Young Adult Children Still Living at Home

I hear and see young adult children still living at home a lot these days. (I have one who still lives at home.) People will ask, why do they still live with you? Well, it’s just easier and cheaper for them to live in our homes/basements than to move out on their own.  Some are not good with their money and would be evicted and broke before they even moved in to their new place, others have student loans that they have to pay back before they can even think of moving out.  Then there are the credit cards that most of them have that they think they don’t need to pay on every month, which will destroy their credit for almost the rest of their lives.

We as parents try to make sure our children learn the value of working for and using money, but no matter how hard we try, some of our children have to learn the hard way and hit rock bottom with finances before they truly understand the big bad real world of credit and money.

College campuses are filled with credit card companies giving out “free” gifts if you sign up for their card on that day.  They extend what I think is an outrageous credit limit to these children and most don’t have jobs to pay the bill when it comes due.  They are too busy buying stuff that they think they need.  It’s really just stuff they want and by the end of all this, they are in way over their heads and drowning in debt.

This, to me, is why most young adults live at home with their parents. Plus we still feed them, do their laundry, keep the house clean, cook and last but not least, keep a roof over their heads and they know most parents will never ask/tell them to leave.

We love our children so much that we are a willing to let them live with us for the rest of our lives, or do we pay for them to live in their own place?  Regardless of how it works out, it’s scary to think if something happens to me, what will happen to them?

I raised two boys the same way. One went off to college and has lived on his own ever since and he’s out of state. My other son still lives at home with us and he tell us all the time that he’s living with us until he’s 50.  Only 25 more years to go!!!  It’s OK for our kids to live with us. At least we get to see them once in awhile as opposed to having a child move out or away and never seeing them. We love our children no matter where they live.

Just remember,  we may have to live with our children in what they call our “golden years.”  We can repay them for when they lived with us all those years ago!!!!

Rock on, people. Rock on.