In the Bay Area, 1 in 4 millennials (and 3 in 4 Gen Zers) still live at home
High cost of housing is keeping young adults with their parents longer than past generations BY Ethan Varian | The Mercury News After Kelly Zhao earned a master’s degree in ethnic studies from UCLA last year, she followed the lead of so many other young graduates thrust into a competitive job market: She moved back in with her parents while she looked for work. Upon returning to her childhood home in Pittsburg, Zhao, 25, soon found a job with a local advocacy group, making around $70,000 a year. But even then, she said, renting an apartment just doesn’t make financial sense right now, especially while contributing around $1,500 a month...
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