“Boomerang” Adult Children and Their Parents: How ‘Young Invincibles’ May Cost their Parents More than a Spare Bedroom

| October 25, 2013 | 0 Comments | Email This Post Email This Post


PARSIPPANY, N.J., — There are more “boomerang” adult children today than at any time in the last 50 years. During the recent recession, roughly 12 million young adults moved back home with their parents (at least temporarily).  Recent survey research indicates that approximately 29 percent of parents with adult children report that a child has moved in with them because of the economy.  And because of their age, many are ineligible for their parent’s health coverage through work and, therefore, are uninsured. 

The Affordable Care Act (ACA) has several surprising implications for these young adults – and their parents.  “Because of the complexity of these rules, these young adults and their parents are understandably confused,” said Brian Haile, senior vice president for Health Care Policy at Jackson Hewitt and co-author of the report.  “Boomerang adult children may be relatively less likely to have insurance and need of ACA assistance – so we lay out the key issues and provide an explanation for them and their families.  Particularly given the federal focus on enrolling young, healthy individuals (or ‘young invincibles’), these issues may merit special attention from federal policymakers.”

Also check out a comprehensive article, called Kid’s Bedroom Decor Ideas: Let Your Imagination Run Wild which can give you some valuable insights.

You can check it out here: http://topreveal.com/fun-kids-room-ideas




Category: Articles, Retirement Planning, Senior Health