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Money and Finances
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]You all are assuming the non-launched adult kids are saving the money they aren't paying in rent. That would be great if they are but I know of families where they aren't. Instead they spend way too much money on their car and their night life and are in for a rude shock if they ever do have to pay rent. If I had this arrangement with my adult kid I would require proof that they are saving the money and if they aren't I would charge them rent.[/quote] Most of us parents would require our kids to be saving as well. If no savings, then I'd be charging rent up to 40% of their income or the typical rent for a 1 bedroom in our area. To force them to become financially responsible. [/quote]
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