When Will They Move Out?
Increasingly common for adult children to live at home
A Statistics Canada report shows the proportion of young adults aged 20 to 29 who live with their parents jumped from 27 per cent in 1981 to 42 per cent in 2011.
Nine of out 10 young adults who live with their parents said they do not help with household expenses, such as rent, taxes or utilities.
More than one half of young adults who belong to a visible minority group lived with their parents. The report found this was more common among Asian young adults. Among those who did not belong to a visible minority group, less than 40 per cent lived with their parents.
It is clear that is has become increasingly common for children in their twenties and thirties to live at home with their parents. The main driver of this trend is economics: as the costs of real estate and renting skyrocket, especially in places like Vancouver and Toronto, young people simply cannot afford to move out. There are reasons to be concerned about this growing trend of adult children still living at home.
Moving out is the best way for a young person to learn all those basic life skills that are taken for granted at home. The earlier in life a person learns the skills associated with being independent, the better equipped they will be to handle the tougher challenges later on in life – think marriage, mortgages, career, and kids.
Moving out also marks an important transition point in the relationship between parent and child. The parent is freed from the care-giver role and can be more like a friend. This is healthy for both the parent and child, as they can build new identities independent of each other.
So what do you think? Are there too many adult children living at home? At what age did you move out? How do you think this trend will affect the next generation?
This post was written by Happipad