With homes in foreclosure and careers in limbo, more kids are moving back in with their parents.

But not recent college graduates: No, the new boomerang kids are moving back in with mom and dad after a couple decades on their own. According to the AARP, the number of multi-generational households has increased from 5 million in 2000 to 6.2 million in 2008 -- an increase of 24%.

The Today Show took a look at the issue, and one contributor suggested that the build-up in boomerangs could be a "win-win" for everyone, with families having a chance to get closer and pass on traditions. Somehow I doubt that most people in this situation are having that much fun.


Increase your money and finance knowledge from home

How to Buy a Car

How to get the best deal and buy a car with confidence.

View Course »

How Financial Planners go Grocery Shopping

Learn to shop smart and save.

View Course »

Add a Comment

*0 / 3000 Character Maximum