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Living with the parents doesn’t mean living of the parents. What if they are just old and need some support?
Exactly. One of my sisters is near 30 and will never move out. But she also takes care of the parents day to day. We all help out, but she takes the brunt of it. She does pay rent, but nowhere near market rate.
It truly depends on how old you are though. Like why are you 31 and still can’t figure your life out after 10 years
I have lived on my own for two years and am about to be debt free. I plan to move back home in June to rebuild my savings for a year or two. I am 24. Most ppl find it smart
I agree with this. I lived at home for the first 2 years out of college, which helped me pay off my student loans and save an emergency fund.
I disagree if the person in question just blows all their extra money / doesn’t have a plan to better their situation.
If living with your parents is a choice ALL the parties involved make, and it’s “for a strong financial future” then yeah, good for them.
But let’s be very clear, there’s a very large number whose parents want them gone, who just need to fly the coop, for everyone’s sake.
I am learning Indian culture, parents raise children until marriage then children take care of parents when they get old.
There’s a lot to be said for it. For it to work in other (“western”) cultures, it requires everyone to be on the same page as to what happening. And I don’t think that’s the case, in most cases.
Agree with VP of customer success 1. Even if the parents are not old, one can always share housework and expenses. It would be cheaper than maintaining a home outside, they can save up and parents get some help. As long as one contributes. It’s actually common for people outside of US to live at home until one gets married and they often have very good relationships with the parents.
I moved out of my parent’s house at 18 and never looked back. My freedom wasn’t worth saving a little extra money.
My gf still lives with her parents. Pandemic changed quite a few things I think. Probably would still be a deal breaker if I lived with my parents tho .
I'm 33 and never had the opportunity to live with my parents while working full-time; they passed away while I was in college. I strongly encourage living at home for a few years post-graduation to at least save a significant emergency fund. I also recommend paying their own bills (car, phone, etc) and helping out around the home. I'd say the right time to move out is when you can afford your own place (no roommates) or if you're willing to live with your S.O.
I agree!! Multigenerational living in the same home needs to be more common in this country. Other counties have been doing this for centuries. This is why they are much more financially stable.
My 24 year old just lost his job. He is very responsible. He has live on his own for the last 4 years, 2 of those with his girlfriend. I have told him he has a place to land if needed till he can find a job. All my son's know that. He is actively looking every day for a new job. He has a friend who is starting a fencing company so he is helping him for cash.
Some parents might have always wanted their kids to stay at home, provided that the parents stick to the boundaries set by the adult children, and the adult children help out every now and then.