20-Somethings Are Moving Back Home
COVID-19 seems to be affecting everything these days including young adults moving back home with mom, dad, auntie, and uncle. According to the Pew Research Center, the new norm in the United States is young adults between the ages of 18 to 34 living at home. For years the running joke is parents saying their kids won’t leave home, and now it’s a real thing supporting grown children, but that can be stressful when your expenses for groceries and household items, including alcohol and beer increase on the same paycheck. The trick is to be intentional about your ground rules when they move back home.
In their defense, young adults just graduating from college or high school are strapped for cash because of loans. If the average college debt is $30,000 to $35,000, seven in 10 graduates are in the red from these loans. Wise advice is to have a temporary lease or some kind of written contract that sets out your wishes and expectations. It might sound cruel to do this, so tell your adult kids, you will sign the contract, too. Having your 20-somethings is not as bad as it sounds, in fact, have them teach you a thing or two and enjoy them, because life is short.