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][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]

Can't read article, behind paywall.

But are her kids gainfully employed?  If so, why would you not let your kids live at home rent free if they are actually saving majority of their income and are working at least 40+ hours per week?  My kid pays 1500/month to rent an apartment, because they live 2K miles from home with their job.  But if they had a job in our town, I'd certainly let them live at home, saving majority of their earning for a few years.  Imagine putting an extra $18K into retirement/savings per year in your 20s.  By time they are 30 they could have what will become over $2M at retirement and an amazing downpayment for a house/TH/condo.

[/quote]

Sounds like they are employed. She’s letting them live at home to save $$. She says when she sees they aren’t doing that appropriately, she will start to charge rent. 
Sounds like a very smart set up to me. [/quote]

+1
Sounds like financially smart kids as well.  As long as there is space at home and the parents can afford to let them live there, why not?  Smart move to save $$$$ when young.  Kids can still be independent and live at home. [/quote]

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