Living in many places around the United States isn't as cheap as many might think it is and for some who couldn't take the financial pressure of losing their job or the downturn that came with the recent COVID-19 situation, it meant moving in back with parents.

Millions of people have moved back in with their parents in the last couple of months.

It's estimated that more than 2 million adults moved back in with their grandparents or their parents, the busiest months were seen to be March and April. Now that things have started opening back up in many places, the numbers will begin to go down. Still, there will still be a lot of difficulty for many businesses in looking to get back on their feet, especially with the new restrictions that still remain on business.

Millions of people lost their jobs during those few months, but some reports suggest that as much as one-third of those jobs have now been recovered. This means more than 4 million jobs have been added back to the market in recent months.

Still, for many they don't know when they will return to work.

1 in 13 break lease in San Fran to leave early

For the most expensive city in the entire country, many people are simply leaving even if that means breaking their lease. Recently they have been seeing startling numbers of people that have been looking to get out and get something cheaper. Might this turn the tide and make it a more appealing renters market?. For some individuals they can find themselves paying anywhere upwards of $3k to $4k for a one bedroom in the region, and not many people can afford that sort of lifestyle. Why pay that if you can move somewhere else and have a drastically different, improved standard of living? Perhaps it is only a matter of time before more catch on and flee just the same.

For some small businesses they have been getting some relief after suffering the economic downturn with COVID-19 and for many it wasn't enough, a great deal of businesses had to close for good and there are still some that aren't out of the woods just yet.

With those millions of people moving back in with parents that is millions of dollars taken out from the renters market. Right now it is estimated that for those between 18-25 there has been about a 12 percent decline for individuals that age who are living on their own. Overall, it's estimated that some 32+ million adults might be currently living at home with parents in the United States.

Pics: pixabay