Planning Briefs
Why Aren't More Millennials Moving On Up And Out?
Published Monday, September 18, 2017 at: 7:00 AM EDT
Is your Millennial child still living under you roof? You're not alone.
According to a new U.S. Census Bureau report, about one-third of Millennials—people born in the 1980 and '90s—live with their parents. Those who choose this option seem to prefer it to living on their own in substandard quarters or bunking with a partner or friend.
Why are children staying longer at home? Some curmudgeonly parents will claim it results from lack of ambition, being coddled, or having a feeling of self-entitlement. In most cases, though, it's more complicated than that.
This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
© 2023 Advisor Products Inc. All Rights Reserved.
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