When should adult children move out of the home? This is a question that parents often grapple with.
There are many reasons why adult kids are living at home longer today than any other generation did. Even before Covid-19 “boomerang” adult kids were returning to the family home, but now the trend has sharply increased.
Around 57% of men and 54% of women aged 18 to 29 lived with one or both parents in 2017, up from 47% and 36% in 2001, according to the long-running Housing Income and Labour Dynamics (HILDA) survey that tracks 17,500 people in 9500 households over almost 20 years.
“Of course, the cost of housing is a big factor, and it’s been rising faster than inflation and incomes,” says Roger Wilkins, deputy director of research, and Esperanza Vera-Toscano, a senior research fellow at the University of Melbourne, as mentioned on The Conversation.
The other setback for adult kids is that it is getting harder to secure full-time, ongoing secure jobs, and part-time work is more common, say Wilkins and Vera-Toscano. Young people tend to work in sectors where jobs have been wiped out, including travel, retail, and hospitality.
هذه القصة مأخوذة من طبعة December / January 2021 من Money Magazine Australia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December / January 2021 من Money Magazine Australia.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.
