“Boomerang” Generation and the Recession

Parents are starting to feel a greater pinch as more and more college graduates join the “boomerang” generation . The recession, along with the natural inflation that comes with tuition and rent, are squeezing college students and post-grads, sending them back home to mom and dad. An email I received from IBISWorld highlights this growing reality:
“We can expect to see a surge in the boomerang generation
[ages 18-24]
returning home and continuing financial dependency on parents due to a scarce and competitive job market,” said Toon van Beeck, senior analyst at IBISWorld. “This phenomenon has become more apparent in recent years, …read more