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The study, conducted by researchers at the University of Melbourne, concluded that the changing nature of family living situations often led to avoidable conflict. Associate Professor Cassandra Szoeke and Katherine Burn, from the University's Faculty of Medicine, Health and Dentistry Sciences, examined both 'boomerang kids' (those who return home) and 'failure to launch' kids (those who never left).
The project reviewed 20 studies involving 20 million people worldwide was published in Maturitas. The research shows:
The shifting economic climate and changes in social norms were driving the phenomenon of kids staying at home for longer.
The main reasons for young adults choosing to remain at home were for stability and additional support while they transition to university or employment.
Divorce, unemployment and health problems often led to children returning. This return under negative circumstances can heavily impact on the wellbeing of everyone in the household.
Parents who are well-educated, married and well-off tend to have children who stay home longer, whereas children who grow up in households with a single parent, or step-parent, or didn't finish high school, tend to leave early.
http://phys.org/news/2015-11-young-adults-boomerang-home.html
[Also Covered By]: http://www.eurekalert.org/pub_releases/2015-11/uom-mya111115.php
(Score: 4, Insightful) by scruffybeard on Friday November 13 2015, @03:26PM
My mom lives with ME! It just better for tax purposes that she keeps the house titled in her name. As well as the electric and water bills.
(Score: 3, Insightful) by GlennC on Friday November 13 2015, @06:02PM
It just better for tax purposes that she keeps the house titled in her name.
For now, it probably is. However, make sure the title gets transferred to you before she has to go on Medicare (assuming you're in the US). Otherwise, you'll be in for a rude awakening.
Sorry folks...the world is bigger and more varied than you want it to be. Deal with it.
(Score: 1, Informative) by Anonymous Coward on Friday November 13 2015, @08:18PM
Medicare? Medicare doesn't care about assets and the like. I think what you are thinking about is Medicaid.
Medicaid is means-tested and the way most people pay for their long-term care. Now that can be a nasty surprise as you have to spend yourself into a certain level of poverty before that kicks in. Even then, they get to do "asset recovery" by filing a claim against the estate. However, rather than simply titling the property over (with the gift look back period and all that), I usually recommend joint tenancy with right of survivorship instead OR doing a live-in caretaker agreement with property transfer. If you are going transfer the house outright, it is better to have a proper lease in place so the parent living there isn't a monthly and reoccurring gift.
(Score: 1) by nitehawk214 on Friday November 13 2015, @08:21PM
Even if you don't have it transferred, they will try to repossess the house she lives in, even if it is in your name and has never been in her name.
Medical expenses set me back $20k on a house that I owned outright with my own money years before she moved in. They were simply incredulous that a guy in his 30's could possibly not have a mortgage or any debt.
"Don't you ever miss the days when you used to be nostalgic?" -Loiosh