Approximately one-third of U.S. adults aged 18 to 34 live with their parents, according to U.S. Census Bureau data. Researchers link the increase of boomerang kids to young adults facing economic challenges, challenging media stereotypes about the generation's lifestyle choices. Economic shocks, such as the 2008 financial crisis and the pandemic, have exacerbated financial instability for young adults, making it harder for them to leave their parents’ homes. Analysts warn that this shift may suppress consumer spending and slow economic growth.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Approximately one-third of U.S. adults aged 18 to 34 live with their parents,
00:07according to U.S. Census Bureau data. Researchers link the increase of boomerang kids to young
00:12adults facing economic challenges and challenging media stereotypes about the generation's lifestyle
00:17choices. Economic shocks such as the 2008 financial crisis and the pandemic have exaggerated financial
00:24instability for young adults, making it harder for them to leave their parents' homes. Analysts
00:29warn that this shift may suppress consumer spending and slow economic growth. For all
00:33things money, visit Benzinga.com slash GSTV.