Don’t Let ‘Boomerang’ Kids Derail Retirement Plans

Many adult children are once again living at home, a trend that has been amplified by the pandemic, soaring inflation, and out-of-control rents. But allowing “boomerang kids” to rely on the bank of mom and dad can be a surefire way to derail the parents’ retirement. 

A notable 40% of parents polled in late April and early May said they have an adult child living with them, according to the 2022 Thrivent Boomerang Kids Survey. That’s down from the 52% Pew Research cited in a different analysis from  July 2020, yet it’s still…

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