Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Eniola Odetunde/Axios

A higher percentage of young adults in the U.S. are living with their parents now than they were at the end of the Great Depression, according to Pew Research data released Friday.

Why it matters: The data suggest that the economic uncertainty and continuing unemployment brought on by the coronavirus pandemic are pushing more young adults to move in with their parents.

By the numbers: According to Pew, 52% of young adults aged 18 to 29 were living with one or both of their parents in July. That's more than the 48% of young Americans who lived with their parents in 1940, the previous recorded peak.

  • Yes, but: Pew points out that there is no relevant data for the height of the Great Depression in the 1930s.
  • Still, more than 50% of young adults counted in the U.S. Census Bureau's Current Population survey have been living with parents since April of this year, per Pew.

The big picture: Deciding whether to move back in with their parents is just one of the compounding challenges young adults in the U.S. have faced due to the pandemic.

  • Working from home: Young adults just starting their careers face stunted opportunities for mentorship and growth while working remotely, The Atlantic's Amanda Mull writes.
  • Mental health: One in four Americans between 18 and 24 years old said they had considered suicide in June because of the pandemic, according to a survey from the Centers of Disease Control and Prevention.
  • College: 22% of college students across all four years are not planning to enroll this fall, according to a College Reaction/Axios poll found. Universities, meanwhile, have sparked a new wave of coronavirus hotspots across the country.

The bottom line: More young adults living at home may affect the U.S. economy by slowing demand for housing and household goods, and by cutting down the number of renters, per Pew.

Methodology: Pew used data from the Current Population Survey (CPS) by the U.S. Census Bureau, based on a sample survey of roughly 60,000 households. Responses to the CPS in July decreased by 15.3 percentage points due to data collection limited by the coronavirus outbreak.

Go deeper

Americans used disaster housing more than 1 million times in 2020

A person and a pup evacuated from a wildfire near Vacaville, California, taking refuge at a Red Cross shelter in August 2020. Photo: Gabrielle Lurie/The San Francisco Chronicle via Getty Images

People used emergency lodging across the U.S. more than 1 million times in 2020, over four times the annual average during the past decade, the American Red Cross said.

Why it matters: The figure is a testament to how the COVID-19 pandemic, active wildfires, a relentless hurricane season and other natural disasters wracked the country this year.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: The end of quarantine — CDC updates guidance on airborne COVID-19.
  2. Politics: Oklahoma secures $2.6 million refund for hydroxychloroquine purchase — Why Biden's latest vaccine goal is his hardest yet.
  3. Vaccines: Pfizer begins application for full FDA approval of COVID-19 vaccine — Moderna says its COVID booster shot shows promise against variants.
  4. Economy: U.S. adds just 266,000 jobs in April, far below expectations.
  5. World: Asia faces massive new COVID surge.
  6. Variant tracker: Where different strains are spreading.

COVID-19 vaccine will arrive to states by Monday

General Gustave Perna, chief operating officer for the Defense Department's Project Warp Speed. Photo: Tasos Katopodis/Getty Images

Pfizer's coronavirus vaccine, which was authorized for emergency use on Friday night, is expected to arrive throughout the U.S. by Monday to administer to health care workers, U.S. officials said Saturday.

Why it matters: The administration green-lighting shipments and distribution this weekend comes as the U.S. topped more than 3,000 deaths a day — more than 9/11 or D-Day.