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April 11, 2021

What to do when adult kids come home again

According to a recent Pew Research Center report on what it labels the boomerang generation, roughly 30 per cent of young adults between the ages of 25-34 have moved back home in recent years.

Just what to with them was the subject of a recent MSN Money column that generated a flurry of responses from readers, including this one. 

"Parents of children who move back home may have good intentions but it almost always backfires," writes a disgruntled Anna Marie.

"One big reason is that one or more of the parents feel they have to be parents like they were when the kids depended on them -- let's face it most parents don't want to acknowledge that their kids are adults -- and when the kids come home with no place else to go."


The best solution is to either pay for them to live in an apartment (put a stipulation on the time frame) or if you're lucky enough to have an in-house separate dwelling (either an apartment or granny suite) let them rent that, she suggests. 

"It's very sad to watch an adult revert back to being a child, and it happens every time. The only ones that stay for a short period of time are the independent ones who leave within 6 months. Thank God that was the case with my kids," she sighs.

Sound familiar? If so, you may be interested in RateSupermarket.ca's recent GET OUT OF MY HOUSE! contest in which one lucky winner will win a prize pack worth more than $5,000 in exchange for his or her "I guess it is time to go" story.

Click here for more details.

By Gordon Powers, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...