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Monday, March 24, 2008

Moving back home at middle age FROM CNN.com

Taking shelter with parents isn't uncommon for young people in their 20s, especially when the job market is poor. But now the slumping economy and the credit crunch are forcing some children to do so later in life -- even in middle age.

Financial planners report receiving many calls from parents seeking advice about taking in their grown children following divorces and layoffs.

Kim Foss Erickson, a financial planner in Roseville, California, north of Sacramento, said she has never seen older children, even those in their 50s, depending so much on their parents as in the last six months.

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