USA Today Asks Eric How Boomerang Kids Affect Parents’ Retirement

Article by Anna Helhoski

If your child becomes one of the millions of young adults who boomerangs home to live with you, the added expense could put a serious crimp in your retirement plans.

Despite an economy that has been steadily recovering since the Great Recession ended in 2009, just 67% of people ages 18 to 34 lived apart from their families in the first four months of this year, according to a study by the Pew Research Center. That recent data echoes similar numbers from a 2013 Gallup poll that also found one-third of adults ages 18 to 35 were still living with their parents. Just as middle-aged parents put some of their heaviest financial burdens behind them, their kids come calling for help.

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