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EN
Moving back in with parents may be bad for your wallet
['Robert Polner-Nyu']
Futurity
University New York UniversityA new study finds “boomerang” moves by people in their mid- to late-20s can be economically problematic.
When young adults boomerang—that is, move back in with their parents after living independently—it’s often done to save on rent, child care, or other major expenses.
An increase in boomeranging is, in fact, an indicator of the economic realities facing young adults.
And that’s especially true for the many young adults whose parents are of modest means and reside in low-income areas.
Here, Chan digs into the implications of the growing share of young adults on the move back to familiar surroundings:
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