Sadults Move Back Home
Welcome to the recession! The AP reports that in the midst of a "slumping economy and the credit crunch," adult children are moving back into their parents' homes. Except they're not all 25 — some are middle-aged?! Well, at least one: they interview a 52-year-old and a 27-year-old who have moved back home. A financial planner in California "has never seen older children, even those in their 50s, depending so much on their parents as in the last six months."
And parents are giving their kids money like never before, maybe even threatening their own retirement plans!
That's probably why life insurance company New York Life has an inadvertently hilarious set of instruction on their website on how to control those so-called "boomerang kids." ("Remember: it's still your house.")