Millennials living with Parents: Pros & Cons

Millennials living Parents Pros Cons


They don’t want to hold onto worthless paper that the Fed can create whenever it so wishes. China could have been paying down debt; another way to put this money to good use, instead of holding it while the U.S continues to inflate the supplies of dollars at a mindboggling rate. Finally,  Money was being deployed into new infrastructure projects.

   China dumping worthless dollars & buying Gold bullion


Still living with your parents? Thinking about moving in with your folks because you can’t afford rent, lost your job, got divorced, went back to school, or for some other reason?

Well, you’re not alone. The percentage of people in the US who live in multigenerational family households keeps rising. In 2016, according to the Pew Research Center’s analysis of census data, 40% of young adults in the US now live in multigenerational households. Millennials are the group that’s most likely to live with their parents or grandparents. 33% of 25- to 29-year-olds live with their parents, and more 18- to 34-year-olds live with their parents than in any other living arrangement.

Boomers (who had it a lot easier) call millennials “the boomerang generation” and see the trend as “a failure to launch,” but it doesn’t have to be so negative. In fact, many cultures throughout the world think living with your parents is completely normal. As an adult in your 20s or 30s, there are advantages and disadvantages of moving back. It’s important to know about both the pros and the cons before you make your decision. Full Story

The Advantages and Disadvantages of Living With Parents

Remember that comedy flick starring Matthew McConaughey about a 35-year-old man who lived with his parents? At the time, it was great comic relief. Fast forward 10 years later, though, and the idea of millennials living at home has gone from social stigma to social trend.

Today, it seems that everyone’s doing the “failure to launch.” According to a recent Pew analysis, adults from the ages of 18 to 34 are more likely to be living at home with their parents than to have any other living arrangement. In fact, for the first time ever, moving in with the parental unit is the most common young adult living arrangement – a phenomenon that’s never been recorded before.

Our boomerang generation can be attributed to many reasons including economic cost savings in a tough labor market– free housing and laundry – postponement in marriage and buying a home, and a social shift where millennials tend to stretch out the walk to full adult independence.

Whatever the reason, if you’re one of the many millennials living with mom and dad, there are a number of ways it can help in navigating your professional life. On the other hand, there may be times when living at home is not so helpful, especially if you start getting too comfortable.

First 5 is here to explain the pros and cons and how you can best make use of this extra “growing up” time you get Full Story


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