November 24, 2009

Goodbye Jobs, Hello Mom and Dad, Say Young Adults
Movin' up? Nope, young adults moving back in with mom and dad
as job prospects dwindle

“Boomerang kids are a major trend, and they represent a shift in cultural norms,” said David Morrison, president and founder of Twentysomething Inc., a consulting and research firm. “Young adults are the first to feel the brunt of a bad economy and the last to feel the benefits of a recovering economy. So the first way you hedge your bets is to minimize your expenses”

Saying there is now less of a stigma in moving back home, Morrison predicted that the trend of boomerang kids may lessen somewhat but still continue after the economy recovers. That could create longer-term effects in social relationships, from multigenerational family tensions to delayed marriage, he said.

According to the latest Pew survey and census data:

Pew based its findings on data from the Bureau of Labor Statistics and the Census Bureau. It also interviewed 1,028 people ages 18 and older by cell phone or landline from Oct. 21-25. The poll has a margin of error of plus or minus 3.9 percentage points.

Copy as reported by ABC News
Sourced from Associated Press and featured in over 350 publications and websites around the world including: The Wall Street Journal, The Daily Telegraph (United Kingdom), The New York Times and Christian Science Monitor.

* * *

Return to Homepage

©
2009 ABC News