How to set up a contract for adult kids returning home

In Australia, as in the rest of the world, adult children are living at home longer — and when they do leave, they’re quite likely to “boomerang” home within one to four years. In fact, according to the Australian Bureau of Statistics, 54% of 25- to 29-year-olds who live at home were out of the nest at some point, and 8% of 30- to 34-year-olds still live at home!

That prompted Murray Olds and Murray Wilson from Radio 2UE Sydney to give me a call this afternoon to talk aboutĀ  rules for adult children living at home. I talked to them about the importance of creating a contract or living agreement for adult children moving home. They’ve got the whole interview (about 5 minutes) posted on their website, and you can check it out here.