suggests Young Children Spread Covid-19 More Efficiently Than AdultsTwo new studies from different parts of the world arrived at the same conclusion: that young children not only transmit SARS-CoV-2 efficiently, but may be major drivers of the pandemic as well. 😂 stop it Soooo convenient right before school is about to start....so all those day care centers that have been open for months and no outbreaks? Hmmmmm
Source: Forbes - 🏆 394. / 53 Read more »

Bill Nye’s message to young revelers defying COVID-19 guidanceBill Nye the Science Guy has a simple message for many of the same people who grew up learning from his TV show: Choose to stay at home and you will save lives. 'For crying out loud, this is not rocket surgery,' he told Nightline. Nightline What is rocket surgery? Is he talking about sex changes? Nightline 99+% recovery rate. i have shit to do. stay home if you’re scared. Nightline Lol, Bill Nye the science guy, licking the bottom of the barrel ABC.... Can't stop laughing
Source: ABC - 🏆 471. / 51 Read more »

U.S. to Launch Covid-19 Drug Research Starting With Eli Lilly TreatmentThe National Institutes of Health said it is launching wide-ranging studies of potential drugs to treat Covid-19 beginning with a monoclonal antibody drug from Eli Lilly & Co. called LY-CoV555. Dr. Anthony Fauci, has known since 2005 that Hydroxychloroquine is an effective inhibitor of coronaviruses. AliceV42035735 Oh yeah And just what is wrong with Hydroxychloquine/Zinc? Just because DJT promotes it’s use....after it being a GOOD drug for 65 years....? Crazy Fauci........crazy 80 yo man.....! I can call him that because I am 81yo!! SO THERE!!😉👍🏻🇺🇸 I have the cure to corona virus. Find me a positive and I will turn them into a negative.
Source: WSJ - 🏆 98. / 63 Read more »

Having Pivoted at the Start of COVID-19, Distilleries Are Now Drowning in Hand SanitizerHaving pivoted at the start of COVID-19, distilleries are now drowning in hand sanitizer Always meth
Source: Eater - 🏆 368. / 59 Read more »

Hair scavenged from Nairobi dump ends up in salon amid COVID-19 pandemicStylist Julia Wanja picks her way delicately through piles of food waste, discarded masks, rubber gloves and other rubbish at Nairobi's Dandora dumpsite, looking for used hair extensions she can clean and resell to customers. 'No, I said you got a trash weave.' 🙆🏽‍♀️ Yuck !!!
Source: Reuters - 🏆 2. / 97 Read more »

Atlanta Teen Loses Both Parents To COVID-19 Just Days Apart17-year-old Justin Hunter is a rising football star at his Atlanta High School. Last week, he lost both his parents to COVID-19. 😥😭 Unfortunately with the ill advised school reopenings, we'll be seeing a lot of these stories over the next few months. 😭😭
Source: ScaryMommy - 🏆 116. / 63 Read more »