Excerpt
Boomerang Kids: How to Protect Your Retirement Plans When an Adult Child Moves Back Home
Adult children moving home after a job loss, divorce or other financial setback is an increasingly common trend. So-called boomerang kids are moving back in with parents at a record pace, up more than 5 percent between 2008 and 2010, according to a recent report by the U.S. Census Bureau. One obvious cause is the weak job market that makes it harder for college graduates and inexperienced young workers to find well-paying positions.
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