Young adults living with their parents to save money are also spending — and all of it comes at a cost
More young people are choosing to skip out on rent by living at home with their parents, but the financial savings can have an emotional cost, and for some, the money saved on rent isn't actually banked away. reported by Insider's Nidhi PandurangiAccording to the data, however, the money young people are saving on basic necessities isn't just going toward an eventual move-out; some spend on luxury items and travel.
"I've been able to travel and spend more money on myself. I'm able to enjoy a lot more freedom because I don't have to hold back on paying for luxury," Artist said. "They ask if I'm even saving money when they see me going out of town frequently, but I try to let them know ahead of time," Artist told Insider.
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