Sure, the economy is strong and unemployment is low but due to the high price and low availability of housing in the Bay Area, more and more millennials are moving back home after college. Throw in massive student loan debt and times are especially tough for this generation.
Naturally, the transition can be challenging for all involved and ground rules have to be set. Rent, groceries, laundry, chores all have to be factored in.
According to Zillow, nearly 14 million millennials have moved back in with their parents. The higher the rents, the more likely it is to see parents and adult children living together which explains why it is becoming increasingly common in the Bay Area.