25% of young adults in CT have returned to live with their parents
They have been dubbed the “Boomerang Generation,” defined as young adults who returned to their parents’ house according to a survey of 3,500 by ISoldMyHouse.com. I have two questions for parents who are currently hosting a young adult son or daughter or both who have returned to your home. “Are you letting them have overnight guests?” And “What do you honestly think of their coming home? “
Other survey results from the ISoldMyHouse.com show that 31% of Connecticut parents say they are unhappy about their young adult children returning to their homes, and 15% say they have had to put their retirement on hold.
I know exactly how these parents feel because one of our grown children has been going back and forth in the past ten years. In our case, the last thing our son wants to do is live with mom and dad, even if he took out the trash every Tuesday.
1 in 3 parents who intended to downsize the family home are now unable to do so. However, more than one in five (22%) say they plan to step up a gear to accommodate them.
Here are the top five states with the highest percentage of adult children moving and the lowest rate.
STATES WITH THE HIGHEST PERCENTAGE OF BOOMRANGERS
- NEVADA – 67%
- NEW-YORK – 66%
- CALIFORNIA – 62%
- NEW MEXICO – 61%
- ILLINOIS – 56%
STATES WITH THE LOWEST PERCENTAGE OF BOOMRANGERS
- WISCONSIN – 15%
- NORTH DAKOTA – 16%
- MISSISSIPPI – 18%
- COLORADO – 21%
- MONTANA – 23%
There are many reasons why adult children choose to return to live with their parents. Over the past two decades, economic independence has steadily declined and fewer young adults are getting married. Another reason could be that a son or daughter is struggling with an addiction or mental illness. Other young adults who have full-time jobs ask to move just to save money.