what is kids in parents pockets eroding retirement savings kippers 
kids in parents pockets eroding retirement savings kippers is a slang term for adult children who are still living at home with their parents even after finishing school and reaching working age their parents face the challenges of managing their own finances and planning for retirement while dealing with the added expense of housing and feeding their adult offspring kippers are also known as boomerang children understanding kids in parents pockets eroding retirement savings kippers according to some studies most parents find that having kippers in the house is a pleasant experience they like living with their adult children and the opportunity to build deeper relationships with them now that they are adults the extra time spent at home allows for a closer relationship in many instances however it usually results in the parents spending more and saving less than they otherwise would as they approach retirement age additional costs include extra groceries for feeding additional mouths continuing to stay in a larger house as opposed to downsizing when the kids have moved out and other possible costs depending on the situation of the child such as an additional car or spending money they may also postpone retirement itself working many more years just to support their children contrast this to the situation of a married dual income couple with no children at home whose discretionary income is often higher and who find saving for retirement easier this demographic group is sometimes referred to as dual income no kids dinks millennials on the coucha pew research center study in 2016 found that nearly one third of 18 to 34 year olds lived with at least one parent up from just 20 in 1960 for the first time in 130 years shacking up with mom and or dad was the most common living arrangement for young adults edging out being married cohabitating living alone or living with someone other than a parent consumer reports noted 12in 2020 pew research showed that 52 of young adults in the u s were living with their parents this was a direct result of the covid 19 pandemic however the number was still high before the pandemic in february 2020 at 47 3for parents struggling to save for retirement and contain costs consumer reports offered these tips 