Adult Child At HomeMost people at some point in their lives have rented an apartment or a house to live in. When the rental is in the community, and except when we have lived with parents or other family members, generally the resident must sign a lease. Those times may be changing.

Last year a former client referred his mother to us so we could help her create an estate plan consisting of a will, durable personal power of attorney, advance health care directive and a declaration of disposition of last remains. This client, however, had one more need because she had an adult child moving back into her home.

Now we may be adding a fifth document to the planning process. Especially during and after the Great Recession, many clients had adult children moving home, sometimes with their spouses and children. And when those adult children and families stayed too long, it was not always easy to get them to leave. Calling upon one of our colleagues who practices landlord tenant law, we learned that others must also have clients with adult children moving home. Bill had developed a lease package for adults living in the home of another. The lease allowed the home owner to evict the tenants when the terms of the lease were not met. Thanks to William Brady, Esq. for filling a developing need.


Recent studies show that one in five people in their 20’s and early 30’s is currently living with his or her parents, and 60 percent of all young adults receive financial support from them. That’s a significant increase from a generation ago, when only one in 10 young adults moved back home and few received financial support. College graduates who were born in the late 1980’s and early 1990’s graduated college when the housing and financial markets were imploding. This has left many young people with staggering amounts of college debt and, in many cases, unemployment or underemployment, leaving them unable to pay off their debt while living on their own. Other changes in the global workforce, in technology and in the widening gap between the wealthy and the poor have also contributed to the rise in adult children moving back home.

Adult ChildIt has been taken for granted that each new American generation would become richer than the last, but that is not the case now. A few will earn much more than their parents, but the vast majority of young people will fall behind. Not even a college degree will remedy this by itself. In the 1970’s only one in ten people had a four year degree and most of the population had stable, well paid careers. Now more than 30 percent of young people have four year degrees yet most of them will be unable to live independently and pay their debts at the same time.

Leave Comment

Your email address will not be published. Required fields are marked *