Goodbye jobs, hello mom and dad, say young adults

WASHINGTON (AP) - A new survey suggests many young adults aren't just home for the holidays, they're there to wait out the recession.

A study by the Pew Research Center counted nearly 1 in 7 parents with grown children say they had a "boomerang kid" move back home in the past year.

Researchers write this Thanksgiving, "Instead of traveling across country or across town, many grown sons or daughters will be coming to dinner from their old bedroom down the hall."

Pew's survey of more than 1,000 people and analysis of government data says the share of 18- to 29-year-olds who lived alone declined from 7.9 percent in 2007 to 7.3 percent this year.

That type of decline was also seen during or immediately after the recessions of 1982 and 2001.

Twentysomething Inc. president David Morrison says "Young adults are the first to feel the brunt of a bad economy and the last to feel the benefits of a recovering economy."