Kids In Parents' Pockets Eroding Retirement Savings (KIPPERS)

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on March 29, 2023

Are You Retirement Ready?


KIPPERS, or Kids In Parents' Pockets Eroding Retirement Savings, is a financial slang term for grownup children who still live with their parents after college even though they are of working age.

While some parents may enjoy having their KIPPERS home for a little while after they finish college, they may not take into account the gradual financial strain that their presence creates.

On top of this, having a child move home right after school may also cause the parents to delay some of their big "empty-nester" decisions like downsizing their home or doing that big, expensive vacation they have been dreaming about.


It's not even necessarily that the KIPPERS wanted to move home.

Recent studies from the Pew Research Center found that one-third of eighteen to thirty-four-year-olds lived with at least one parent, but the majority aren't out there due to lack of jobs.

Only about five to ten percent of this age demographic is unemployed.


Take Doug from Dallas for example.

Doug attended one of the better colleges in the country on partial scholarship and received a degree in Marketing. However, upon graduating, his financials were in shambles.

Doug had wracked up some debt due to loans needed to pay for the parts of school not covered by his scholarship.

On top of that, of the hundreds of jobs he applied to only three offered him positions, one in New York City, one in LA, and one back home in Dallas. They all offer about the same salary, say $40,000.

Considering the cost of rent and other necessities as well as paying off his student loans, Doug decides that the most financially sensible thing to do is move back home with his parents.

While not meaning to be a burden, Doug has become one of the many KIPPERS out there.

KIPPERS | Kids In Parents' Pockets Eroding Retirement Savings FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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