FAMILY MONEY Susan Hely
"He’s 18. He’s finished school. I’ve done my job to get him there. It’s up to him now,” a friend of mine told me recently.
I understood where she was coming from, but my experience is that parents are still involved - particularly financially - in the next phase of their kid’s life from 18 up to when they establish themselves in the workforce. Most likely she will have him living at home for several more years.
In fact, even after your kids have finished studying, they may still be living at home, according to census data. Around 50% of all 20- to 24-year-olds still live