Moving Back in with Parents Becomes More Common for the Middle-Aged

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Moving in with parents becomes more common for the middle-aged

The number of Californians 50 to 64 who live in their parents’ homes has surged in recent years, reflecting the grim economic aftermath of the Great Recession.

Debbie Rohr lives with her husband and twin teenage sons in a well-tended three-bedroom home in Salinas.

The ranch-style house has a spacious kitchen that looks out on a yard filled with rosebushes. It’s a modest but comfortable house, the type that Rohr, 52, pictured for herself at this stage of life.

She just never imagined that it would be her childhood home, a return to a bedroom where she once hung posters of Olivia Newton-John and curled up with her beloved Mrs. Beasley doll.

Driven by economic necessity — Rohr has been chronically unemployed and her husband lost his job last year — she moved her family back home with her 77-year-old mother.

At a time when the still sluggish economy has sent a flood of jobless young adults back home, older people are quietly moving in with their parents at twice the rate of their younger counterparts.

For seven years through 2012, the number of Californians aged 50 to 64 who live in their parents’ homes swelled 67.6% to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development.

The jump is almost exclusively the result of financial hardship caused by the recession rather than for other reasons, such as the need to care for aging parents, said Steven P. Wallace, a UCLA professor of public health who crunched the data.

“The numbers are pretty amazing,” Wallace said. “It’s an age group that you normally think of as pretty financially stable. They’re mid-career. They may be thinking ahead toward retirement. They’ve got a nest egg going. And then all of a sudden you see this huge push back into their parents’ homes.”

http://www.latimes.com/business/la-fi-adults-in-parents-home-20140421,0,2293806.story#ixzz2zeUVw1mq

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Comments
One Response to “Moving Back in with Parents Becomes More Common for the Middle-Aged”
  1. concerned21 says:

    There is a difference for people that move in with their parents because they can’t make monthly payments and they are gonna lose their home. We paid off our home of 25 years and it was illegally foreclosed and the JUDGE was UNETHICAL. Now you have a family that never missed a payment and paid extra toward the principal and paid it off ahead of time and we found our selves in a situation with an UNETHICAL Judge. PLEASE tell me how to make it better?

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