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Boomerang

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Boomerang
An American slang term that refers to an adult who has moved back in with his or her parents (who are part of the baby boomer generation) instead of living independently.
    
Boomerang refers to an individual, who lived independently for a period, but later returned home due to the financial costs associated with maintaining a separate household.
    
While boomer parents may be pleased emotionally to have their boomerangs back in the household, boomerangs can often pose a significant financial burden on their parents. This can result in a reduction in retirement savings for the boomerang's parents, leaving them with the decision to either postpone their own retirement or have their children help out with the household expenses.
    
Other countries have adopted similar slang to represent this domestic phenomenon. In Italy, the term "mammon" or "mama's boys" is used, while the Japanese refer to them as "parasaito shinguru", or "parasite singles". In the U.K., children boomeranging back home has given raise to the acronym KIPPERS (or kids in parents' pockets eroding retirement savings).
Posted by  Information Management Network LLC., Opal Financial Group
 
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