For the Boomerang Generation, there are Pitfalls to Moving Home
When John and Colleen Story's oldest daughter, Becca, graduated from college with a teaching degree, it was their idea that she move back home with them and save money while she got her career off the ground.
They committed to a one-year time frame and set some ground rules: They wouldn't charge her any rent and there would be no curfew.
At the end of 12 months, Becca had saved more than $15,000 and moved out on her own. "It put her on a great financial path," said John Story, 60, and "we had a lot of fun."