Moneywise On Oneplace.com

A boomerang is supposed to return when it leaves your hand. But a boomerang kid, well, that’s something else entirely.Do you have a boomerang kid? That’s a term for an adult child that’s returned home, like a boomerang, and now lives with you again. If so, you’re not alone. We’ll talk about what you can do about it.You're not alone if you have a boomerang kid living in your basement. The latest Boomerang Kids Survey by Thrivent, conducted in April, found that 46% of parents have had an adult child move back in with them at some point. This trend brings unique financial challenges for both parents and children.Impact of Student Loan DebtThe survey revealed that student loan debt is a significant factor preventing boomerang kids from achieving financial milestones:Buying a home: 39%Saving for retirement: 34%Building emergency savings: 36%Additionally, 28% of young adults report living paycheck to paycheck due to student loans, with only 22% saying their first job helps them pay down that debt.Financial Strain o