GREENSBORO, N.C. — Soaring rents, skyrocketing food prices, and a shaky economy… It's a recipe for young adults to reconsider that "adulting" thing. In growing numbers, millennials and Gen Z are boomeranging back home, seeking refuge under the familiar roof of mom and dad. But before the boxes are unpacked, there's crucial homework to do. This is what Blanca Cobb, who has a master's degree in psychology, and I are talking about this morning. Here's how to avoid turning this financial U-turn into a family fender-bender.
Even though it seems like a good idea, there can be potential hurdles between parents and their adult child coming back home temporarily. Some adult kids might feel like a burden, fear losing their independence, and possibly feel awkward about re-entering "old rules" territory and feel like a failure. Some parents might be worried about adjusting to living together again and have financial concerns about having their adult child back home.
It's important to talk about everything before your adult child moves back home. Talk about finances, chores, boundaries, and even guest policies. We set clear expectations to avoid misunderstandings. Understand your adult child's plan for getting back on their feet and moving on their own.
Here are a few things to consider to avoid burnout from having your adult child back home. Parents are used to doing so much for their children, mainly when they are young. Realize that your child is an adult now and can do many things for themselves even if they don't want to. For example, don't feel like you have to cook, clean, and wash their laundry. They can get the remote control themselves or clean their own dishes.
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