Millennials are often referred to as the “boomerang generation,” due to the number of young adults who are moving back home with their parents. The phenomenon of young adults living at home, who are not on track or making progress on the road to independence, is often referred to as “failure to launch.” While failure to launch is not an accurate diagnostic category, the symptoms can be very real. Oftentimes, Millennials are blamed for being lazy or entitled; however, there are several factors contributing to this phenomenon, including the poor economy that makes it difficult for these young adults to find jobs. Nevertheless, parents or guardians who are continuously bailing their children out (financially or otherwise) are not helping to empower their adult children, and may actually be hindering their transition to adulthood.
This new Pure Life infographic, Millennials: The Boomerang Generation, takes a look at some of the surprising statistics about the issues today’s young adults face.
- Did you know the fraction of young adults living back at home has risen 15 percent since 2005?
- Did you know 4 out of 10 young people 18 to 22 are unemployed?
- Did you know young adults who are unemployed are more likely to live at home?
