KIPPERS is a term to describe individuals in their late twenties or early thirties that are living in their parent's homes. They may or may not be earning an income. Similar terms include Parasite single and Boomerang Generation

Boomerang Generation

Boomerang Generation is one of several terms applied to the current generation of young adults in Western culture. They are so named for the frequency with which they choose to cohabitate with their parents after a brief period of living on their own–thus boomeranging back to their place of origin...

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The term has been used by a variety of news groups such as BBC News and The Australian

The Australian

The Australian is a broadsheet newspaper published in Australia from Monday to Saturday each week since 14 July 1964. The editor in chief is Chris Mitchell, the editor is Clive Mathieson and the 'editor-at-large' is Paul Kelly....

. One of the reasons for the existence of these individuals is rising housing prices.