1.7 million boomerang kids in the UK

A report published in the UK by housing charity Shelter shows that 1.7 million people aged 20 to 40 are living with their parents because they can’t afford their own home. What’s worse is that 40% of the parents in these homes think their children will never — ever — be able to afford their own home.

Parents are taking a financial hit, too. Forty percent are buying their kids’ groceries, and 20% say they have less money to spend on themselves.