New research by MetLife shows that 25% of adults over 50 have children aged 18 or older living at home. Here are some of the other findings from the report:
- 43% of adults living at home pay absolutely no rent and do not contribute financially to the household in any way
- Parents are spending about 3,700 pounds a year (about $6,000) to feed and house their adult children living at home
- 21% of parents lend money to adult children (an average of 2,600 pounds, or $4,200) even after they leave home
I’m a huge advocate for adult children making a financial contribution to the household when they live at home (I explain why in this video), so it’s troublesome to see once again that so many parents have adult children living at home absolutely rent-free.