Here in America, there is a relatively new movement called Boomerang Kids, where young adults leave home for work or school and then return to live with their parents. This is a real departure from the cultural norms of even ten years ago, and so I’m fascinated by the change back toward multi-generational households.
A quick google search will reveal many articles on the topic, but here is a link to a Pew report published last month that give a great overview of the trend as well as some really interesting statistics: http://www.pewsocialtrends.org/files/2012/03/PewSocialTrends-2012-BoomerangGeneration.pdf
So, I’m curious to know what you all think about:
- The long term effects of young adults delaying their move out of their parents homes. What does this mean for the adult children and for the parents?
- The reasons why this is happening? Is it only a function of the current economy or is there something more at play? Will this trend continue?
- How this is similar or different to other cultures/countries represented in the class
- How this movement is affecting the economy (ie. fewer households, discretionary income, debt, etc)?
Looking forward to hearing all of your perspectives and insights!