Lay-offs have caused different types of disruption in America - including homes of parents and grand parents of young adults.
Almost 3 million American adults ages 18 to 25 have been laid off and are moving back in with their folks. Psychologist Dr. John Huber says this can be tough. "You have adults whom you have allowed - as their parents and grandparents - to come into your house. You have to realize they are not the 17 year old person who was living under your roof before they left your nest." Since then they have been fully in charge of their lives and you may clash with each other. He suggests you set some expectations for each other, even if the "kid" isn't actively looking for a new job.
They are known as Generation Z and were born into low unemployment and easy hiring. Says Huber, "They kind of lost that drive to be that individual to take charge. They had been the one to experience non-competitive competitive sports where everyone gets a trophy. They may not necessarily follow your rules as they did when they were younger. So you need to sit down and work out a game plan with them and set some expectations --- on both sides." Huber has another suggestion: "Help them network with their friends and you network with yours to find that new opportunity and a new place to live."
Their former landlords, however, have a problem that family meetings can’t solve: lost rent. Gen Z Americans who returned to their childhood bedrooms in March and April represent lost rental revenue of $726 million a month.