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Boomerang Generation

As my friends and I get older, many of us have found ourselves in a situation that has our adult children moving back in with us.  I know this isn’t something that we all have happening to us. However, many of us have friends that either have their children move back in or we have friends that are moving back in with their parents.

Boomerang Generation

If there’s supposed to be a stigma attached to living with mom and dad through one’s late twenties or early thirties, today’s “boomerang generation” didn’t get that memo.

One reason young adults who are living with their parents may be relatively upbeat about their situation is that this has become such a widespread phenomenon. Among adults ages 25 to 34, 61% say they have friends or family members who have moved back in with their parents over the past few years.

A Pew Research analysis of Census Bureau data shows that the share of Americans living in multi-generational family households is the highest it has been since the 1950s.

Census data shows that during the recession years (2007-2009) the share of Americans living in multi-generational households increased more among adults ages 25 to 34 than among any other age group.

A 2015 survey found that almost 40 percent of young Americans are living with parents, siblings or other relatives, the highest percentage in 75 years.

Some parents expect and welcome the post-college sojourn for up to a year while the new grad finds a job and saves money to move out. The problems occur when a young adult refuses to leave or returns home with no game plan.

Make a Plan

What can parents do in these situations?  Kim Abraham, a therapist in Grand Blanc, Mich., and coauthor of The Whipped Parent suggests:

  • Don’t share the wealth. Many parents worked hard to earn a comfortable life, and their children expect them to share it. “When you hand them those comforts you’re cheating them out of gaining self-confidence and pride when they achieve those things by working hard themselves.”
  • Lose the guilt. We sometimes are held hostage by anger, disappointment or fear of what will happen if we don’t bail them out. “Children are very good at pushing those buttons to make us feel responsible for their happiness and emotional well-being.”
  • No excuses. The adult children may claim their boss doesn’t like them or they’re not happy with their work and want to jump ship. They don’t need to come home to do that. They can find a new job while continuing to work or go to school part time to get new skills.
  • Make a plan. Adult children will claim they need to stay for only a short time while they save for a down payment or get back on their feet. “They usually come in with a goal. Then they get in the door and are not saving any money” or making any changes. Stop this by demanding a written plan with goals and deadlines.
  • Threaten eviction. Draw up a contract with specific terms. “This is an agreement between two adults. Don’t think of her as your child; picture her as a tenant.” Set a move-out deadline and no matter what happens remind them 60 days out, and then 30 days out, that you are holding firm.
  • List expectations. Make them contribute by paying rent or helping around the house and yard. Be specific about expected responsibilities. List your rules, from what time the front door is locked to no food in the bedroom. Be clear about your limits on babysitting if grandchildren move in.
  • Resist rescuing. “It’s unlikely that your child will end up homeless. Their survival mode will kick in and they will find a way. Remind them that you know the world is a scary place but that you have confidence in their ability to stand on their own feet.”

 

Jim Schoneman
Brough Realty

801-414-5586

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