This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Two everyday situations happening today
More and more grown adults are moving back in with their parents, but we also have to consider the flip side with more parents moving in with their kids.
We can now see many new homes built with casitas or next-gen suites to accommodate extended family living.
Why Is Family Moving Back In With Each Other?
For this conversation, we will not include families traditionally living with each other due to cultural norms.
Adult Kids Moving Back With the Parents
Some of the reasons adult kids are moving back in with their parents include:
Inflation
They can’t keep a stable job
They don’t have any savings
They don’t earn enough income
They don’t know how to manage their money
For adult kids, you have time on your side to get it right and change your situation, so you don’t have to rely on your parents to support your adult self.
However, you will need to implement some healthy financial habits.
Try Roommates
If you cannot support yourself, consider getting a roommate or roommates if you genuinely don’t desire to live with your parents and also to decrease your expenses. It doesn’t have to be permanent.
Get A Second Or Third Job
If your one job doesn’t provide enough income, get a second or third part-time gig.
Invest
If you’re in a bad financial situation, you likely don’t have any savings. The quickest way to accommodate this is to start investing and saving – even if that means you only have $10 to spare. Starting with something is always better than starting with nothing.
Parents Moving In With Their Kids
Some of the reasons parents are moving back in with their kids include:
Old age.
Inflation.
Health reasons.
Unhealthy reliance on social security.
They don’t earn enough income to support themselves.
They have a lot of debts that they’re struggling to manage.
They don’t have a stable income or no longer have a thriving career.
They didn’t prioritize saving and investing for their future. Therefore, they do not have any savings or enough saved up.
Set Boundaries With Your Kids
Too frequently, parents sacrifice their financial well-being for their kids.
The only way to remedy this is to stop doing it, but for many parents, they have a late start to the investing game, which is frequently after all the kids have finally moved out of the house.
“Hip, Hip, Hooray!” is the sentiment some parents may feel after their kids move out, but not for their money since they haven’t saved or invested anything or are nowhere near where they should be.
If you still have kids, you can start setting aside money for your future, so you can support yourselves and even help your kids if they need it.
Most importantly, you can maintain financial dependence instead of relying on others to care for you.
Never Retire
Instead of retiring, stay active. Keep working and doing something you enjoy. The beauty of never retiring is you keep your mind, body, and pockets active, strong, and healthy. You also increase your likelihood of maintaining financial independence.
Parents, Stop Putting off Retirement Saving For “The Kids”
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.