Archive for April 9th, 2012

April 9, 2012

No shame in living at home after college (usually)

by Grace

Young adults living with their parents is on the rise, but it’s not always a bad thing.

“Few are proud to carry the stigma of a ‘boomerang kid’ — someone who moves back in with their parents after failing to make ends meet on their own. But the move makes a lot of financial sense, and could serve as a springboard that can get boomerang kids off to a flying start when they head back out into the cruel world.

Amanda Grad Meets World justifies boomeranging, describing how the plan is working for her. Thanks to help from her parents, she’s able to plot out her career without burying herself in debt.

‘Think about it — how many of you would rather be in debt up to your eyeballs instead of having the ability to put money away in the bank? How many of you would rather struggle, and I mean really struggle, during a Recession rather than taking it easy and trying to do things the smart way?

On the other hand, there are lessons to be learned  from early struggles that may prove valuable in the years ahead.  Let me put it this way.  Surviving hard times by depending on your own resources, both personal and financial, can help you gain the confidence that will buoy your chances of success during the next difficult episode in your life.  Because you know there will be more, right?

But it’s also true that  sometimes those rough early struggles can break your spirit, weaken your confidence, and set you back financially in a way that is difficult to recover from.

I am open to the possibility that my own kids will boomerang back home at some point, and I would be happy to help them if this happens.  However, I’ve seen unhappy, dysfunctional  cases of slacker kids postponing adulthood indefinitely while being enabled  by weak-willed parents.  I don’t want to fall into that trap.

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