Article preview: Did your adult children return to living at home during the pandemic? The phenomenon of ‘boomerang kids’ is well documented and carries with it some important financial planning considerations. New research from Barclays has found that adult children who boomeranged back home during the lockdown resulted in higher costs for parents. The research found that these boomerang kids totted up an average bill for parents of £2,702.28 in additional household costs.
Boomerang kids costing parents money
This 762-word blog post looks at new research from Barclays which calculates the cost of adult children returning home during the pandemic, and includes some tips for talking to your children about money. Written on 19th August 2020.
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