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85% of US college graduates move back in with parents after graduation, known as “boomerangers.” Italy has 60% of 18-34 year olds living with parents, UK has 7 million adults living with parents, and Canada parents provide $4,000 USD annually to adult children.
About 85% of US college graduates move back in with their parents after graduation. Known as “boomerangers,” most college graduates expect to stay just for the summer, but many end up living with their parents for a year or more until they can get a job. The number of boomerangs in the United States increased significantly in the mid to late 2000s, mainly due to higher unemployment and a tougher economy.
More stats on adult children:
Italy is also experiencing an increase in big babies, children who live with their parents. More than 60 percent of Italians aged between 18 and 34 live at home with their parents.
In the UK, boomerangers are known as KIPPERS – the kids in their parents’ pockets eating into retirement savings. Nearly 7 million people over 18 in the UK still live with their parents. Fewer than half of them pay any rent of any kind, and many receive an allowance.
In Canada, parents provide an average of about $4,000 US Dollars (USD) annually to their adult children.
