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Posted: 2020-09-05T15:46:10Z | Updated: 2020-09-05T15:46:10Z

The number of young adults living with their parents hit at least an eight-decade high in July, as the pandemics disruption of jobs hit young generations particularly hard.

More than half of adults under 30 (52%), or 26.6 million, are living with one or both of their parents as of July, according to a study from Pew Research Center . Thats up from 47% in February and exceeds the previous high of 48% in 1940, according to Census data.

Its also the highest recorded level from the Census dating back to 1900, but no data is available from the Great Depression, which likely was worse, according to Pew.

The increase is part of an upward trend since the 1960s, but the coronavirus distorted that trajectory after states implemented shutdowns and companies laid off workers or moved to remote work. But the effects could take awhile to wane.

For the most part, nobody wants to be living at home with mom and dad, said Jeremy Sopko, CEO of Nations Lending Corporation, a mortgage lender. Its a difficult situation thats been exacerbated by the pandemic and it may take years, if not the better part of a decade, for younger demographics to recover and be financially stable enough to leave home.