The following is excerpted from an online article posted by Yahoo
Almost 60% of young adults have moved back home at some point, but they don’t see it as a failure to launch. They see it as financially savvy.
According to the survey, 3 in 4 young adults say living with family or in transitional housing (often with a roommate) is a “smart financial strategy,” not a setback, and 26% declared they moved home to deliberately save money.
A vast majority of the respondents—62%—said the harsh stigma around moving back home has faded compared with previous generations, and 63% say they personally no longer feel embarrassed or judged about their living situation.
“When adult kids move back home, starting with the ‘why’ is crucial,” Thrivent financial consultant Gene Elder tells Realtor.com. “What’s the purpose of this season—saving for a home, regaining stability or paying off debt? The time spent at home can be a significant kickstart toward these goals.”
In other words, parents are willing to make short-term sacrifices to help their children’s long-term goals.
The key to not letting this dynamic affect the family negatively is to have open conversations. If the young adults move home to save money or pay off debt, then that is what they should be doing.
Source: Yahoo
https://finance.yahoo.com/economy/articles/more-half-young-adults-moved-211909040.html