Moving Back Home: How Long Is Too Long?

WebPhoto: Image Source/REX USA.

You might call J. Maureen Henderson a one-person empire: Other than being a Gen-Y expert, Forbes contributor, and self-described know-it-all, she also founded Secret Agent Research, a creative content marketing training for small business. You can catch her other musings on her blog, Generation Meh.
Advertisement
How long is too long to live at home after college? It depends on who you ask. A new survey from Coldwell Banker reveals Boomer parents and their Millennial offspring don’t quite see eye-to-eye when it comes to the appropriate length of time to seek refuge in the nest after earning a degree. Those 55 and up were fine with stays of three years, while survey respondents 18 to 34 thought five years was a suitable maximum.
Generation Z, however, has both Millennials and Boomers beat. According to an Ameritrade survey from June, its members — the oldest of whom are college freshman — cite 28 as the age beyond which they’d feel embarrassed to be shacking up chez Mom and Dad.
Opinions on living at home also break down along gender lines. Men are more likely than women — 16 percent to 11 percent — to believe that adult children should never live at home. Their bluster belies the real-world data, however, as the Pew recently reported that 40 percent of male Millennials live at home vs. 32 percent of female Millennials. In some cases, young men actually reap an additional long-term benefit from moving back into the nest. UPenn research found that unemployed Millennial men who live at home after becoming unemployed don’t suffer the same negative effect on future earnings that peers who don’t move back home face.
Regardless of the duration of the stay, most Americans are on the same page when it comes to the criteria for a successful multi-generational household.
92 percent believe that adult children should be fending for themselves when it comes to doing household chores.
82 percent say paying rent is a must.
80 percent think it’s okay to live at home if you’re saving to buy a place of your own.
65 percent are of the mind that the kids should vacate the premises upon landing a job.
Advertisement
By and large, most boomerang living arrangements are satisfactory ones — at least from the perspective of Millennials. According to 2012 research from the Pew, 78 percent of live-at-home young adults are happy with their accommodations and almost half report that living with their parents hasn’t affected the family dynamic in a negative way. No word, however, on whether this survey was conducted during year one or year five.
This post originally appeared on Forbes’ The Ground Floor.
Advertisement

More from Living

If you aren't registered to vote, don't panic. As a matter of fact, thanks to Snapchat, you can now do it in just one minute, reports Time. The social-...
What comes to mind when you think of Japan? Is it the fashion of Harajuku or the electric chaos of Akihabara? Maybe the quiet of a mountain retreat in the ...
No one would deny a blind person's right to take his or her guide dog on a plane. Likewise, we're beginning to accept that there are people with real ...
S'mores are a messy dessert favorite. But why not skip the sticky situation and enjoy yours in a cone
Growing up, your parents may have told you to be grateful for your food, because some people are starving. Now, your own meals can actually help other ...
You may start to notice your Uber drivers snapping a lot of selfies, but it doesn't necessarily mean that you're riding with an Instagram addict. Your ...
Snapchat CEO Evan Spiegel announced that the company has developed new video-enabled sunglasses, called Spectacles, and will subsequently be rebranding ...
(Paid Content) Scrambled eggs for breakfast? Yawn. Standard-issue pancakes? Predictable. To effectively get us out of bed in the a.m., we prefer a morning ...
Coffee lovers of the world, get ready. We have news that might make even a die-hard caffeine addict à la Lorelai Gilmore jump up and down in excitement. ...
It's safe to say that a home — especially in New York City — will be one of the biggest purchases you'll ever make in a lifetime. But let's be real here: ...
Lady Gaga is known for her unique, eccentric, and sometimes downright insane sense of style. So it makes total sense that she would purchase a mansion ...
Four years ago, my life was exactly where I wanted it: I was working as a senior editor at a major glossy magazine. My first young adult novel had just ...
You're at 20,000 feet, and you realize your flight doesn’t have WiFi — which wouldn't be a big deal, except you forgot your book at home, and none of your ...
DIY cotton candy ice cream that doesn't require an ice cream maker? Winning