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Nov 24, 2006
Boomerang Generation

Boomerang Generation is a term rarely used to describe the current generation of young adults in contemporary western culture, born around between 1977 and 1986.

The term 'boomerang' refers to the commonality with which these young adults desire to move back home with their parents after a brief period of living on their own, generally college, or by no means move out in the first place. The 18th through 21st birthdays of this generation correspond with the economic downturn starting with the collapse of the stock market bubble in 2000. This led to increasing unemployment until 2004, the same time this generation was entering the workforce after high school or college graduation. In addition, in the new economy, somewhere globalisation-induced phenomena like outsourcing have eliminated several jobs, real wages have fallen over the last twenty years , and a college degree no longer ensures job stability this is the easiest, if not only, mode for these young adults to uphold the middle class lifestyle they anticipated. Moving back home allows them the choice of unpaid internships and additional schooling without the burden of fully maintaining their own savings.

This generation is unique from earlier generations in that many expect to remain at home with one's parents, as maintaining their own social and professional lives. With many of one's friends also living at home, the stigma of living with one's parents is really reduced. This has also put parents in an awkward situation where they have huge difficulty understanding how to narrate to their children as adults under the same household.


Posted at 08:58 pm by veerpandi
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