Financial War Report:

Nearly Half of U.S. Adults under 30 Live With a Parent

Federal Reserve survey found 49% of adults less than 30 years of age have lived with a parent last year, up 12 percentage points from 2019. The driving forces are inflation, housing costs or rents, car payments, student debt, and AI-driven entry-level job cuts. This is a 12-point jump in just 6 years, suggesting household formation could be delayed for a generation.

Action Steps:

Build a one month emergency fund.

Pay off all debts; if going to school cash flow from a job as much as possible.

Put 15% into a Roth IRA (DYI’s favorite Vanguard).  You must start as early as possible building wealth for retirement longer if it is put off will require far more dollars invested to retire.

Build 3 months of pay emergency fund.

Build move out money investing in low volatile funds (Vanguard’s Wellesley Income Fund VWINX or The Permanent Portfolio Fund PRPFX).