Final answer:
The 'Boomerang Generation' refers to young adults moving back with their parents due to challenges like inadequate employment post-graduation and cultural shifts in life commitments.
Step-by-step explanation:
The term Boomerang Generation is a relatively new phenomenon that describes the recent trend of children returning to live with their parents after having already moved out for what they thought was a permanent move. This pattern is often due to a lack of adequate employment upon college graduation, which forces many young adults to return to their parental home. Factors contributing to this trend include longer life expectancies, industrialized economies, a shift in the job market requiring higher education for entry-level positions, and cultural shifts that delay major life commitments such as marriage and long-term career paths.