Guess Who's Coming To Dinner ... And Moving In?

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In tough economic times, one might expect to see an uptick of "Boomerang Kids" -- that is, young adults who move back in with mom and dad.

Well, according to new Census Bureau data, the reverse is happening.

Here's more, via USA Today:

The number of parents, siblings and other relatives who live with adult heads of households grew 42% from 2000 to 2007, according to data released today by the U.S. Census Bureau.

Leading the way: parents, up 67%, to 3.6 million.

The figures suggest it isn't only elderly parents moving in. The number of parents under 65 in these households increased by 75%, and those 65 and older were up 62%. Both groups outpaced the rise in the number of people in family households overall, which is up 6% since 2000.

... A host of factors -- among them higher housing costs and the USA's struggling economy -- are prompting families to combine expenses. Also, intergenerational households are more common among the country's growing number of immigrants.

Is this happening among your friends and family?

Geoffrey Bennett

Tags: economy

12:06 PM ET | 09-23-2008 | permalink

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