Recession Crowds Nest

Thanks to the Great Recession, the nest is getting crowded. The Pew Research Center reports that 13 percent of adults with grown children have had a child move back home in the past year. The figure reaches a stunningly high 19 percent among 45-to-54-year-olds.

The Census Bureau's 2009 data on American families, released today, confirms the survey results. The number of adults who live with their parents grew from 22 to 24 million between 2000 and 2009. The increase has been particularly sharp among 25-to-29-year-olds. Seventeen percent of these young adults now live with mom and dad. The number who live at home climbed by 39 percent--an increase of 1 million--between 2000 and 2009.

Source: Census Bureau, Families and Living Arrangements