Even though the news may be promoting economic recovery, a recent UCLA study showing that middle aged parents aged 50 to 64 are moving back into their elderly parents home with kids in tow for financial reasons – may support a competing meme that shows our current financial state isn’t so rosy. To further add to the less-than-optimistic picture, we earlier published a post that almost a third of young adults 24 to 35 years old are also returning to live in childhood bedrooms, due to financial concerns. Along with increasing student debt, which we previously discussed and the rise in college tuition that we highlighted in various posts in the last year, financial pressures may be growing for average families, not lessening.
Study source: the Los Angeles Times
