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Since the economy crashed in 2008, I hear about so many people who lost everything and were forced to move in with their elderly parents. Without their parents to fall back on they would likely be homeless.
They lose their jobs, burn through their savings, then retirement accounts, lose their homes or don't have the money to pay rent, and become desperate. It appears that their only hope is to move back in with Mom and Dad.
Has this happened to you, family members or friends? Tell us your stories!
I know of no middle ages people who moved in with their elderly parents.
However, the reverse is common... where elderly parents move in to their kid's home.
I also know no middle aged people who "lost everything" because of 2008's economy. I know those who lost something, but they were nowhere near desperate.
I know a couple (55 yrs old) that lost their home (foreclosure) and moved in the woman's mom. They burned through all their savings/retirement trying to keep the house/pay bills and the husband had a few health problems that prevented him from working.
I don't know anyone personally,but it's highly feasible and could see it happening to my parents, who are 56. My maternal grandmother is still around and has had a paid for house for at least twenty years, and my parents struggle to pay basic bills. If one of them lost their job, I could see them losing the house and moving in with my grandmother. I would wager a lot of elderly are more stable than their 50s children who lost it all.
I know of one guy (in law's boyfriend) who had a child with SIL. Lost his job in the military because of failing certain tests (PT?) over a very generous time period. They moved SIL, my nephew and his 2 kids in with his mother in a very small room. Now he works part time and shows no sign of moving out, but he buys SIL relatively expensive gifts while expecting the extended family to provide meals and such for the children.
i personally would be beyond humiliated if i had to move back in with my parents and wouldn't spend a dime extra until I was out of their hair.
I'm not sure if some elderly people really mind a child moving back in. Many parents of middle aged children could use some help around the house and many have lost a spouse and probably wouldn't mind the company (I'm thinking 70+ people). They probably wouldn't mind seeing their grandbabies more also. A family around here built an odd looking house, but it looked odd because it was 3 seperate floors for 3 generations....apparently they all wanted to live together, but not totally together.
I don't know of anyone either...but I do know of a couple families that combined households to take care of elderly parents...but it wasn't really a financial issue other than the parent not really being able to afford assisted living.
I don't know any married middle aged people who have such financial issues that they have to move back in with Mom and Dad.
I know a few single middle aged people who still live with parents, but then they never actually moved out and lived on their own, so they don't count. I don't count being a slacker disinterested in working full time a "financial issue". More like a leech issue IMO.
I do know some younger people who continue to live with parents after they've finished school. Most are either looking for full time work or are just starting out, but a couple are leeches-in-training.
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