Boomerang Kids Essay

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The Boomerang Kids Student Name: Institution Affiliation: The Boomerang Kids Boomerang kids are those young adults still living in their parent's home well into their late 20's to early 30's. This habit did not begin during “the great recession” contrary to what many people believe. Between the intervals of 1980 to 2008 the number of the boomerang kids increased exponentially. This period occurred before the “great recession” thereby invalidating the claims. Some of the reasons that favored the increase in number of the boomerang kids include a bad economy that has led to the reduction of number of jobs in the job market, high divorce rates that result in many children being raised by single parents, and cultures that allow parents to keep their children at home even in their early 30’s. To begin with, the current state of economy is one with few jobs in the job market (Adams, 2012). During recession, consumers’ purchasing power reduces because they have less disposable income. Organizations are minimizing operational costs by cutting down on the number of employees to remain competitive. Fewer operational costs will translate to lower selling prices for their products. Some companies also suffer due to recession as their revenues reduce to a point where their operational costs are higher than their revenues; their net revenue is equal to zero. When there is no revenue being generated then it would make no sense for the business to continue to exist. They will shut down permanently and reduce the number of employment opportunities. Lack of employment opportunities will mean that the boomerang kids will not be able to sustain themselves when they leave their parent’s house. Moreover, high rates of divorce have led to an increase in the population of the boomerang kids (Adams, 2012). When children are raised by single parents
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