MADISON, NJ -- (Marketwired) -- 08/13/13 -- According to a new survey of more than 2,000 Americans conducted by Coldwell Banker Real Estate and leading psychotherapist Dr. Robi Ludwig, Americans don't see eye to eye about the appropriate amount of time for adults to live with parents after college. The survey found that Americans ages 55 and older think it is acceptable for adults to live at home with their parents for as long as three years, while those ages 18 to 34 feel it is acceptable for adults to live at home with their parents for as long as five years.
Parents Not Ready to Let Go?
Parents as a whole, and particularly those who are younger, may be driving the trend of adults living at home for a longer period of time. According to the survey, millennial parents (ages 18 to 34) are fine with grown children living at home for up to six years after college, while older parents (ages 55 and older) believe they should be out of the house within four years of finishing college.
"In terms of transitioning into independent adulthood, it's almost as if 27 is the new 18," said Dr. Ludwig, who also serves as lifestyle correspondent for Coldwell Banker Real Estate LLC. "Living at home can be a great opportunity for young adults who need some time to get on their feet, but it's only beneficial if the time is used wisely. Our twenties are a very crucial time because the decisions we make and the lessons we learn then influence who we become as adults."
The Two Extremes of Boomerang Kids
Dr. Ludwig explains there are two extremes when analyzing the behaviors of adult children living at home: those who regress, delaying their development into independent adults, and those who are able to continue their transition into full adulthood by living at home with a purpose.
In either case, the acceptance of adults living at home has its limits. According to the survey, more than two in three Americans (70 percent) believe that too many adults living at home with their parents are avoiding responsibility, and nearly an equal proportion (65 percent) believe too many young adults who live at home after finishing college are overstaying their welcome.
Additional Survey Findings
•It's not for everybody: While Americans are largely accepting of this living arrangement, the survey revealed that nearly one in seven Americans (13 percent) believe adults should never live at home with their parents. •Living at home affects mom and dad: More than half of Americans (57 percent) believe that when children return home after graduating from college, it prevents their parents from moving on with their lives. •Living at home with a purpose: Four in five Americans (80 percent) believe that it's okay for adult children to live at home if they are saving money to buy their own home.
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