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

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[quote=Anonymous][quote=Anonymous]Did anyone else read Michelle Singletary's article in the WAPO about her three young adult children who are still living at home - rent free?  She claims they are saving for retirement, good grief. She has lost all credibility. I can't take her seriously.

https://www.washingtonpost.com/business/2024/02/14/financial-cut-off-adult-children/[/quote]

I feel like you don't know her style/mindset at all. She is incredibly conservative financially. Basically no debt ever except a mortgage that you should not stretch to afford. Doesn't matter if interest rates are negative and you can have roommates for a few years or live on beans and rice until you don't have to stretch. She'd still tell you not to do it.

She was being interviewed on some NPR show in the last month and talked about this - saying that they had a sit down conversation and this plan was thought through/it was a conscious decision and not because the kids couldn't live anywhere else.

We have close friends who are pretty financially well off and always were. Yet they lived with his parents their first year of marriage to save for a down payment.[/quote]

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