Survey: 36% Of People Age 18-35 In Pa. Moved Back In With Parents In Past Year To Save Money

By: KDKA-TV News Staff

PITTSBURGH (KDKA) -- Do you know anyone who is moving back in with their parents to save money, or know parents who have grown children moving back home? You're not alone.

A survey of Pennsylvanians by real estate website 'I Sold My House' found more than 1-in-3 adults in between age 18 and age 35 moved back in with their parents over the last year.

The so-called 'Boomerang Generation' straddling Millennials and Generation Z is facing higher rents, increasing an average of 8% in the last year -- the largest spike in rent in nearly 15 years.

But many parents aren't welcoming their baby birds back to the nest with open wings.

15% of parents say they feel burdened by having to house their adult kids, with some saying they have to delay retirement or put off downsizing to a smaller, cheaper home.