The trend of young adults living with their parents is being seen as a positive, as it enables them to save for a home down payment. However, there is a growing conversation around the financial dynamics between adult children and their parents, with studies showing that most parents are providing financial help to their adult kids. This trend is part of a broader societal and economic shift, with the 18-34 age group talking to their parents more frequently. Senator Bob Casey has proposed a plan, called the 401Kids plan, aimed at setting the next generation up for success amidst concerns that kids today will have less wealth than their parents at a similar age.
"What are adult children talking to their parents about? Basically everything." The 18-34 age group talks to parents more, and the stigma against living at home is fading. @HoweGeneration explains the economic and societal shifts behind these trends. https://t.co/AnqwUaoPMw
Most parents of adult kids are giving them financial help, study shows https://t.co/shxW07gHdi
For the first time in generations, kids today will have less wealth than their parents at a similar age. We need to be setting the next generation up for success and that's what my 401Kids plan will do. https://t.co/wCrq11RD9z
The great wealth transfer: How adult kids can start talking to their parents about it https://t.co/wcVj6xQGT2
It amazes me how many parents still tell their adult children what to do. When to buy a house and where, how to raise kids, what to invest in, how to spend their money. You already raised them, they're grown up, nothing says you still know better. Let them live their lives.
It amazes me how many parents constantly give their adult children advice. When to buy a house and where, how to raise kids, what to invest in, how to spend their money. You already raised them, they're grown up, nothing says you still know better. Let them live their lives.
Embracing the boomerang: Young adults living with parents are finding a silver lining. Saving for a down payment on a home just got easier. https://t.co/Pi6Vnj9nCM