Millennials who won’t move out
A survey by Country Financial Security Index found that 1 in 3 adults between the ages of 21 and 37 don’t reach financial independence until they’re 25. Factoring in are less than ideal wages, higher costs in terms of rent and expenses, or continuing education.
It has been found that more than one-third of Millennials still live with their parents. Parents in these circumstances typically pay for groceries, cell phone bills, gas, rent, and health insurance.
It is always best to encourage your Millennial children to look for jobs and to help with household expenses, so make sure to set boundaries and talk to them about your financial stability as well as theirs.