Mediate Michigan

Forget the empty nest — many baby boomers are finding themselves nearing retirement with a very full house. In a troubled economy and difficult job market, more and more young adults are turning to their parents for help and housing.

“The AARP calls them the ‘boomerang generation,’ the ones that leave home and then come back,” says Phyllis Hill Slater of the AARP New York Executive Council.

Even if they do not physically return to the nest, National Endowment for Financial Education CEO Ted Beck says they are likely to turn to the “bank of mom and dad” to make ends meet.

via Grown Children Should Not Eat Up “Sandwich Generation” Savings – NY1.com.