The Boomerang Generation
Large majorities of young adults ages 25 to 34 who are living at home with parents say they’re satisfied with that arrangement and upbeat about their future finances.
The Return of the Multi-Generational Family Household
The multi-generational American family household is staging a comeback — driven in part by the job losses and home foreclosures of recent years, but more so by demographic changes that have been gathering steam for decades. As of 2008, a record 49 million Americans, or 16.1% of the total U.S. population, lived in such a household, up from 28 million, or 12.l%, in 1980. Such households had been more common a century ago, but began to fall out of favor after World War II. Now they are coming back.
Home for the Holidays…and Every Other Day
The journey home won’t be quite as far this year for many young adults. Instead of traveling across country or across town, many grown sons and daughters will be coming to the holiday dinner table from their old bedroom down the hall, which now doubles as their recession-era refuge.