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Tough economic times, the rising cost of tuition, skyrocketing student loan debt, and the high unemployment (and under-employment) rate for college graduates has created a generation of “boomerang kids” – young adults who hold college or even graduate degrees and have moved back in with their parents.
According to a New York Times Magazine article by Adam Davidson, “One in five people in their 20s and early 30s is currently living with his or her parents. And 60 percent of all young adults receive financial support from them.”
