Snoqualmie Pass Real Estate - Snoqualmie Pass Living - Speed Retirement by Kicking the Kids Out Sooner!

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Young adults should be moving up, but in many cases they're only moving back in. And it's threatening the retirement of their parents — both financially and psychologically.

The job market for young adults has improved steadily since 2010, yet the number of millennials living with their parents has continued to climb. As of the beginning of 2015, 26% of millennials (defined as those currently age 18 to 34) lived with their parents, according to the Pew Research Center.

For 25-year-olds in particular, the trend is even more pronounced. A Federal Reserve Bank of New York report in September 2015 found 30% to 50% of 25-year-olds were living with their parents in 2013, depending on the state. All 48 contiguous states saw a rise in this "co-residence" between 2003 and 2013, with a median increase of 13.8 percentage points. The Northeast and West Coast had the biggest increases. (Alaska had a slight decline.)

For parents, the financial burden of letting an adult child move back can mean delaying retirement. Consider this: 52% of Boomer households that have children but don't support them are retired, according to a March 2015 study by Hearts & Wallets, an investment and retirement research firm. Among Boomers who do support adult children, only 21% are fully retire.

Boomers who support adult children are also 25% more likely (at 38%) than otherBboomers to say they have moderate to high financial anxiety, according to the Hearts & Wallets survey.

How can you avoid being one of these stressed-out parents who can't afford to retire? Two words, says certified financial planner Jeff Rose: "Tough love."

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