Kids Moving Back Home? Time to Write Up a Lease

In the midst of this COVID crisis, one fallout is that today’s Millennials and adult Gen Zers may not be able to make ends meet, and they may be moving back home with Mom and Dad or even with Grandma and Grandpa. According to Zillow, as the pandemic struck, there were 32 million adult children who moved back into their parents’ or grandparents’ homes as of April.  It was the highest number on record.  More than 80% of those who recently moved back in with their elders are from Gen Z, those who are currently up to about 25 years old.

In many cases some of these young adults are part of the gig economy, which suffered great layoffs during the pandemic. While this move-back-home trend is almost entirely due to the pandemic,