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04/23/2014 12:19 pm ET Updated Apr 23, 2014

Even Boomers Are Moving Back In With Mom And Dad

Jose Luis Pelaez via Getty Images

Baby boomers, who railed against parental authority in their youth, are increasingly turning to their parents for help with financial problems in their older years.

According to data cited by the Los Angeles Times, about 194,000 Californians aged 50 to 64 lived with their parents as of 2012, an increase of 67.6 percent during the preceding seven years. Though more young Californians live with their parents, the numbers of older folks living with mom and dad rose at a faster rate.

Read more on CBS MoneyWatch

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