Moving Back Home Used to Be a Sign of Failure. Now It Shows Financial Savvy

10 pointsposted an hour ago
by apparent

5 Comments

apparent

an hour ago

I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence.

Have any of these adult children successfully moved out after saving up money while living with their parents?

typs

11 minutes ago

Yes, I absolutely know some. At the same time, many weren’t out of financial necessity but maybe financial convenience. I know a few who had a remote job or worked in their hometown even though they had savings and weren’t spending a lot.

They then would move out to a bigger more expensive city and feel more financially comfortable than they would have. This was in first generation immigrant families, which as the article notes, is where this practice is more common.

bwhiting2356

27 minutes ago

You assume the goal is to move out, but it might not be. Extended families have lived together in many parts of the world throughout history. Expectations of living alone are relatively new.

apparent

24 minutes ago

That's true, but there were also no stories of adult children getting married and living with their spouse/children with their elderly parents. There weren't even any mentions of adult children (or their parents) who sought such an arrangement.

csmiller

7 minutes ago

shame "home" for me is manhattan, and moving there would be financial ruin