Boomerang kids moving back home with parents

The San Francisco Chronicle reports:

The U.S. Census Bureau says that from 2007, just before the recession hit, to 2010, a year after the recession officially ended, the number of adults ages 25 to 34 living with their parents shot up 26 percent, from 4.7 million to 5.9 million.

Unemployment for adults younger than 24 is double the national mark of 9.1 percent. According to a Purdue University study, more than two-thirds of parents are giving their grown children financial assistance, double the rate of 20 years ago.

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