Metaphor of the Moment: Boomers Moving in with Parents
April 21, 2014
Out of the mouths of babes. Katie Pavlich, a millennial journalist writing for Townhall.com, points out the disturbing increase in the number of unemployed baby boomers moving in with their parents. These are not adults moving in to care for ailing parents, but rather the long-term unemployed or underemployed, those who do not show up in the official 6.7% unemployment rate. While many more millenials are living with parents, the rate of boomers moving back home has increased by 67% in the last five years, doubling the millennial rate.