48% of Americans don’t own a home (36% rent and 11% live at home with their parents or other family members).
Due to the surge in rental costs over the past few years, about 25% of renters say they can no longer afford to make the payment, and they will have to move in with their family or friends.
For those who are able to remain in their current housing, 21% say they’re dependent on money from their family to do so – especially millennials and Gen Z (31% and 25%, respectively).
Multifamily Market News 