The article discusses the rising average age of moving out in Ireland (28) and the debate surrounding whether adult children should contribute financially to the family while living at home. It explores various perspectives, considering factors like parents' financial situations, the children's employment status, and the overall cost of living.
The average age for moving out of the family home is 28. What kind of financial contribution, if any, should people make in the meantime?show that in 2023 the average age in Ireland for moving out was 28. This compares to just 22 in Sweden and Finland. Italy and Spain are at the higher end, with a typical age of 30., for many families the issue of getting adult children to contribute to the family pot is not up for negotiation.
So should this group – who are likely living at home in the first place because of the cost of rent and difficulty getting on the housing ladder in their own right – make a financial contribution while they are still stuck in the house they grew up in? Should they even pay their parents rent? ‘The motor industry is changing, but we’re here to stay’: BMW Ireland’s boss on EVs, innovation and the road aheadThere is no ‘one size fits all’ answer to this question. I would say it depends on the parents’ financial circumstances. Those who are in a comfortable financial position might only ask for a contribution towards utility bills, thus enabling their children to save for a deposit for a house. Parents with several children who are on a tight income may ask for more.
As a parent of children still in college and secondary school, all I ask is that they study and do their best ... When out in the world of work I would expect a contribution towards household costs if still living at home. Ultimately, we would want to see them progress to be independent adults, but that is only possible through our support in the current environment.
The success of our economy in terms of investment and jobs has created this major social infrastructural issue alongside national infrastructure in areas such as energy and water. Charging rent though is not the solution for our children, no more than it is an option for ESB to charge customers for repairing and upgrading the electricity distribution network!Yes. Even a small amount gives dignity and responsibility. Doing shopping and cooking a meal sometimes is also a positive contribution.
FINANCE HOUSING FAMILY RESPONSIBILITY IRELAND
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