8:04 AM, May 4, 2012
Unable to find well-paying work in a weak economy, escalating numbers of young adults are returning home to the family nest. According to a recent Pew Research Center report, 61% of adults ages 25 to 34, say they have friends or family members who have moved back in with their parents because of economic conditions. If you're the parent of a grown kid who is moving back home, how do you manage expectations around the new living arrangement and how do you minimize the financial impact to you. Here are some tips for when your adult child returns to the nest.