When Millennials Move Back Home – Quoted at The Wall Street Journal

I was recently quoted in a recent article by Anne Tergesen at The Wall Street Journal about the growing phenomenon of Millennials returning home to live with their parents after college. For parents, a child’s return often means an increased financial burden, just as the parents may be struggling to meet their own savings and retirement goals.

In addition, there’s the risk that young adults who are still financially dependent on their parents will fail to develop skills necessary to achieving financial independence. Parents who continue to help with an adult child’s expenses can enable a lifestyle the child otherwise wouldn’t be able to afford, says Sheila Padden, a financial adviser in Chicago.

Click here for the full article at the Wall Street Journal.