The Rise Of The 'Boomerang Kid:' One-Third Of Young Adults Move Back In With Their Parents Following Economic Shocks

Approximately one-third of U.S. adults aged 18 to 34 live with their parents, according to U.S. Census Bureau data. Researchers link the increase of boomerang kids to young adults facing economic challenges, challenging media stereotypes about the generation's lifestyle choices. Economic shocks, such as the 2008 financial crisis and the pandemic, have exacerbated financial instability for young adults, making it harder for them to leave their parents’ homes. Analysts warn that this shift may suppress consumer spending and slow economic growth.