The American Association of Retired Persons (AARP) reports the Pew Research Center says over 20 percent of adults 25-34 live in a multigenerational setting, the highest level since the 1950s. The so-called Boomerang Generation are moving in with relatives due to economic necessity. The Washington Post says the recession cut by half the number of new households set up. Approximately two million more homes are vacant than would have been if people had set up households at pre-recession rates. Fewer households affects the economy because fewer household goods and services are purchased. MHProNews.com has learned Pew Research discovered 29 percent of parents of adult children say an adult child of theirs has returned to the nest in the last few years.
(Photo credit: David Sacks/The Washington Post/Getty Images)