Monday, September 8, 2008

And they say you can't go home...

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.


Mo Morrissey said...

Maybe that's why my parents each went out and got 1 bedroom places the fall i went off to college?

Jennifer Chronicles ( said...

Meanwhile, GenX has their parents moving in with THEM!