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-- goal for many parents to raise their children and see them graduating get a good job but in recent years more -- kids a record.
Of nearly 50% of all college grads are moving back in with their parents after college.
This new trend called boomerang -- is creating some ripples in the family dynamic joining us now is Nicholas.
Credit cut -- as you may author of the book no more -- and the twenty -- real world survival guide Nicklaus thanks for joining us.
Things that -- Jennifer.
First of all in the interests of full disclosure I have to admit I moved back in with my parents when I moved back to the states.
Two years ago and lived for nine months with my entire family so I am a how my mom was a victim of this.
Tell me what is boomerang.
Well boomerang is is a recent phenomenon where young adults.
Balance between living on their own going off to college going off things and establishing relationships.
And then bouncing back home it's the most often common when people graduate college and they're burdened with.
Increased debt that they never had to assume on their own as they take on their first jobs.
So they're really not getting a chance to have any sort of empty nest syndrome these days most parents.
No especially in this economic climate is more burden on families with absorbing.
Adult children after graduation.
Do you think some.
The Generation Y.
that you're referring to that are coming out of college.
Their expectations are so high they want the lifestyle that their parents had but they want it right away and they are willing to sort of -- -- anymore.
Well that's why many of them boomerang back home is because they.
Become accustomed to instant gratification -- their parents have established.
A a luxurious lifestyle for them and they realize when they go out on their own that everything has an associated costs.
And they can't afford to maintain that same lifestyle -- live back with mom and pop so -- Run back home after graduation they get their first job they save a little bit of money.
And -- trying to find their way in the workplace before they can go out and enjoy the luxuries that they enjoy from their their family lives on their own.
So what impact is that having on the family's.
Well it's it's very -- phenomenon right now with this economic climate.
It's it's putting more burden on parents who have recognize some financial strife of their own seeing.
Accounts you Rhode over the past twelve to eighteen months.
So I think it's it's putting burden on these adult children coming back home that they have to make contributions around the house they can't just sit around.
And bide their time they have to go out get jobs.
They have to have certain guidelines and rules to follow.
Within the home so I think it's really a partnership now between now parents and their adult children move back home.
Thank you very much necklace artifice.
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