Top Reasons People In MN Move Back In With Their Parents

Yeah, times are tough and sometimes a person has to take drastic action to stay afloat in today's economy. Rents are high and so are the real estate prices. What's a person to do? Might have to move back home with mom and dad.

From recent statistics, we know that a record number of people are moving back in with their parents. You might think that the main reason is that they don't have a job. Nope, according to homes.com. these are the main reasons people move back in with their parents.

The #1 reason for moving back in with parents is a breakup or divorce. this makes sense when you have no where to go.

To save money is the #2 reason. I can see this if you are saving for down payment on a house or paying off some of your student loans.

Not having a job came in at #3. Makes sense, no job, no money. Once again, where do you go until you can get back on your feet.

The #4 reason is probably the best one. Most likely your parents took pretty good care of you when you were growing up. Well, now it may be time to repay all that.

Get our free mobile app

The # 4 reason for moving back into your parents place is to take care of them in their advanced age or if they are having some health problems

Only about 12% fulfill the stereotype of living in their parents basement.

One in four actually pay rent to their parents.

My parents are both gone and I'm pretty sure the people that live there now wouldn't appreciate me moving in, childhood home or not.

LOOK: Here are 25 ways you could start saving money today

These money-saving tips—from finding discounts to simple changes to your daily habits—can come in handy whether you have a specific savings goal, want to stash away cash for retirement, or just want to pinch pennies. It’s never too late to be more financially savvy. Read on to learn more about how you can start saving now. [From: 25 ways you could be saving money today]

LOOK: Things from the year you were born that don't exist anymore

The iconic (and at times silly) toys, technologies, and electronics have been usurped since their grand entrance, either by advances in technology or breakthroughs in common sense. See how many things on this list trigger childhood memories—and which ones were here and gone so fast you missed them entirely.

LOOK: What major laws were passed the year you were born?

Data for this list was acquired from trusted online sources and news outlets. Read on to discover what major law was passed the year you were born and learn its name, the vote count (where relevant), and its impact and significance.

Categories: Minnesota