A TD Ameritrade survey found both young Millennials and parents agreed on 28 as the answer to the question, ” At what age would you consider it embarrassing for an adult child to still be living with their parent(s)? “
For the Gen Z generation, that age starts a year earlier at 27.
For those Millennials planning to leave home go to college, roughly half of them plan to come back home to live for a while once they graduate.
Interestingly, nearly 82 percent of parents surveyed said they would welcome their kids back home in that scenario.
Why come home to live after graduation?
Most say to help offset their student debt — most expect they will live rent-free in their homes. Parents agree.
Despite the kids coming back home, most parents surveyed expect to be “empty nesters” by the time they reach 50. Further, the average age at which the parents will retire is 61, according to the poll.
Further down the road of life, parents and their children disagree on whether or not the young will be caring for the old.
While 81 percent of Young Millennials and Gen Zers think they will be supporting their parents financially or providing housing in their old age, only 32 percent of parents think that way. The majority believe they will be independently taking care of themselves.
You can read the complete survey here.