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In Western culture the Boomerang Generation refers to the generation of young adults graduating from high school and college in the 21st century. [1] [2] [3] They are so named for the percentage of whom choose to share a home with their parents after previously living on their own—thus boomeranging back to their parents' residence.
A record number of adults are living at home with their parents as they delay traditional life milestones such as getting married and having babies, new data shows. ... more than 50 per cent of 21 ...
On average, adults in the Sandwich Generation are spending approximately $10,000 and 1,350 hours on their parents and children combined per year. Typically, children require more money and "capital-intensive" care, while aging adults require more time and labor-intensive care. [11]
A 2017 study found that children who move back in with their parents have notably higher depressive symptoms, and a 2022 report showed that such living situations could cause familial tension.
[1] [2] It primarily describes people living in developed countries, but it is also experienced by young adults in wealthy urban families in the Global South. [3] The term describes young adults who do not have children, do not live in their own homes, and/or do not have sufficient income to become fully independent.
Read more: Retire richer — why people who work with a financial advisor retire with an extra $1.3 million If you feel uncomfortable Orman understands that many parents will feel uncomfortable ...
Family relationships tend to be some of the most enduring bonds created within one's lifetime. As adults age, their children often feel a sense of filial obligation, in which they feel obligated to care for their parents. Adult children can often be informal caregivers to their parents as they help them with personal needs, chores, and finances ...
Other adult children are more comfortable with their parent's choice to live solo and respect their need for autonomy — as long as the single person is still highly functioning. Lorraine Ray ...