Most Young Adults Know Peers Who Have Moved Back in with Parents
The Great Recession seems to have accelerated the tendency of today’s young adults – sometimes labeled the “boomerang generation” – to move out of the family house for a time and then boomerang back.
Whether or not they live with their parents, most young adults say they have a friend or family member who has moved back in with their parents in the past few years because of economic conditions. Among all 18- to 34-year-olds, 63% say they know someone who had to move back home because of the economy.
Young adults who are themselves living at home (or who moved back in temporarily) are more likely than others to know someone in the same situation. More than seven-in-ten young adults who are living with their parents say they have a friend or family member who moved back home in recent years. This compares with 58% of young adults who are living on their own.
Roughly one-in-three parents of adult children (29%) say that an adult child of theirs has moved back in with them in the past few years because of economic conditions. Mothers of adult children are more likely than fathers to report that their adult child has moved back home in recent years (35% vs. 21%). And Hispanic parents are more likely than black or white parents to say they’ve had an adult child move back home recently.
There is no clear socio-economic pattern to this. Parents with annual household incomes of $100,000 or more are just as likely as those with incomes under $30,000 to say their adult child has moved back home because of economic conditions. Read More