Boomerang Kids: Why One-Third of Young Adults Are Moving Back Home 🏡
A new U.S. Census Bureau report reveals that nearly one-third of adults aged 18-34 are living with their parents, highlighting a growing trend driven by economic challenges and shocks.
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Approximately one-third of U.S. adults aged 18 to 34 live with their parents, according to U.S. Census Bureau data. Researchers link the increase of boomerang kids to young adults facing economic challenges, challenging media stereotypes about the generation's lifestyle choices. Economic shocks, such as the 2008 financial crisis and the pandemic, have exacerbated financial instability for young adults, making it harder for them to leave their parents’ homes. Analysts warn that this shift may suppress consumer spending and slow economic growth.
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Published
Nov 19, 2024
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