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Retirement Weekly: Is your new grad also your new roommate?

This post was originally published on this site

College graduation is upon us, which means many empty-nesters will suddenly find themselves with not-so-empty nests…and, if they’re not careful, empty wallets.

Analysis of census data from 2014 shows that for the first time ever, adults aged 18-34 are more likely to be living with their parents than in any other living arrangement, with nearly 20% of college graduates returning home. This trend can have crippling financial consequences for both parents and their adult children.

Moving back in with parents after graduation can cause fully capable adult children to fall into old habits of their childhood; these habits can be exacerbated by the expectation that mom and dad cover all living expenses.

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