Three in 10 young adults live with parents

Filed under: AM Roundup |

Young adults are moving back in with their parents in the highest numbers since 1950, according to the Christian Science Monitor.

The so-called ‘boomerang kids’ are unable to find jobs in a weak economy, and move back in with their parents to save money.

In 1980, some 11 percent of young adults lived in multigenerational households.  Today, some 29 percent of 25- to 34-year olds either never moved out of their parents’ home or say they returned home in recent years because of the economy, according to the Pew report.

Read more at the Christian Science Monitor.