Business

Live chat: Moving in with your parents at age 50

It's not just 20-somethings who are moving in with their parents.

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

The surge reflects the grim economic reality that has taken hold in the aftermath of the Great Recession, as middle-age people struggle with issues such as extended unemployment.

Live chat: Join us here at 11 a.m.

Join us for a live video chat at 11 a.m. PDT to discuss this dynamic. Business reporter Walter Hamilton, who wrote about this trend, will be joined by Debbie Rohr, a woman who has been forced by economic necessity to move back in with her mother.

For seven years through 2012, the number of Californians age 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.

ALSO:

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

Number of stay-at-home mothers in the U.S. is on the rise, study says

A record number of well-educated women in the U.S. are 'marrying down'

Copyright © 2014, Los Angeles Times
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