COVID-19 forcing more adult kids to move back with their parents
September 25, 2020
About two-thirds of parents say they are providing some financial support to kids who have had their jobs and incomes affected by the novel coronavirus. One in five adult kids has moved back with their parents as a result. “This trend of adult children moving back at home was something we saw a lot of out of the Great Recession,” said Troy Frerichs, vice president of investment services at Country Financial. “Now you are seeing it happen again.”
Recent News
Merger Forces Kroger and Albertsons To Sell More Stores
Kroger and Albertsons are selling more of their stores to address concerns about their merger.
JD Sports Bids for Hibbett in $1.08 Billion Deal
JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States.
Disney Technology Executive Leaves Company for Personal Reasons
Aaron LaBerge will stay on at Disney until June 2024.
Amazon Ends Drone Delivery in California, Here’s Where It’s Going Next
This new location will allow for quicker, same-day delivery.