The Boomerang Generation: More People In 20s Living At Home - FOX 29 News Philadelphia | WTXF-TV

The Boomerang Generation: More People In 20s Living At Home

Posted: Updated:

Forty percent of people between the ages of 20 and 29 are still living at home, a new study says. Many of them say they just can't afford to move out on their own.

This is earning the "millennials" a new nickname, "the boomerang generation."

Despite graduating from college, a lot of these young adults can't find work due to the dismal economy. Furthermore, many who are lucky enough to find work say that the cost of living is just too high.

"I graduated in May and I haven't found a job yet so I am just hanging out," said 23-year-old Laura Hebrick.

"I'm working full-time as machinist. It doesn't pay enough to move out; not nearly enough," 22-year-old J.C. Sawyer said.

This is a pretty stressful time for people in their 20s. A few days ago, a Gallup poll came out showing that most Americans believe that the best age for a woman to have a child is 25.

"Get a job, any job you can find; don't worry about the open one that's going to pay you what you think you are worth having just graduated college," advised financial analyst Steve Forbes.

Forbes says to focus on supporting yourself before thinking about supporting children.

And a lot of the people that the FOX station in New York interviewed agreed.

"You may have to live at home with the baby," remarked one.

"You can't really start a life unless you have enough financial stability to support your life and your child," said another.

  • Local NewsMore>>

  • Veteran Says He Escaped Attempted Armed Robber at Fast Food Drive-Thru

    Veteran Says He Escaped Attempted Armed Robber at Fast Food Drive-Thru

    Tuesday, July 22 2014 12:53 AM EDT2014-07-22 04:53:43 GMT
    All a 59-year-old Navy veteran wanted was a cheeseburger when he placed an order at the Burger King drive-thru on Tilton Road in Egg Harbor Township. Instead he got a brush with death on Sunday.
    All a 59-year-old Navy veteran wanted was a cheeseburger when he placed an order at the Burger King drive-thru on Tilton Road in Egg Harbor Township. Instead he got a brush with death on Sunday.
  • Police: Mother Left 6-week-Old Son In SUV

    Police: Mother Left 6-week-Old Son In SUV

    Tuesday, July 22 2014 12:40 AM EDT2014-07-22 04:40:41 GMT
    Philadelphia Police say a 35-year-old mother left her 6-week-old son inside her SUV at the Walmart on Franklin Mills Boulevard.
    Philadelphia Police say a 35-year-old mother left her 6-week-old son inside her SUV at the Walmart on Franklin Mills Boulevard.
  • Two Masked Men Steal Over $180,000 From Caesars Casino

    Two Masked Men Steal Over $180,000 From Caesars Casino

    Tuesday, July 22 2014 12:33 AM EDT2014-07-22 04:33:01 GMT
    Authorities say two men stole $181,200.00 from Caesars Casino in Atlantic City early Monday morning.
    Authorities say two men stole $181,200.00 from Caesars Casino in Atlantic City early Monday morning.
Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices