Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home - RENT FREE

[Anonymous]

This thread reminded me more of the recent Suze Orman thread. These financial advice types give the same advice over and over again. Once you've heard what they have to say you don't need to hear it again. I agree though that OP's premise was ridiculous.

[Anonymous]

Funny how since Michelle posted, everyone is agreeing with her. Before, half the responses were saying that living at home makes you an emotionally-stunted shell of an adult.

To be clear, I posted previously that staying at home is a no-brainer way to get ahead, but still interesting that people felt more free to say this after Michelle posted.

[Anonymous]

Anonymous wrote:Funny how since Michelle posted, everyone is agreeing with her. Before, half the responses were saying that living at home makes you an emotionally-stunted shell of an adult.

To be clear, I posted previously that staying at home is a no-brainer way to get ahead, but still interesting that people felt more free to say this after Michelle posted.

Her post doesn't change my mind. While it's a good financial decisions life isn't only about financial decisions.

I would still consider my own kid a failure to launch if they had millions of dollars but couldn't cook dinner, manage a household, lacked executive functioning and couldn't live alone. Im not saying that's what's going on with Michelle Singletary's kids as I don't know them. Just because you can save money doesn't mean you can live.

Living alone allows a person to get to know themselves. It's important before you consider marriage and kids that you know yourself.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Funny how since Michelle posted, everyone is agreeing with her. Before, half the responses were saying that living at home makes you an emotionally-stunted shell of an adult.

To be clear, I posted previously that staying at home is a no-brainer way to get ahead, but still interesting that people felt more free to say this after Michelle posted.

Her post doesn't change my mind. While it's a good financial decisions life isn't only about financial decisions.

I would still consider my own kid a failure to launch if they had millions of dollars but couldn't cook dinner, manage a household, lacked executive functioning and couldn't live alone. Im not saying that's what's going on with Michelle Singletary's kids as I don't know them. Just because you can save money doesn't mean you can live.

Living alone allows a person to get to know themselves. It's important before you consider marriage and kids that you know yourself.

Living alone doesn't guarantee you will get to know yourself any more than living with family doesn't. Introspection is what does that.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Funny how since Michelle posted, everyone is agreeing with her. Before, half the responses were saying that living at home makes you an emotionally-stunted shell of an adult.

To be clear, I posted previously that staying at home is a no-brainer way to get ahead, but still interesting that people felt more free to say this after Michelle posted.

Her post doesn't change my mind. While it's a good financial decisions life isn't only about financial decisions.

I would still consider my own kid a failure to launch if they had millions of dollars but couldn't cook dinner, manage a household, lacked executive functioning and couldn't live alone. Im not saying that's what's going on with Michelle Singletary's kids as I don't know them. Just because you can save money doesn't mean you can live.

Living alone allows a person to get to know themselves. It's important before you consider marriage and kids that you know yourself.

THe vast majority of kids I personally know who have chosen to "live at home to save money for 1-2years post college" know how to cook dinner, have exec functioning and could live alone. It actually takes some smarts to plan and decide to live at home. If parents treat the kids as adults they still learn all of this and move out at 24/25, but without debt and quite possibly into a Condo/Home/TH that they now own. Sure life isn't all about money, but when you live somewhere that a decent 1 bedroom is $2200+ and the avg price for a home is $750K+, a jump start to saving $60K-100K+ is huge. The ability to also save $10K+/year into a 401K in your 20s is something you can never get back---try doing that in your 30s and you will need to contribute more than double to make up for lost time.
Many parents cannot just afford to gift their kids a down payment or help fund their 401K, but they often have space for the kid to live at home, and save majority of their paycheck.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Funny how since Michelle posted, everyone is agreeing with her. Before, half the responses were saying that living at home makes you an emotionally-stunted shell of an adult.

To be clear, I posted previously that staying at home is a no-brainer way to get ahead, but still interesting that people felt more free to say this after Michelle posted.

Her post doesn't change my mind. While it's a good financial decisions life isn't only about financial decisions.

I would still consider my own kid a failure to launch if they had millions of dollars but couldn't cook dinner, manage a household, lacked executive functioning and couldn't live alone. Im not saying that's what's going on with Michelle Singletary's kids as I don't know them. Just because you can save money doesn't mean you can live.

Living alone allows a person to get to know themselves. It's important before you consider marriage and kids that you know yourself.

You’re bad at logical reasoning.