It has been revealed that the number of young people who are not independent and living with their parents after graduating from college has been increasing rapidly in California. This is because it is difficult to afford the soaring housing costs.
Recently, the number of young Koreans who graduated from college in Southern California who are not independent and living with their parents has been increasing rapidly, and this trend has been confirmed to be a phenomenon that applies to the entire state.
It was revealed that one in four adults in the state lives with their family. In the 1960s, only 5 percent of adults between the ages of 24 and 35 lived with their parents, but as of 2022, more than 40 percent of adults between the ages of 24 and 35 in the state live with their parents. The reason why they are not able to become independent even though they are at the age of graduating from college and entering society is because it is difficult to afford the soaring housing costs.
According to the website ‘Apartment List’, the housing prices in the state are much more burdensome than in other states, which is why the MZ generation young people are becoming independent later. In 1960, 60 percent of young people could afford the median housing cost, but in 2022, only 18 percent of young people can afford the median housing cost.
In addition, as the burden of tuition increases among college students, the delay in graduation was cited as a reason why it is difficult to become independent from their families in a timely manner. The phenomenon of young people’s delayed independence is occurring throughout the country. This phenomenon is occurring from Cupertino in Northern California to Riverside in Southern California.
In Riverside, it is known that one in three adults live with their parents. Since many jobs are concentrated in large cities like LA, it is pointed out that young people in the inland region, where it is difficult to find jobs, are having a hard time becoming independent. In the case of young people from low-income families, there are cases where they stay with their families for the purpose of supporting their families, and there are cases where several generations of Hispanic, black, and some Asian communities live together, delaying the independence of young people.