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.


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. 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Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts