Mostly wealthy 'boomerang kids' moved back home during the pandemic, and it's intensifying the wealth gap
found that the majority of these"boomerang kids," which comprises the oldest Gen Zers and youngest millennials, are from high-income families that can help them"better weather economic shocks."
This distribution indicates that families were able to potentially provide"financial insurance" to their young adult children, the report stated:"High-income households were likely more able to support an additional person living in the home compared to lower-income families because of both additional costs of adding a person and the space constraints of residences themselves.
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