Monday, July 7, 2014

18 Isn't The Move-Out Age Anymore.

Many of today’s generation have difficulty leaving the nest. We know. Let’s see what the Pew Research Center has to say. In 2012, 36% of America’s adults between the ages of 18 and 31, lived at home with their parents. That’s over 21 million people. Perspective? That’s 3 million more than the entire population of the state of Florida living at home with their parents.
Does this mean kids don’t want to move out or can’t move out? Can’t they just go to college and live the “American dream”? Well, they would probably have to sell a few organs to the cartel just to get a couple years in. Afterwards, they will graduate into debt and probably get a whopping $35,000 a year for their efforts. Doesn't sound like much of a dream. What is this doing to these poor parents?
The National Endowment for Financial Education committed to a survey a few years ago. The survey found that 59% of parents with children between the ages of 18 and 39, are providing, or have provided, financial assistance for their children. This means that every other person you know that has a child in that age range needs their help. This also means that you may have more than a 50% chance of having this issue yourself.
The fact is 18 isn’t the move-out age anymore. For those with young kids please keep this in mind. Erase that number 18. Maybe bring it closer to age 25. It’s almost safe to say that expecting your kids to move out at 18 is setting them up for failure. I hope my generation realizes this. As our retirement is already going to be tough, this won’t be much help. We can be prepared with awareness, however. This is just the opinion of one man.

Here is a link to help parents with the "failure to launch" problem. Although I would rather refer to it as a societal change to refrain from hurting my generation's feelings. Help Link

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