Adult children
Coverage of Adult children in the Nexus archive.
- America’s homeownership rate may not be what you think
The U.S. homeownership rate may be overstated when measured by homes rather than individuals. A traditional measure counts 65% of occupied homes as owner-occupied, while the Homeowners-to-Population Ratio (HPOP) shows only 53% of adults own homes, excluding those living in owner-occupied homes without personal ownership. Shifts in homeownership patterns, such as younger adults struggling to buy homes and older adults staying longer, contribute to the disparity.
- Parents increasingly track adult children with apps, raising questions about privacy and trust
Parents are increasingly using smartphone apps to monitor their adult children, a practice viewed by some as enhancing safety but by others as an invasion of privacy. The trend raises questions about privacy and trust within families.
- Half of parents across the country are tracking their adult children’s location
A study by C.S. Mott Childrens Hospital found that over half of parents track their 18-25-year-old children's locations digitally, citing peace of mind and emergency preparedness. Most tracked children are aware, but only half of parents offer an opt-out option. A related survey revealed half of U.S. parents provide monthly financial support to adult children, averaging $1,384, while some parents report increased anxiety from tracking.
- Helping an aging parent with finances can put you 'in conflict,' CFP says — how to approach it
Adult children may need to help manage their aging parents' finances, which can put them in conflict. Approaching the transition requires careful consideration. Helping an aging parent with finances is a common challenge.