Economic Pressures Drive Young Adults to Return Home, Impacting Family Finances
According to Thrivent's fifth annual Boomerang Kids Survey, a significant number of young adults in the U.S. are moving back in with their parents due to economic pressures. The survey, conducted by Ipsos, reveals that nearly half of U.S. parents with adult children aged 18-35 have had a child return home. This trend, which has persisted since 2025, is largely driven by financial necessity, with 55% of young adults citing economic reasons for their return. Factors such as unaffordable housing and job loss are major contributors. The survey also highlights that 34% of young adults are using this time to save for a down payment on a home, while 78% believe they will achieve financial independence within the next five to ten years. However, this arrangement often impacts parents' financial goals, with many willing to cut personal spending or reduce savings to support their children. 
