As incomes fail to keep up with the rising cost of living, more young people are "boomeranging" -- a.k.a. returning home to live with their parents.
In 2010, more than half of 18- to 24-year-olds still lived with their parents. While the rates are much lower for the slightly older 25 to 34 age group, those too have risen.
"Often they don't have a job, so they can't pay the rent on their own," said Tamara Draut, co-author of
The State of Young America report, which surveyed more than 800 young people. "That, and mountains of student loan debt, often make it a really smart decision to live rent free for a while before striking out on their own."
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