Half of Young Adults Still Live at Home | Money Moves with Jill Schlesinger
Summary
Half of American adults under 30 are currently living with their parents. Experts discuss whether this is a long-term trend or a short-term effect of the current housing market and offer financial advice for young adults in this situation.Key Facts
- 50% of young adults under age 30 live at home with their parents.
- This situation may be influenced by today's housing market conditions.
- Financial expert Jill Schlesinger suggests young adults should contribute money while living with their parents.
- A financial advisor named Mark warns that focusing too much on reducing taxes can cause costly mistakes in investing.
- Jill also gives advice on how friends with different incomes can fairly split expenses like dinners, vacations, and group activities.
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