Drawing on qualitative research, this study endeavours to identify the determinants of return migration of young Romanians and Latvians in light of the most recent global economic crisis (GEC). The decision‐making patterns of young returnees are examined by three main research questions. How do macro‐events, such as the GEC, interfere with individual biographies creating specific return experiences? What can we say about the “crisis returnees”, their migration motivations and re‐adaptation in the origin country? What are the main challenges of young adults facing life strategies in such uncertain periods? Data are drawn from 51 in‐depth interviews with Romanian and Latvian young adults, carried out in late 2015 and early 2016. Findings show that return migration is associated with economic conditions, family life, feelings of homesickness, and re‐adaptation experiences. Our results also confirm that youth transitions and migration have become more diversified and complex in the context of the economic crisis.