11/25/2009 - Yesterday, the Pew Research Center released a really interesting study which found that young adults in the U.S. are responding to the recession by moving in with their parents or other roommates. This might be a predictable behavior, but it's always useful to see actual data support theory. And the findings are pretty strong.
First: "A recent survey by the Pew Research Center finds that 13% of parents with grown children say one of their adult sons or daughters has moved back home in the past year. Social scientists call them "boomerangers"—young adults who move in with parents after living away from home. This recession has produced a bumper crop."
One way to lower your costs is to eliminate your housing expense. And many parents are more than eager to have their 20-somethings move back home for a while until they get on their feet. But...the phenomenon extends further beyond just mom and dad.
Read the full article Young Adults Moving In With Parents, Roommates on the Atlantic's Web site.