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Millennials w/ kids - how do you see the rising cost of living affecting their adulthood?
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I am single with a wonderful six year old. I have around 60/40 custody with his other parent.

My child is brilliant and capable but...I am starting to accept the fact that he might have to live with me for a very long time.

I have layers of privilege (white, cis, generational financial privilege - not rich parents, but parents who can help me in a pinch), work full time for 62k a year, have several side gigs, am in decent health (although this has not always been the case)... but still, I am very much living on the edge financially- I can pay bills but an emergency has the potential to fuck me over.

How on earth is my kid going to do it?

Though I fully intend in being real with him and educate him about finances/etc, I have no desire to force him into a field of work that doesn't make sense for him for purely financial reasons. Lord knows that wouldn't have worked with me.

My ultimate dream is to buy land with my eventual inheritance and start a little campground ("glampground") with a combination of tiny houses, cabins, etc so that my child/friends/family have a place to stay if they need it.

Really, the thought of a multi-generational household doesn't bother me as long as my kid and I like each other later in life. I think the fact that a multi-generational household is viewed as undesirable by a large part of society is kind of a bummer. It's definitely not for everyone, but what's wrong with supporting each other? (Although I know a lot of us have stereotypical boomer parents so I understand why people wouldn't want to live with them...)

Millennials with kids - what are your thoughts? Do you anticipate your kids being able to move out? Or will we all just become multigenerational households?

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4 months ago