Survey: adult kids moving home hurt costs parents

OMAHA, Neb. — A recent survey suggests that baby boomers' adult children may be interfering with their parents' retirement planning.

About 54 percent of the boomers aged 50 to 64 who responded to a TD Ameritrade survey said they have had adult children move back in with them for at least three months. And 42 percent of the baby boomers say it hurt their finances to have their adult children return home.

TD Ameritrade's Lule Demmissie says parents should be careful not to set a bad precedent by financially supporting their children.

Maritz conducted the phone survey of 1,007 adults between March 23 and April 11. The margin of error is plus or minus 3.1 percentage points.