Millennials Still Slow to Leave the Nest

As the economy improves and the job market recovers, experts anticipated that boomerang millennials would move out of their old bedrooms and start living on their own. But that prediction has not become a reality: The country’s 18- to 34-year-olds are less likely to be living independently today than they were in the depths of the Great Recession. A new demographic analysis by the Pew Research Center found that while the population of millennials has increased by 3 million since …

The Truth About Your Adult Child’s First Year After College Graduation

They’re back! With costly college diploma in hand, thousands of 20-somethings have returned to the nest. Some will be starting jobs, while others ponder their next move. No matter which category, odds are most parents will provide some financial support to their adult child for a year or two — or more. A recent Upromise Sallie Mae poll found that 65 percent of parents expect to support their children for up to five years after college graduation, including those with …

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,” …