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Reply to "Michelle Singletary - WAPO finance expert has three failure to launch kids in their 20's living at home - RENT FREE"
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[quote=Anonymous][quote=Anonymous]Singletary’s children are lucky she lives in a thriving major metropolitan area and can work where they grew up. Many young people cannot live where they grew up, because the jobs are not there, or are not plentiful enough. These young people have no choice but to spend money on rent.[/quote] +1 That said, they are also less tied to a big metro area and may be more likely to start their lives in a mid-sized city with more reasonable costs. It's hard for our DMV kids to pass up the opportunities here and live at home to save money. They develop their social and professional networks here and it becomes a little harder to decide to move to a city with lower costs. A kid from a rural area who has to move where the jobs are might be more likely to choose a city where the balance of salaries and cost of living are strong out of necessity and then it pays off financially in the long run.[/quote]
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