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 "<strong>multigenerational</strong>" 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 "<strong><a href="http://www.aarp.org/relationships/parenting/info-10-2010/adult_children_move_back_home_tips.html">boomerang children</a></strong>" are mostly moving back in with mom and dad (or grandma and grandpa) because of unemployment and economic hardship. In fact, the<strong> recession</strong> reduced the rate at which Americans set up <strong>new households</strong> by at least half.