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Mother, Can You Spare a Room?
The Wall Street Journal ^ | May 3, 2013 | KIRSTEN GRIND

Posted on 05/05/2013 1:47:55 PM PDT by MinorityRepublican

As Rachel Zahn's three children were growing up, she liked to warn them, half jokingly, not to overstay their welcome. "Checkout time at this hotel is age 18," the 56-year-old nonprofit director would tell them.

It hasn't worked out that way. A year and a half ago, Ms. Zahn's oldest son, Sam, 25, asked if he could move back to the family's home in Solana Beach, Calif.—near San Diego—with his girlfriend in tow. He wanted to save money when attending graduate school while his girlfriend worked full-time.

Ms. Zahn and her husband agreed. Sam and his girlfriend moved into his old bedroom.

"We made that decision to let him save money," Ms. Zahn says. "The cost of living in San Diego is crazy."

The Zahns are hardly alone. As an expected 1.8 million college graduates descend on the real world this month and next, many of them will move back in with their parents. The trend is keeping the graduates from assuming responsibility for their own finances.

Parents, meanwhile, are finding themselves stuck caring for children, sometimes for much longer than they planned, with no exit plan in sight—often damaging their own financial health and retirement savings.

Financial advisers say hosting an adult age child back at home can cost between $8,000 a year to $18,000 a year, depending on how much parents are shelling out for extras like travel and entertainment.

(Excerpt) Read more at online.wsj.com ...


TOPICS: News/Current Events
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1 posted on 05/05/2013 1:47:55 PM PDT by MinorityRepublican
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To: MinorityRepublican

2 posted on 05/05/2013 1:53:51 PM PDT by MinorityRepublican
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To: MinorityRepublican

A bed, maybe, but “travel and entertainment”??? These people must be wearing tee shirts with “Door Mat” on them.


3 posted on 05/05/2013 1:54:02 PM PDT by txrefugee
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To: MinorityRepublican

Sam Zahn?


4 posted on 05/05/2013 1:56:32 PM PDT by hiho hiho
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To: MinorityRepublican
"...depending on how much parents are shelling out for extras like travel and entertainment."

How about zero? The economy is terrible, the cost of living is through the roof and it is completely understandable that these days that people won't be able to be self-sufficient the day they get out of college.

But the idea of parents paying for things like travel and entertainment is beyond ridiculous. If I found myself in such a situation I'd be grateful to be given a place to stay (I'd also expect to pay rent along with doing whatever chores I was responsible for while living at home before). I can't imagine expecting to be entertained at parents expense.

5 posted on 05/05/2013 1:56:37 PM PDT by Wyrd bi ful ard (Gone Galt, 11/07/12----No king but Christ! Don't tread on me!)
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To: txrefugee

That was exactly my thought. Lend you something I already have and am not using so you can get a leg up, assuming you have a plan and a timeline, sure. Buy you stuff (even food), like you’re still my minor child? Not so much.


6 posted on 05/05/2013 1:57:06 PM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: MinorityRepublican
It hasn't worked out that way. A year and a half ago, Ms. Zahn's oldest son, Sam, 25, asked if he could move back to the family's home in Solana Beach, Calif.—near San Diego—with his girlfriend in tow. He wanted to save money when attending graduate school while his girlfriend worked full-time.

Not only no but **** NO!

You can live in amoral sin on your own dime sonny boy.

I will not sanction your sin with my willing acceptance and financial support.

7 posted on 05/05/2013 1:57:14 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: Pontiac

A boyfriend or girlfriend living in my house?
No way in hell.


8 posted on 05/05/2013 2:00:38 PM PDT by CaptainK (...please make it stop. Shake a can of pennies at it.)
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To: MinorityRepublican

Any adult child of mine would find a home with us - under certain conditions.

Must be working and contributing to the household expenses (he or she can work at Burger King until the “right” job comes along, too), or is ill or has sustained injuries and needs help.

No live-in “friends,” either!


9 posted on 05/05/2013 2:02:45 PM PDT by GSD Lover
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To: MinorityRepublican
I have two adult children living at home, one moved back in because she simply could not afford to go it alone...she was "borrowing" a $100.00 a month just to eat, the other is about to turn 22...

