According to the Federal Reserve Bank of Cleveland, most young adults who moved in with their parents during the pandemic come from high-income families.
"The pandemic's having unequal economic effects among young workers," says André Victor D. Luduvice, research economist at the Cleveland Fed and author of the report."[Boomerang kids] have some cushion to weather economic shock."The opportunity to move back home can often be a reflection of a family's financial stability, explains Luduvice.
To be sure, moving home with parents can come with emotional hurdles and not all young people who returned home are financially fortunate. According to the researchers, young adults who do not live with their parents were nearly twice as likely to work in a job that puts them at a high risk of exposure to the virus.
France Dernières Nouvelles, France Actualités
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