The latest stats are not out yet--the census moves slowly--but it will doubtless show that this Great Recession has created a migration of sorts: adult children moving back home. In 1970, less than 8 percent of adult children between the ages of 25 to 34 lived with parents. By 2000, that percent was at 10.5. By 2010, the percent will be larger. The census suggests that there will be more than 80 million parents of grown children who have one of those children living home again.
What’s driving adult kids back home? Difficulties finding a job, decision to go back to school [graduate degree, anyone?]. Then there's foreclosures and housing prices. Besides the economic reasons, there are the age-old ones--protective parents and kids who've learned to love the comforts of being taken care of.
In today's world, financial pressures have to top the list. But there's also a need for a safe haven during a divorce. And, the grown kids may move back home to help out their aging parents.
If you're looking for practical advice on what to do if the boomerang happens to you, try this Web site. The bottom line on the author's advice: "Remember to treat your boomerang kids as adults. Making life easier on grown kids who live at home by doing their laundry