Seniors displaced after Yarmouth fire | SaltWire #fire #yarmouth #seniors #newsNEW YORK - If you are a new graduate trying to move away from home and get your start in life: Sorry.
“It is little bit surprising, because I didn’t realize the numbers were so substantial,” said Alex Gonzalez, a financial advisor for Thrivent in Bloomington, Minnesota. “But it is certainly understandable that parents would help their kids get started in life," adds Gonzalez, who is, incidentally, the parent of two boomerang kids.
“Perhaps the child is charged for rent and utilities, but at a discounted rate that helps both parties involved,” suggests Andrew Herzog, a financial planner in Plano, Texas. “I know someone who has moved back in with her parents while she works her full-time teaching job, saves a tremendous amount of money in the meantime and pays some rent to grow accustomed to living expenses.”A boomerang can go wrong when expectations on both sides are very different and resentments start to build up.
“Kids must have strict accountability measures because, too often, they take advantage of their parents," Folkes said."Without proper boundaries, this situation can become a form of enabling.”If a boomerang involves little more than occupying a spare room that is already there, that is one thing.
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