Earlier this month, writer Jasmine Li published an article on Fortune, titled 'Broke boomers are moving in with their millennial kids, who are seething.'
In it, she highlighted that as more and more boomers reach retirement age, an increasing number of them are running out of money and, therefore, turning to their adult children for support — the median retiree has $142,000 in savings, which is a far cry from the $1 million they say they'll need to live comfortably.
And according to the Pew Research Center, 9% of multigenerational households were headed by 25- to 34-year-olds in 2021, up from 6% in 2001.
