A Millennial’s Musings on Returning to the Nest

I’m 32 and I live in my mom’s basement. (For now!) Let me explain: I recently completed a master’s degree program, the second year of which was in Thailand. Before I left, I packed two suitcases and a backpack, and locked the rest of my two-bedroom apartment in storage. That’s what I have now at my mom’s — two big bags and a backpack — as I search for a job and plot my next move. Oh, and I should mention …

Multigenerational Living: On the Rise

Editor’s note: This post is modified from Amy Goyer’s article, Multigenerational Living Is Rising, and May Be to Everyone’s Benefit in the September/October 2011 issue of the American Society on Aging’s Aging Today magazine. Laura and Paul Patyk, both in their mid-40s, have a full house. With six children, any home would be a bit crowded. But in 2003, the Patyks invited Laura’s parents to live with them when her mother became ill with congestive heart failure and a stroke. A …

The Takeaway: ‘Boomerang’ Kids Aren’t Slackers, They Just Face New Route to Adulthood

For young adults, could moving back in with mom and dad be a good career move? That’s the argument from Washington Post writer Steven Mintz, who calls for an end to the idea that 20-somethings living with parents (the so-called “boomerang” kids, who fly from the next only to come crashing back in again) are only doing it for the free laundry.

The Takeaway: Rise Of Multigenerational Living Means Less New Households

According to the Pew Research Center, more than one-fifth of adults ages 25 to 34 live with their parents or in other “multigenerational” arrangements, the highest level since the 1950s. You’ve probably heard enough stories about this trend by now to know it doesn’t just reflect a renewed interest in family bonding; these “boomerang children” are mostly moving back in with mom and dad (or grandma and grandpa) because of unemployment and economic hardship. In fact, the recession reduced the rate at which Americans set up new households by at least half.