Kids In Parents' Pockets Eroding Retirement Savings
(a.k.a. boomerangers, nest-squatters)
It refers to British 20- and 30-something year olds who are still living at home. Also known as "boomerangers" in Canada and "nest-squatters" in Germany, it specifically refers to people well into their 30's who have "failed to launch" and still live with their parents.
Online jargon, also known as text messageshorthand, used primarily in texting, onlinechat, instant messaging, email, blogs, and newsgrouppostings, these types of abbreviations are also referred to as chat acronyms.
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NetLingo Classification: Acronyms and Text Message