How to prepare for retirement with adult children living at home

You hoped to be empty nesters by this stage of your life, when retirement rests on your doorstep. However, there’s just one glitch – you have grown children still living under your roof.

Don’t fret. There’s hope. Many parents have figured out ways to support and encourage smart financial habits in their adult children living at home without neglecting (or draining) their retirement savings. Learn steps you can take to make this happen.

Adult children living at home: the facts

For the first time since the Great Depression, a majority of young adults are back living with their parents than with a spouse or partner, living alone, or living with someone else.

As of July 2020, 52 percent of young adults ages 18 to 29 live with a parent.1 By comparison, around half that number — 23 percent — of people in the same age group lived with a parent in 1960.

And this trend isn’t going away — these numbers have been on the rise for six consecutive decades.3


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