85% of parents of adult kids in their 20s who moved back home were happy to have their birds back in the nest, a survey of 2,000 parents found. 69% of these parents asked their child to move back in, mainly for financial reasons. However, one in five parents say that having their child live at home has negatively impacted their own financial planning. 45% think the living arrangement has improved their relationship. “If you have adult kids living at home — which isn’t uncommon nowadays! — it’s an opportunity to model good financial practices while encouraging them to save diligently,” Leasa Melton of BOK Financial said. (swnsdigital)
Phone Topic: Do you save money when you live at home?