Apparently, Millennials are not the only ones moving back in with mom and dad.A new trend on the horizon is Baby boomers moving back in with their parents (members of the "mature" of "G.I." generation - born before 1946). Apparently things like lay-offs and divorce (Baby boomers have more divorces than any generation in history) are forcing the former Yuppies back into their childhood bedrooms.
This is at a time when senior citzens are filing bankruptcy in record numbers.
Meanwhile, a study released last month by Fidelity investments found that Gen Xers say a workplace retirement plan (e.g. 401(k), 403(b)) is their No. 1 tool for savings outside of their banking account.
2 comments:
Maybe that's why my parents each went out and got 1 bedroom places the fall i went off to college?
Meanwhile, GenX has their parents moving in with THEM!
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