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College graduates often face an embarrassing problem once they leave their fostering mother (aka, “alma mater”) and return to their real parents. Given the sizable loans most student accumulate, they’re left with stark choices. Their first priority is to begin paying back those loans; their second priority is to move out of their parents’ home. If there’s a third priority, it usually involves entertainment, leisure or just enjoying life.

The last thing they want to do is to live in their parents’ basement, and they’re also not likely to prioritize saving for retirement. When given the choice between living in their parents’ basement to save for retirement or deferring retirement saving to be able to afford to live on their own, most adult children would prefer the latter.

Christopher Carosa


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