Goodbye jobs, hello mom and dad, say young adults

[Liberal_in_LA]

Goodbye jobs, hello mom and dad, say young adults

WASHINGTON (AP) — Faced with limited job options, many young adults are turning to an old standby to weather the recession: moving back in with mom and dad.

Nearly 1 in 7 parents with grown children say they had a "boomerang kid" move back home in the past year, according to a study being released Tuesday by the Pew Research Center. In a turnabout in the rite of passage in which a college graduate finds a job and an apartment, many are returning to their parents' empty nests because of tight finances or as they pursue an advanced degree.

"The journey home for Thanksgiving won't be quite so far this year for many adults," said researchers Wendy Wang and Rich Morin, who wrote the report. "Instead of traveling across country or across town, many grown sons or daughters will be coming to dinner from their old bedroom down the hall."

Pew's survey and analysis of government data found that the share of adults 18 to 29 who lived alone declined from 7.9% in 2007 to 7.3% this year. Drops of that magnitude were also seen during or immediately after the recessions of 1982 and 2001.

http://www.usatoday.com/news/nation/2009-11-24-boomerang-kids_N.htm?csp=24&RM_Exclude=Juno

[Art_from_Ark]

1. Ah, shades of 1982-83

when the last Great Depression, er, recession, forced the necessity of becoming a "boomerang kid"