Boomerang kids living with parents impact retirement savings
More young American adults are moving back in with their parents, reaching levels not seen since the Covid-19 lockdowns. This trend is straining parents' finances, with half of those supporting adult children reporting negative financial impacts and one in five willing to reduce retirement savings to accommodate these additional household expenses.
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'Boomerang' Kids Eat Into Expenses, Retirement Savings
More young American adults are moving back in with their parents, reaching levels not seen since the Covid-19 lockdowns. This trend is straining parents' finances, with half of those supporting adult children reporting negative financial impacts and one in five willing to reduce retirement savings to accommodate these additional household expenses.
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