How to Get Your Kids to Step Off the Gravy Train

A surprising number of young adults live with their parents. Setting some financial ground rules could get the kids out on their own faster.

A mother and son have a serious talk while sitting next to each other on the sofa.
(Image credit: Getty Images)

Remember when we Baby Boomers grew up and knew that when we turned 18, we would be on our own financially? We either got a job or went off to college and basically left the nest. Of course, we went back home to visit and to sleep in our childhood bed. But we didn’t move back in.

Well, that doesn’t seem to be the case in today’s world. According to a study conducted by, many adult children return to the “empty” nest, and almost half of all adult children rely on their parents to help them financially.

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Neale Godfrey, Financial Literacy Expert
President & CEO, Children's Financial Network Inc.

Neale Godfrey is a New York Times #1 best-selling author of 27 books, which empower families (and their kids and grandkids) to take charge of their financial lives. Godfrey started her journey with The Chase Manhattan Bank, joining as one of the first female executives, and later became president of The First Women's Bank and founder of The First Children's Bank. Neale pioneered the topic of "kids and money," which took off after her 13 appearances on "The Oprah Winfrey Show."