We’ve all had a good chuckle seeing #adulting and #failuretolaunch on social media, describing the difficulty some millennials have adjusting to adulthood. But the numbers behind the hashtags aren’t funny. For the first time in 130 years, an 18-34-year-old is more likely to be living at home with his or her parents than to be living with a spouse or partner. Incredibly, 25% of adults aged 25-29 are still living at home.
No one is teaching your kids basic savings strategies, budgeting, or retirement planning in school. This is one of those areas where parents have to take it upon themselves to educate their children and help provide for their futures.
On today’s show, we speak both as parents and as financial professionals as we discuss some practical tips and strategies to educate your kids about their money.
