Millennial Moochers

A recent Coldwell Banker Real Estate survey shows that boomerang kids (adult children who move in with their parents after college) are not ashamed of their living arrangements.  Millennials, and American parents, think that living at home for up to five years after graduation is acceptable.  But 65% of Americans feel that adult children should leave the nest as soon as they get a job.

Other survey findings include:

• 82% of Americans think adult children living at home should pay rent (but only 35% of millennials do);
• 70% of Americans feel too many adult children are living with their parents to avoid responsibility (though, in the northeast, this number is only 63%);
• 51% of American parents believe that boomerang children prevent parents from moving on with their own lives;
• 24% of parents believe it’s okay for adult children to live at home for was long as children want; and
• 16% of men and 11% of women don’t think adult children should spend any time living at home after college.