Filed under: Personal Finance
From Jezebel:
On the Today show this morning, Matt Lauer reported that sixty percent of baby boomer parents are offering some kind of financial support to their adult children. The piece hit home for me, since, after 10+ years of living alone, I'm considering temporarily moving in with my mom.
Whether you're young, just out of school and looking for work or older and suffering a financial setback, turning to your parents for help can be a complicated and emotional situation. Just because something makes perfect fiscal sense doesn't mean your heart, soul and ego are ready to accept it.
After years of living autonomously, to ask your parents for a loan - or return to living with them - can be feel like failure, with a dash of embarrassment and defeat. If you've seen the movie, you know that returning home is considered hitting rock bottom in 'Bridesmaids.'
Read more here.