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Boomerang generation or boomerangers

Last Updated March 21, 2009

Definition

Term used to refer to children who return home to live with their parents, usually as a temporary measure to allow them to continue their education , increase their savings  or simply because they are not ready ( financially or otherwise) to live on their own.

Referring Cite

N/A (Sl)

Additional Helpful Information

From a retirement planning perspective, boomerangers  have a negative impact on their parents' retirement nest egg, as amounts that could be diverted to their nest-egg have to be used to provide necessities for the boomerangers.