#3 - Millennials Don't Live At Home Because They Love It There
They're not crybabies who can't take care of themselves. They don't need Mom to make them a sandwich, even if mine still says I make them better. The problem isn't motivation or excessive coddling. The problem is money.
Entry level wages, often earned by millennials because of their inexperience or full-time study, is not enough to support them living on their own, especially in metropolitan areas.
According to Abodo, an apartment listing service and the Orange County Register, median rent in the area in 2015 was $1,348—while the median millennials’ monthly income is $1,975. That's 68%! So much for that 30% rule of thumb we were told growing up and that slim margin doesn't leave room for error. Goodbye security, hello financial stress! At least our kids have the good sense to stay home and save.
ADVERTISEMENTSource: Forbes | Ocregister
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