The cost of moving away from mom and dad
Does your life seem like the movie Failure to Launch when your adult child is still living with you at home?
In the 2006 comedy, the reason for the 35-year-old main character's failure to leave home is that he's just too comfortable living with mom and dad where everything is looked after for him.
But today, in reality, it just may be the cost of moving out that's holding junior back.
And that's a hefty price tag when you're just starting out on your own -- even if you are 20- or 30-something.
As a matter of fact, 42 per cent of Canadians aged 20 to 29 are still living at home partly due to continuing higher education and then facing the inevitable student debt, a weak job market, rising living costs, and then of course, the simple pleasures and convenience of living with mom and dad.
The study has estimated the costs associated with moving out including expenses such as furniture ($556.89); kitchen ($614.31); decor ($300.13); housewares ($981.29); first and last month's rent ($1,674.); ongoing living costs ($1,066.68); and moving day costs ($204.45).
Of course, these are all just estimated costs and you can find items cheaper or more expensive depending on where you shop and how you shop and budget.
The real cost of moving out is, of course, missing mom and dad.
By Donna Donaldson, MSN Money
Are you an adult still living at home with your parent(s)? What keeps you living at home?
Posted by: asd | May 2, 2021 9:04:10 AM
Just lack of personal incentive..... when there is a will, there is a way....
Posted by: MumWhoChose | May 2, 2021 11:12:08 AM
A scenario not commonly seen by those who live NOT in "the country", is farm succession. Why would parents want to set up in a retirement community when they've got the family heir right there to take care of EVERYthing? And often dictate to him/her about how to live their lives. Those parents just can't let go - and do everything in their power TO cut off attempts at independence! Then have the perfect chance to whine and bemoan how much *they* are inconvenienced when Junior just won't get his own place (despite the debts he's inherited and taken over so Ma and Pa can live the life they choose.) Often, Jr.'s life gets put on hold while parents attempt to grimly hold on. One word of wanting 'freedom' comes with a threat to disinherit.
So no, not all situations are the same.