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Living with your parents? These moves might make it easier.
Key points
- High living costs, a desire to save, and changes in lifestyle all contribute to the higher numbers of young adults living at home.
- Morgan Stanley note says almost half 18 to 29 year olds are living with their parents.
- If you live with your parents, try to set yourself clear financial goals and agree on ground rules.
One of the many ways that the COVID-19 pandemic, inflation woes, and economic uncertainty have impacted our lives is that more and more young people are living at home. According to a recent note from Morgan Stanley, almost half 18 to 29 year olds are living with their parents. It says we haven’t seen those highs since the Great Depression around 90 years ago.
Why young adults are living with parents
The Morgan Stanley note chimes with research from the U.S. Census Bureau…
