Living and Saving as a Millennial Living with Your Parents
The
generation of the internet age is one of the largest and most diverse in the U.S. Although
Millennials have been defined by a relationship to technology, the generation has
been steadily redefining adulthood. Millennials have adapted and endured in a post-recession
economy, their social and global values have inspired change in the labor market,
and now one-third of Millennials are living in a parent’s home.
For
the first time in the Modern Era, this is the most common living
arrangement
for 18 to 34-year-olds. This new normal has not come without its challenges.
Many are saddled with student loans, consumer debt, and a serious lack of
savings – both emergency and retirement. The silver lining? Living at home
provides some much desired financial breathing room, just when it’s needed
most.
If
you’re a Millennial about to move back in with your folks, who has been living
at home for a while, or is looking for a launching pad to independence, here
are a few tips to help you make the most of your time at home:
