Houston News

 

'Generation Wait' Increasing, Less 20-Somethings Leaving Home

'Generation Wait' Increasing, Less 20-Somethings Leaving Home

Maybe you’re one of the many people who are getting ready to welcome your 20-something year old kids home for Thanksgiving. Or maybe you’re one of the many that still have those kids living at home.

‘Generation Wait’ is the term for adults between the ages of 25 and 29 living at home. This parent told KTRH it's the right thing to do.

“Kids have no choice. And as parents we can’t just throw them out. If they need additional support we need to be there for them,” the parent said.

Financial planner Richard Rosso says it's not a bad thing as long as you have a plan.

“I recommend that even if the kids have jobs that they go home and live with their parents for two years. They need to create a financial game plan during that time to get set to move on. They must contribute. They must save. And there should be a monthly meeting with a financial planner every month to make sure they are on track,” Rosso explained.

There are those parents who feel that their kids should go out on their own and find their way by themselves. But not all parents feel that way.

“If your child needs guidance, you as a parent have the experience behind you that helped you. And you can help them,” another parent told KTRH.

Just 23.3% of ‘Generation Wait’ left home in the last year according to the latest numbers. That's down from a high of 36.7% in 1965.

 

More Articles