WHEN ERIKA AND CODY ARCHIE posted a video to TikTok explaining how they would be charging their then-18-year-old daughter Kylee rent, the reaction was split. One commenter called it a "punishment." Another said: "I don't see anything wrong with it. It helps them learn responsibility." While a third added: "Hell no, that's their home."
The footage ended up going viral, receiving over 700,000 views. Despite the mixed response, Cody is sure they've made the right decision.
"This is our way of preparing her and making sure she knows that things aren't free," he tells Newsweek. "Part of becoming an adult is knowing that you have to either pay rent or you'll have a house payment. Our hope is that by doing all this, we're preparing her for the world." In the video, though, he was more blunt. "Two bucks a month is plenty cheap to live like a grub in your parents' house."
According to recent figures from the U.S. Census Bureau, 58 percent of 18 to 24-year-olds are living with their parents. While staying at home has benefits for young people-such as allowing them to pay off their debts or save-having an extra person under their roof means higher costs for parents.
A recent poll conducted by Redfield & Wilton Strategies for Newsweek asked 1,500 U.S. adults their thoughts on parents charging their adult children rent. Around 57 percent said that a 20-something moving back home should pay for the privilege, even if their parents "do not need the money." Only 28 percent felt that adult children should live rent-free.
A study conducted by Lending Tree produced similar results. While 85 percent of parents surveyed said they'd let their adult children move home, 73 percent would charge them rent.
Esta historia es de la edición April 28 - May 05, 2023 (Double Issue) de Newsweek US.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 28 - May 05, 2023 (Double Issue) de Newsweek US.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
An Ecstatic Anniversary
Sarah McLachlan is touring this summer, 30 years after the release of ‘Fumbling Towards Ecstasy,' the album that made her a star
'WE ARE FACING THE MOST COMPLEX SECURITY ENVIRONMENT SINCE - WORLD WAR II'
Japan's prime minister on security, diplomacy and protecting the rule of law at home, in Asia and around the world
JAPAN'S CALL TO ARMS
As the 'peace-loving nation' doubles its defense spending, Prime Minister FUMIO KISHIDA explains why it needs to take an assertive stance to counter China and North Korea
Red Cows, Gaza and the End of the World
As the Israel-Hamas war rages on, the Third Temple movement is ramping up its bid to reclaim a contested holy site in Jerusalem currently home to ancient Islamic shrines
The States Keeping Their Children Hungry
The Summer Electronic Benefit Transfer could help feed millions of children in households experiencing food insecurity, yet 13 states have declined to participate in the program
The Secret to Being an ADHD Whisperer
Loosening up and ceding control are some of the most important strategies for making life easier for a neurodiverse loved one
Fertility Clinics 2024
FOR THOSE LOOKING TO EXPAN D THEIR FAMILIES, FERTILITY CLINICS CAN BE A VITAL OPTION
'I AM ALWAYS IN THE MOMENT'
India's prime minister on his goals, his critics and his 'god-gifted' ability to listen
MODI'S MOMENT
INDIA'S LEADER is SHAPING the COUNTRY in his OWN ASSERTIVE IMAGE
Resurgence of Global Mayhem
While the world watches Gaza, ISIS is gaining strength and momentum, building networks and preparing for strikes worldwide