Money Fix: Young adults living at home
Setting house rules is important for adult children returning to live at home, experts say. Credit: iStock
What Long Island parents may know already the U.S. Census Bureau has confirmed: More young adults are living at home.
The Bureau reported that the percentage of young men ages 25 to 34 bunking in with mom and dad rose from 14 percent in 2005 to 19 percent in 2011. Make that a jump from 8 percent to 10 percent for young women.
Here are suggestions from Roberta Schroder, acting vice president of academic affairs at Nassau Community College, on addressing the dicey financial issues.
Schroder says the older working students she knows who are happiest living at home are paying some rent and, perhaps, a cable or electric bill. Unemployed kids who are job-hunting can help by taking on extra chores and do volunteer work to enhance their skills.
'A million years isn't enough' NewsdayTV goes behind the scenes of the day Rex Heuermann was sentenced for the Gilgo killings.
