Another new acronym has been coined to describe adult children living at home: yuckies. It stands for Young Unwitting Costly Kid.
The interesting thing is that so many of the adult children who still rely on their parents for financial support really are unwitting about the amount of financial pressure it can put on parents to support their children well beyond childhood. If your adult children are thinking about moving home — or are already there — make sure you talk to them honestly about any concerns you have about your own financial well-being, whether it’s major, like concerns about being able to pay the larger grocery or heating bills, or whether it’s a simple thing — like you’d been planning a vacation that you can no longer afford to take. A family budget can be a good way to get a clear picture of your boomerang kid’s impact on your household finances.