At some point in your life, you have likely heard the phrase, “You can’t go home again.” However, as popular as the saying may be, it’s entirely wrong: Millions of young adults are moving back home to live with their parents, sometimes with children of their own.
According to a 2011 Pew Research Center Report, the country is now experiencing “the largest increase in the number of Americans living in multi-generational households in modern history.” More than 10% of all households (11.9 million) include members of multiple generations, the majority of which were an adult child living with a parent. The number of children returning home has become so commonplace that they have earned the appellations “baby gloomers” and “boomerangs.” One of every four young adults between the ages of 18 and 24 indicated that they had returned to live in their parents’ house after being independent; one in five of those between the ages of 25 and 34 reported the same.
Parents share a universal hope that their children will live happily ever after, with minimal worries and the ability to be successful as adults. Every parent tries to give their child a strong moral foundation, as well as the necessary life skills to thrive and be independent.
Unfortunately, raising a child is akin to painting a picture stroke by stroke, in strange combinations of colors and hues, without knowing how the final image will appear when complete. We have our children for only a brief moment, and can only hope that our gifts to them will be sufficient to sustain, protect, and comfort them when we are gone.
Disappointment is part of life and affects everyone. Picnics are spoiled by rain, parents miss school events and birthdays due to late flights and business emergencies, friends can’t come over. Read my MoneyCrashers article to see how you can help your child cope with disappointment and failure to become a resilient adult. My 6 Tips will guide you in the emotional moments and help you teach your child important life skills.