College junior dc says he’d like to move back in with us to save money when he starts working. (Assuming he gets a job).

[Anonymous]

Anonymous wrote:In most places in the world this would be totally normal and the parents thinking it's not a good idea would be considered monsters. Something to consider

+1

It's an American concept to blow money on an apartment and reduced the chances to create substantial wealth. Recently, I read that this is one way wealth creation is prevented. Living with parents (if they are not controlling or crazy) can help an adult child save a lot of money to buy a house or to invest in the stock market.

If your child can even consider this option, they are a fortunate and privileged person.

[Anonymous]

I lived with my grandma after grad school. I lived with her out near BWI and commuted to Farragut West and later Georgetown. Commute sucked but I couldn't have afforded DC rent, and I didn't want to live in a group house. I'd had bad roommate experiences in college. It also helped Grandma out because that's around when she quit driving. She didn't charge rent, I paid the phone bill and something else, plus I did things like grocery shopping and laundry for both of us.

[Anonymous]

Of course, as long as they save money.

[Anonymous]

The job rate for college kids is dismal. There are no jobs. Period. You have to support him. These are different times and it is no way a reflection of how smart or whatever label you want to out on it. This is Trump economics after he has pulled funding, rides federal employees for no reason, brought in AO that kills entry level jobs, etc.

Support your son. No need for strings attached. Just support him. He knows the circumstances and how things look to you and the world.

[Anonymous]

I lived at home for a year after college and am so grateful that I did. I was able to save money that went toward paying for my wedding and also savings but, more importantly, my dad died before I was 30 and I loved that I had more time with him.

[Anonymous]

Anonymous wrote:I lived at home for a year after college and am so grateful that I did. I was able to save money that went toward paying for my wedding and also savings but, more importantly, my dad died before I was 30 and I loved that I had more time with him.

Yes, more time with your loved ones is the added bonus.

[Anonymous]

My DS is extremely frugal and just got a job on the Hill (‘25 grad). He is planning to live home for at least a few months to save some money. He wishes he could do longer but the commute will kill him. He is great to have around and frankly he could stay as long as he wants as far as I’m concerned. If he hadn’t gotten this particular job, which is fully in person, he would have stayed home probably for a year, pay off his student loan and sock away some cash. I wouldn’t charge him anything because he is a saver.

[Anonymous]

Anonymous wrote:We are in very high COL city (not DMV)

Thoughts?

Well, congratulations! You have raised a kid with common sense. Its great. Treat them like a roommate and have some basic rules that parents and adult child adheres to.

[Anonymous]

Anonymous wrote:We are in very high COL city (not DMV)

Thoughts?

Fairly common due to high cost of housing and high cost of living. Set firm rules & encourage your son to save & invest on a biweekly schedule.

[Anonymous]

Anonymous wrote:The job rate for college kids is dismal. There are no jobs. Period. You have to support him. These are different times and it is no way a reflection of how smart or whatever label you want to out on it. This is Trump economics after he has pulled funding, rides federal employees for no reason, brought in AO that kills entry level jobs, etc.

Support your son. No need for strings attached. Just support him. He knows the circumstances and how things look to you and the world.

This. Even if he gets a job, the outlook is so uncertain for young people. Support him and let him save up while he can.

[Anonymous]

Anonymous wrote:I'd rather help my dc with their rent or whatever than have them move back in.

+1

[Anonymous]

Anonymous wrote:I'd rather help my dc with their rent or whatever than have them move back in.

That’s nice you have that much extra $$.

[Anonymous]

Anonymous wrote:It was never the expectation for my family that we couldn't come back after college, so I don't really understand this idea. You should raise your kids to be adults that you like. You raise them to understand that being a family means having shared expectations and mutual respect. I saved money and got to know my parents as an adult. It was awesome in many ways.

This is the answer I’ve been waiting to hear. Not op.

[Anonymous]

Anonymous wrote:Agree. Create a formal agreement spelling out the expectations of all. Clnsider what would be important to each of you.

No this is absurd

OP of course we would family wealth not control

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We are in very high COL city (not DMV)

Thoughts?

Are you immigrants? Or is your kid hanging with immigrant kids in college?

I am glad that more and more Americans are thinking like this.

No and no. But we live in the best city in the universe and it’s where dc plans to work, and rents are very high so…

DMV could also be very expensive. We are in the Suburbs so I doubt our kids would like to move back in with us but if they want to save money we would be Ok. I'll probably set up something like "rent" money and save it for him when he moves out. Also would have some boundaries established.

Wait... What City? I need to move there!