Are Millennials Becoming a Generation of Renters?

In the aftermath of the 2008 recession, boomer parents were besieged by millennial children boomeranging home to reclaim an old bedroom. Now our adult children are leaving the nest once again as they find work and perhaps a significant other. But where are they moving? And are the making the leap to homeowner? For decades, after a sojourn in the city, young adults typically headed to suburbia with their growing families for a better lifestyle. However, while millennials flocked to …

The Ebb and Flow of the Empty Nest

A few days ago my husband and I dragged six heavy containers of holiday ornaments into storage. While I was happy to have that chore done once again, the house looked bare. It wasn’t only the decorations. The kids had gone back to their own homes and lives, leaving a few reminders behind: a half-empty bag of kale and some bottles of light beer in the fridge. I soon realized, though, that others shared the postholiday empty nest blues. “And …

Trending: The Empty Nest

A month has passed since the dorm drop-off, maybe several if your high school grad had other plans, and quiet fills the empty nest. While some parents quickly adjust, others struggle, and for them there’s a cottage industry of books and blogs, even Pinterest pages. The phrase “empty nest” produces more than 3 million hits in Google search. This certainly isn’t our parents’ empty nest where boomers headed off and never looked back. While there’s much advice on coping with …

Tips for Empty Nesters on Selling the Family Home

Last spring Cathy and Gary Chester put their ranch home in Morris County, N.J., on the market. Come August, the house is unsold and Cathy admits that she’s enjoying another summer in the home that the couple built 21 years ago. What saddens her is the prospect of closing a chapter in her life. “This is where – young, married, pregnant with my son – I started a new part of my life that ends when I sell the house,” …

Why More Generations Are Living Under One Roof

So much for the empty nest. For decades, older Americans have shared the same roof with their adult children. Since the recession, millennials started boomeranging home, and staying and staying, often into their early 30s. In 2012, in fact, a record 57 million Americans – or 18.1 percent of the nation’s population – lived in multigenerational family households. That’s double the number in 1980, according to a new Pew Research Center study. >> Sign up for the AARP Money newsletter The multigenerational …

Why Your College Grad Moved Back Home

At a party last weekend, I met a new college grad who had just moved back home. His plans: a camp counselor job this summer followed by a teaching assistant job come fall. Over the next year or so he plans to save money and figure out his future; maybe an M.S. in social work or a Ph.D. in psychology. He was looking forward to reconnecting with his parents after four years away. “It’s the last time I’ll live at …