Saturday, January 09, 2010

Boomerang effect: Young adults move back home to save money

According to a recent Pew Research Center study, one in 10 adults between the ages of 18 and 34 said the poor economy has forced them to move back in with mom and dad, according to Pew. In addition to those who have moved home, another 12 percent scurried to find a roommate to scale down living expenses.

Young adults are altering their behavior in other ways too. About 15 percent of adults younger than 35 say they have postponed getting married because of the recession, according to Pew.

Not only can they not afford a big wedding, but they don't have the money to buy a house or take care of a child, the study said. Fourteen percent of young adults say they have put off having a baby.

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