With the state of the economy today, many adult-aged children are moving back in with their parents. The benefits for the child are obvious– saving money on living expenses, etc., but what do parents and other adults think?
Coldwell Banker surveyed more than 2,000 adults and found that Americans disagree over how long is too long for college graduates to live with their parents.
Overall, 18 to 34 year olds believe that it is okay to live at home for up to 5 years. And 20% of people in this age group think that it is okay to live with their parents as long as they need to.
People age 55 or older say that it is okay to live with your parents for a maximum of 3 years. And taking that a step further, 13% of people polled don’t think that adults should ever move back in with their parents.
Of those surveyed, 92% believe that adult children living with their parents should at least help out around the house, while 82% think that these adult children should pay rent to their parents.
To help with this, experts suggest setting up some ground rules, expectations, and even a time line for move-out before permitting a child to move back in.
For the full results of the survey and more expert advice on the topic, click here.