Moving Back Home? Use This Time to Take Control of Your Finances.

The percentage of boomerang kids (young adults who have moved back in with their parents) has risen in recent years — for various reasons. Among them are student debt, housing costs, the uncertainty driven by the pandemic and the war in Ukraine, both of which have contributed to U.S. inflation hitting a 40-year high. According to a recent analysis by the Pew Research Center in 2020, over 50% of young adults (defined as 18-to-29-year olds) in the U.S. lived with at least one parent. That percentage has not been matched since the Great Depression.