Should you charge rent when your adult kid moves back in? – The Wall Street Journal
It's starting to look like the period from the 1960s to the early 2000s was an aberration – a golden age that we've now left behind. Since those happy years, homeownership rates have fallen among young people around the world. Jobs have become harder to find and they pay less in inflation-adjusted terms. Bachelor's degrees have become mandatory for many jobs, putting more financial pressure on young people, who may be forced to take out student loans. From the US to Europe to South Africa, it's getting harder and harder for young people to launch their lives. The result is that more and more young people are moving back in with their parents. Usually, it happens when the adult kid loses a job, ends a romantic relationship, or graduates from university, but many other circumstances can force kids back home. This leaves parents with a conundrum. They may be sympathetic to the challenges their adult kid is facing, but they also want to encourage the adult child to take responsibility and move out. Which leads to a conundrum: Should you charge rent? This WSJ article says yes, within reason. – Felicity Duncan
Charging rent when your adult kid moves home
By Beth DeCarbo
(The Wall Street Journal) It's graduation season again. College students will don their best flip-flops to walk across the stage and accept their diplomas. Then they're ready for their next big move…back home.
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