It's bad enough that freshly minted college graduates can't find jobs, but when that forces them back home to Mom and Dad, it can also have an impact on retirement planning.
"Classic retirement planning as we practiced it for the last 30 years in this country didn't account for the fact that we've got an entire generation of what I call 'boomerang kids' coming right back into the household," Money Morning Chief Investment Strategist Keith Fitz-Gerald said in a Thursday appearance on FOX Business' "Your World with Neil Cavuto."
What this means, Keith said, is that parents need to figure out a way to help out struggling offspring without completely derailing their retirement savings.
In the video below, Keith explains why this is happening and how parents should handle it.