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Investopedia explains 'Boomerang'
While boomer parents may be pleased emotionally to have their boomerangs back in the household, boomerangs can often pose a significant financial burden on their parents. This can result in a reduction in retirement savings for the boomerang's parents, leaving them with the decision to either postpone their own retirement or have their children help out with the household expenses.
Other countries have adopted similar slang to represent this domestic phenomenon. In Italy, the term "mammon", or "mama's boys" is used, while the Japanese refer to them as "parasaito shinguru", or "parasite singles". In the U.K., children boomeranging back home has given rise to the acronym KIPPERS (or kids in parents' pockets eroding retirement savings).
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