Nearly half of kids age 25 to 34 living at home paid rent to their parents, according to a new Pew Research Center report. And 89% helped with household expenses, such as groceries or utilities.
And only a scant 8% say they regularly receive money or financial assistance from their family, though those enrolled in school are more dependent on mom and dad.
The Great Recession has hit the younger generation particularly hard with many finding it tough to find jobs. Some 21.6% adults were living with their parents in 2010, a figure that's increased sharply since the economic downturn began in 2007.
Having to live at home hasn't dampened the spirits of many of these boomerang kids. More than three-quarters say they're satisfied with their living arrangements and are upbeat about their future finances.
But that doesn't mean they're living the high life. Nearly 8 in 10 say they don't have enough money to live the life they want, compared with 55% of their peers who don't live at home.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.31%||4.32%|
|15 yr fixed||3.74%||3.65%|
|30 yr refi||4.29%||4.29%|
|15 yr refi||3.71%||3.62%|
Today's featured rates:
|Latest Report||Next Update|
|Home prices||Aug 28|
|Consumer confidence||Aug 28|
|Manufacturing (ISM)||Sept 4|
|Inflation (CPI)||Sept 14|
|Retail sales||Sept 14|
|Why Thomas Friedman issued a 'code red' warning to America|
|AT&T names first three cities to get its ultra-fast 5G network|
|Newsweek publishes critical piece on company after staffers threaten to resign|
|'Black Panther: The Album' is a hit — and it could change the music industry|
|Should I follow Warren Buffett's 90/10 investing strategy?|