When Adult Children Move Back Home
If hearing cries of “I’m baaaccckkkk” from your adult daughter or son sounds more to you like a scene out of Jack Nicholson’s 1980 movie, The Shining, you’re not alone. More young people are moving back in with their parents today than at any other point in time. So maybe you won’t have to worry about dealing with an empty nest for too long!
Out of 75.4 million millennials in the United States,- the generation born after the early 1980s through the early 21st century – nearly a third of them are still living with their parents!
On the contrary, when you may have been a young adult in the 1970s only about 25 percent of your generation was living at home.
But this is a common theme among many American households. 28-year-old Melanie moved back to her parents’ residence after graduating with a degree in biology, and she’s still living at home six years later. She’s currently working on advancing her career and plans to move out next year, but she doesn’t regret living at home for so long at all.
“I graduated several years ago, yet I didn’t land a secure, well-paying job. I felt I had no other option than to move back in with mom and dad. I know it’s not the end of the world, and it’ll just be temporary until I can fully provide for myself.”
Facts Surrounding the Move Back Home
Many parents don’t deny their children the chance to return home because they truly enjoy having them around and take advantage of the extra company.
According to the Pew Research Center, for the first time in 130 years, young adults ages 18 to 34 are more likely to be living at home with their parents than with a romantic partner.
Last year, 36 percent of graduating seniors planned to live at home at least a year or more after graduation, according to a recent survey by the job site Indeed.
But this growing trend is no surprise considering the three major aspects contributing to this typical post-graduation route.
- The high cost of living, especially in urban areas.
- The difficulty of finding a well-paying job.
- The seemingly never-ending burden of college debt.
According to a CNBC article, seven in ten seniors graduate with debt, owing about $29,000 per borrower, based off the most recent data from the Institute for College Access & Success.
Additionally, only about 35 percent of Americans under the age of 35 own their own homes, which is a decline of 8 percentage points from 2004, according to a 2016 Pew study.
Many other factors contributing to children moving back in with parents include: break-ups, layoffs, early midlife crises, changes in career, relocation, illness, etc.
Priorities for millenials are different than they were 20 years ago. Young people are putting off romantic partnerships and delaying marriage to focus on their careers or furthering their education. Some might prefer or even find it necessary to complete a masters degree, for example, before having children or getting married.
If you feel like you have a more companionable relationship with your kids than you did with your parents, you are not alone! Today there is less of a stigma attached to living at home. In fact, many college grads think it’s a smart move!
For young people just starting out in the world, there’s a lot to worry about (bills, apartments, first jobs etc.) Therefore, we appreciate the peace of mind attached to living with people who love you and will make sure you’ll have a roof over your head until you are able to provide for yourself.
Almost 40 percent of young adults lived with their parents, step-parents, grandparents, and other relatives last year. It’s the highest number in 75 years, according to data from real estate analytics company Trulia.
Benefits of Having Your Kids Back Home
Having your children move back home can be a good thing for both you and your children.
Parents can look at this as an opportunity to create stronger family bonds and be really involved with their young adult’s life. It is a time in our lives where we are making important decisions about careers, love, and who we want to be. So take advantage and be a part of our journey!
Not to mention we can also help lighten parents’ loads by paying a few bills and doing chores around the house.
But, make sure to set clear boundaries with your children because there are things to be clear about considering your children are also adults now.
If you don’t approve of loud music, drugs, drinking, cursing, overnight guests, dishes in the sink for more than a day– make it known beforehand.
Also, feel free to ask questions. How long does your child plan on living at home? Do you both think he/she should pay rent? Are there any bills he/she is willing and able to pay for? What specific chores should be done every week?
Although you have a lot to go over with your children, the important thing is to do it before they move in to make sure you are both on the same page.
Going in with a plan can make things run smoother for both you and your new tenant. It’ll also help you both get the most out of the experience!
If you have any advice for parents whose kids are moving back in or if you’d like to share advice for the younger generation who might be considering flying back to the nest, make sure to Share Your Story!
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