Adult children living at home? is it the economy?
Various agencies and surveys tend to present the numbers
differently, but they all convey the same message: More and more adult
children are living at home. This is one statistic I find especially
significant: According to a poll for the National Endowment for
Financial Education conducted by Harris Interactive, 40% of American
adults aged 18 – 39 either live at home or have done so in the recent
past. That’s a shocking figure, partly because it goes all the way up to
age 39, and partly because it specifically excludes students.
The same survey finds that adult children are having a financial
impact on their parents, which is no surprise. What’s scary is that 26%
of the parents with adult children living at home have taken on debt to
support their kids, and 7% have delayed retirement.
Do you know someone that has to do this because of these tough economic times?
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