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Mostly wealthy 'boomerang kids' moved back home during the pandemic, and it's intensifying the wealth gap

5 days ago   |   By Business Insider

More than half of young adults moved back home with their parents at the height of the pandemic. Cavan Images/Getty Images
Most "boomerang kids" who moved back home during the pandemic are from high-income families, a new report found .
They're more likely to stay unemployed longer and less likely to work jobs on the coronavirus frontline.
It's intensifying the growing inequality gap and the labor shortage.
The pandemic evoked deja vu for many young adults: they were back living in their childhood bedrooms. But it turns out that such a refuge can be a good economic cushion. More than half...
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