Both work and both pay rent and do chores and most DEFINITELY are not allowed to have the opposite sex living here or even staying the night...

10 posted on 05/05/2013 2:03:32 PM PDT by Popman (Godlessness is always the first step to the concentration camp.)
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To: MinorityRepublican
There should not be any "shelling out" or "extras".

Unemployment/underemployment is understandable but it needs to be taken seriously. If you are living in your parents' home at 25+ then it should be expected that every minute is spent job searching,working part time, and studying in preparation for the next degree.
11 posted on 05/05/2013 2:03:51 PM PDT by Wanderer99
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To: MinorityRepublican

Maybe have the son move back in. But also girlfriend? No way.


12 posted on 05/05/2013 2:04:06 PM PDT by apocalypto
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To: MinorityRepublican
I'm 28 and the only reason I rent a room in my parents' house is so that I can save up the $40,000 for a post bac and the $200,000 for medical school. Suffice to say it is an investment on their part.

If you are an adult living 'at home' then there should be no fun whatsoever.
13 posted on 05/05/2013 2:07:45 PM PDT by Wanderer99
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To: MinorityRepublican
shelling out for extras like travel and entertainment.

LOL...T&E!....not even a tax write off for these idiot parents

14 posted on 05/05/2013 2:07:45 PM PDT by Popman (Godlessness is always the first step to the concentration camp.)
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To: Popman
An acquaintance of mine recently moved back into his parents home (he is 23). He pays rent, which for some reason he thinks entitles him to do whatever the hell he feels like (as in, "I pay rent which makes you my landlord, hence you cannot tell me anything.")

He constantly whines that "he's an adult" and his parents "have no right to pry into the life of another adult." The fact that he lives in their house doesn't seem to factor into his foolish thinking. Never mind members of the opposite sex staying the night, they've told him that he is not to date while living in their home, because dating should only be to lead to marriage, and a chump living in his parents attic obviously isn't in a position to drop down on one knee.

There is a such a sense of entitlement among younger people these days...It makes me worry about how America is going to defend itself with so many weak-kneed, gutless adult-babies.

15 posted on 05/05/2013 2:14:22 PM PDT by Wyrd bi ful ard (Gone Galt, 11/07/12----No king but Christ! Don't tread on me!)
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To: MinorityRepublican

Oh, what a blessing it has been for me and Mrs. Repeal for the last two years.

After struggling though some financial and job misfortunes,
our middle child, his wife, and their two kids moved in with us.

They have gotten back on their feet and will soon be moving out on their own.

These last two years of watching my grand kids grow up has been marvelous.

I would not have traded it for anything in the world.


16 posted on 05/05/2013 2:14:34 PM PDT by Repeal The 17th (We have met the enemy and he is us.)
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To: Wanderer99

I’m 29 and I’ve been living on my own since 18. I have a few childhood friends who still lives at home with their parents. I blame their parents because they are enabling them to stay at home. My parents never made it comfortable for me and my two brothers so we all left home as soon as we turned 18.


17 posted on 05/05/2013 2:14:41 PM PDT by MinorityRepublican
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To: MinorityRepublican
He wanted to save money when attending graduate school while his girlfriend worked full-time.

And how much additional debt is he racking up to pay for grad school? How many more years will he be unable to support himself because he is paying off student loans? No mention of what he's studying, but if he can't get a job with a 4 year degree, will his outlook be better with a Masters or PHD? But since mom is a "nonprofit director" she probably shares the liberal fetish for higher eduction, regardless of the cost and benefits thereof.

18 posted on 05/05/2013 2:16:48 PM PDT by Hugin
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To: Hugin

He can still work while attending graduate school. He just doesn’t want to work.


19 posted on 05/05/2013 2:18:08 PM PDT by AppyPappy (You never see a massacre at a gun show.)
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To: Wyrd bið ful aræd
There is a such a sense of entitlement among younger people these days...It makes me worry about how America is going to defend itself with so many weak-kneed, gutless adult-babies.

I see the same thing among my acquanitances/friends. Personally, I think Baby Boomers need to toughen up when it comes to parenting their (adult!) children.

20 posted on 05/05/2013 2:19:07 PM PDT by MinorityRepublican
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