The number of young adults living at home crested at 52% in July 2020, the highest number ever recorded (the former high was around 48%, following the Great Depression—yes, the 1930s).

Understandably, this figure rocked the internet—and spawned a deluge of articles in the years since hypothesizing about the why and how. And while things have since “normalized” back to a level of around 47%, that figure is still—historically—high, and deserves a closer look.

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