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'Where Were They When I Needed Help?' Broke Boomers Are Moving In With Their Adult Children – It's Called The 'Reverse Boomerang Effect,' And Millennials Are Not Happy About It

Lars, a college instructor, is at the forefront of an increasingly common trend: becoming the caregiver for her financially unprepared boomer parents. The narrative, unfolding through a series of candid TikTok videos, sheds light on the intricate dance between generational support and financial readiness. The video begins, "Hi, I'm Lars, and I am the only child of boomers who did not save for retirement." In the caption, she welcomes advice from anyone who has been in a similar si...
United States Jeannine Mancini Federal Reserve Pew Research Center Kim Lars Fox Business
Source: yahoo.com

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