Young Adults Living at Home May Suffer Professionally
Young Adults Living at Home May Suffer Professionally November 20, 2018 Young adults who are given financial help from their parents to live independently instead of living rent-free at their parents’ home tend to do better professionally, according to a study published in August in the Journal of Youth and Adolescence . Sociologist Anna Manzoni, the study’s author and an associate professor at North Carolina State University, studied about 7,500 young adults between the ages of 18 to 28. College graduates who received money from their parents—for paying bills or for having cash—tended to do better professionally than those who lived at home with their parents. Graduates who received the highest amount of cash from their parents—$15,000 a year or more—but lived on their own tended to thrive the most in their careers, Manzoni found. Such graduates ranked six points higher on a scale of occupational status than graduates who received little or no financial help from...