Thursday, December 24, 2009

Young Adults Moving Back Home

About 30% of 18-34 year olds live with their parents, according to 2008 census data. The Network on Transitions to Adulthood calculates that the number of young adults living with their parents has gone up 50% since the 1970s. The phenomenon even has its own lexicon: words such as “boomerang kids,” “adultescence” and “quarter-life crisis.”

The United States is relatively unusual in its early independence. Young adults in Hispanic, Asian and Eastern European cultures often live with their parents until they’re married.

Robin Meredith’s mother invited her back when the 29-year-old lost her advertising job in September. “I resisted it for a while- a loss of independence, pride thing going on,” said Meredith, who traded her apartment for her mother’s split-level. She sacrificed late-night callers and free cable for the ability to work toward a health care degree.

I’ve seen so many of my friends’ kids get into debt in the last 10 years, and I don’t want mine to start out that way.  I think the key is not to let kids get the sense that it’s a free ride.
There was a time I would have thought 25 years old is too old to live at home.  Now I am not sure, I can see lots of pluses and minuses, what do you think?

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