Never leavers replace boomerang kids

Boomerang kids are being replaced by `never leavers’, with a high number of young adults never wanting to move out of their parents’ home.

One in five Gen-Yers living at home plan to stay with their parents indefinitely, but only 10 per cent of parents said they were welcome.meeting-the-parents

The research is found within the RaboDirect Financial Health Barometer, which surveyed more than 2000 Australians.

The longer Gen Ys stay at home the less likely they are to want to leave.

More than one third (34 per cent) of those aged 26 to 29 years claimed they loved living at home and never wanted to move out.

Parents of Gen Y `never leavers’ pay an estimated $5,000 a year extra in household costs because their children were less likely to turn off lights, reduce heating or switch off appliances.

“I’m not suggesting parents kick their kids out, but it’s worth considering the ground rules and setting some financial goals for adult kids so they can develop sound financial habits for the future,” RaboDirect group executive Greg McAweeney says.

If your’d like to learn how financially savvy  GenY’s are compared to Baby Boomers please read this blog.


Want more of this type of information?

Avatar for Property Update


Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

'Never leavers replace boomerang kids' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.



Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...