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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

Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).

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