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Home Press Releases Press Releases - Lifestyle

High Living Costs Have Pushed Nearly Half of Recent College Grads to Move in With Their Parents

Cision PR Newswire by Cision PR Newswire
August 4, 2026
in Press Releases - Lifestyle
Reading Time: 3 mins read
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Just half of recent college graduates (50%) became financially independent within one year of graduating, driving 49% back into their parents’ homes.

ST. LOUIS, Aug. 4, 2026 /PRNewswire/ — Nearly half of recent college graduates (49%) had to move back in with their parents after graduating, and 46% of them still live there, according to a new report from Clever Real Estate, a St. Louis-based discount real estate broker where sellers can compare local, full-service real estate agents near them and save money on their next sale.

In a survey of 1,000 Gen Zers, a majority (52%) say they’re more likely to move back in with their parents in the next five years than buy a home of their own. Of those who have moved back home, most (58%) blame the high cost of living.

For many, moving home is a financial necessity. A majority of Gen Zers (59%) still rely on financial support from their parents, and 31% say their parents cover all of their bills.

Although 67% of current college students would be open to moving back home to save money, those who live with their parents have a median of just $4,000 saved, compared with $12,000 among those who do not.

Just 7% of current college students say they would actively choose to live with their parents after graduating. A third (33%) would prefer to buy a home, but only 13% of recent grads actually became homeowners.

Despite the obstacles, owning a home within the next 10 years is the achievement Gen Z would find most impressive (32%), ahead of earning a six-figure salary (30%), getting married (12%), and being debt-free (12%).

Just 8% of Gen Zers say they never want to own a home. In fact, over half (58%) say they are rooting for a housing market crash so they could actually afford to buy.

Although 95% of Gen Z believe they will own a home someday, 57% doubt they will be able to afford one at the age their parents did.

Gen Z’s expectations, however, may still be too optimistic. Even with the median first-time buyer in the U.S. now hitting age 40, about 64% of Gen Z expect to buy a home before they turn 35.

Gen Zers are willing to go to extremes to buy a home sooner. About a third would work overtime (35%) or take a second job (32%), while others would delay having children (21%), put off marriage (16%), or raid their retirement savings (10%).

Some would go even further to avoid moving back in with their parents, with 19% willing to skip meals and 12% willing to live in their car.

Read the full report at: https://listwithclever.com/research/young-adults-living-with-parents-2026/

About Clever Real Estate
Clever Real Estate allows sellers to compare top-rated discount real estate brokers and low-commission realtors in their local area. Clever’s content reaches over 12 million readers annually, and its nationwide agent matching service has a 5.0-star Trustpilot rating across more than 4,300 customer reviews. Since launching in 2017, Clever has reached over $16.7 billion in real estate sold, matched over 248,000 customers with realtors, and saved consumers over $250 million on commission fees. Clever’s network spans over 13,000 agents across all 50 states.

CONTACT:
Nicole Lehman
Clever Real Estate
420068@email4pr.com
724-719-0406

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/high-living-costs-have-pushed-nearly-half-of-recent-college-grads-to-move-in-with-their-parents-302842307.html

SOURCE Clever Real Estate

Cision PR Newswire

Cision PR Newswire

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