Author Archives: Christina Newberry

40% of non-student adults 18-39 living (or recently lived) at home

Various agencies and surveys tend to present the numbers differently, but they all convey the same message: More and more adult children are living at home. This is one statistic I find especially significant: According to a poll for the National Endowment for Financial Education conducted by Harris Interactive, 40% of American adults aged 18 – 39 either live at home or have done so in the recent past. That’s a shocking figure, partly because it goes all the way up to age 39, and partly because it specifically excludes students.

The same survey finds that adult children are having a financial impact on their parents, which is no surprise. What’s scary is that 26% of the parents with adult children living at home have taken on debt to support their kids, and 7% have delayed retirement.

Watch Generation Boomerang online

If you missed Generation Boomerang last night on CBC, you can watch it online at http://www.cbc.ca/video/#/Shows/Doc_Zone/1242299559/ID=2166409510.

You can also read the transcript of an interesting live chat with the producers of the documentary from earlier this morning at http://opinion.financialpost.com/2011/11/09/generation-boomerang-join-our-live-chat-friday/

Some good insight and interesting things for parents to think about!

Generation Boomerang airs tonight on CBC

If you have adult children living at home and you’re living in Canada, you’ll want to check out Generation Boomerang tonight at 9 p.m. on CBC’s Doc Zone. You can find loads of information about the program at http://www.cbc.ca/doczone/episode/generation-boomerang.html

I spent a day talking with filmmakers Sharon Bartlett and Maria LeRose  of DreamFilm Productions about this increasing trend, and you can see parts of our discussion in the documentary. Here are some images from my day filming with the DreamFilm crew:


adult children living at home documentary filming
adult children living at home documentary filming
adult children living at home documentary filming


Adult children living at home after their parents are retired

A new report from TD Canada Trust shows that adult children living at home may be interfering with their parents’ retirement plans — because those adult children will still be living with Mom and Dad after the parents have retired.

The TD Canada Trust Boomer Buyers Report shows that 17% of baby boomers who plan to downsize are delaying selling the family home because they still have adult children living at home. Of those, 12% say they will likely still have adult children living with them after they have retired.

These numbers illustrate one of the important points I try to make when talking about why adult children should always make a financial contribution to the household, and why it’s important to create a family budget. While it may seem like it’s “free” for parents to let their children live at home, it simply is not. In this case, parents who would otherwise be lowering their living expenses and freeing up equity from the family home are delaying doing so in order to house their adult children. This is a real, and significant, cost.

This report also raises an important question: Does it make sense for boomers who have retired and are living on pensions or retirement savings to continue to support their adult children, who are in their prime earning years?

New York TV news organization looking for a family with boomerang kids

A New York-based TV news organization is looking for a family with college grads who have moved back home. They’d like to speak on camera to both the parents and the grad(s) about their experiences living in this new situation. If you’re willing to be interviewed on camera for a major TV news program, please send me an e-mail at christina@adultchildrenlivingathome.com and I’ll put you in touch with the producer.

Trailer: Generation Boomerang

Dreamfilm Productions, a Canadian production company, has made a documentary about adult children living at home. It airs November 10 on CBC’s Doc Zone. You can see me in the trailer, and in the documentary, talking about why this is becoming a more common trend, and what it means for the families involved. Click the image to watch the trailer.


Generation Boomerang


"Boomerang child" now in Merriam-Webster

The boomerang child phenomenon has become so commonplace (and the term so commonly used) that “boomerang child” has made it into the latest edition of the Merriam-Webster Collegiate Dictionary. Here’s their definition: “a young adult who returns to live at his or her family home especially for financial reasons.” According to Merriam-Webster, the term was first used in 1988.

The Urban Dictionary, Investopedia, and Wikipedia have definitions of boomerang children, boomerang, and the boomerang generation, respectively, but I believe this is the first time the term has made it into a “serious,” print-based dictionary. It looks like both the trend, and the term, are here to stay.

Boomerang generation = Entitlement generation?

Margaret Wente, a columnist for the Globe and Mail, a national newspaper in Canada, today published an opinion piece about the “entitlement generation,” and how their expectations for life are rather out of whack with the realities of today’s economy, and today’s world. Among her points? A recent survey showed that new university graduates expected an average starting salary of $53,000 per year. The realities of the job market, of course, will not bear these expectations out. The question is, will these young people accept jobs they think are below them, or hold out for a job they feel is worthy? And if they do accept what they feel to be sub-par jobs, will they approach them with the openness, willingness to learn, and positive attitude needed to advance in a company, and in a career?

With these questions having no obvious answer, it’s not surprising that so many young people are now living with — and financially relying upon — their parents. Wente argues parents are to blame for the lack of ambition and reality-consciousness of their children, having told them since birth that they were successful always, even when they weren’t. It may seem unfair to let reality in to the parent-child relationship at this stage, but it truly is better late than never. If boomerang kids feel entitled to live at home until the perfect, $50K+ job comes along, they will be at home for a very, very long time.

During my post-college stay with Mom and Dad, I worked for slightly more than minimum wage at a bookstore. It was a long way from the lofty career I’d pictured, but I was, after all, 21 years old with only retail and service job experience. The high-level career job offers were not pouring in. But, I did earn some money — enough to get out of the house after eight months — and I threw myself at every opportunity that little job offered. I started a community book club. I asked to become the liaison with community newspaper ad reps, then started writing some of the copy for newspaper ads. I launched a very basic store website. I never made more than $9 an hour, but I left that job with real, relevant experience to convert into a first “Real Job,” which turned into a career. That member of the “entitlement generation” living in your basement needs to take a similar approach. And, even if you’ve coddled them all along, it’s up to you to help them see that no dream job offer is coming. To make it on their own, they’ve got to make their own opportunities. It starts by looking for a job, even if it’s not a career.

New UK stats: 3 million adult children living at home

Mintel, a leading market research company, has released a report jam-packed with interesting statistics about adult children living at home in the UK. The report itself is worth a read, and you can find it here.

Here are some of the highlights:

  • 27% of new university graduates will be living with their parents
  • 3 million adults are living with their parents in the UK
  • 196,000 adults over age 36 are living with their parents in the UK
  • 45% of parents say they have less money while their adult kids are living with them
  • 18% of parents say it’s more stressful with adult children living at home

What’s most interesting, though, is that while most adult children move home either because of financial uncertainty or the end of a relationship, some move home just because they want to be pampered!

According to Ina Mitskavets, Consumer and Lifestyles Analyst at Mintel:

“While millions of boomerang children return home because of financial reasons – our research reveals this is not a clear cut case, many return simply to experience TLC, home comforts or simply because they have had enough of rented accommodation – and stick around because of this.”

If your adult children are moving back home, it’s important to have conversations about expectations beforehand. if you’re expecting them to be reasonably independent while they’re moving home to soak up your tender loving care, resentment and bad feelings will be sure to follow.