Should Parents Charge Rent to Their Adult Children?

Parents should be asking for rent from their children who live at home, particularly as more young people flock back to the nest, financial experts say. More than one-third of young adults between the ages of 18 and 34 lived at home in 2015, up from 26% in 2005, U.S. Census data shows.

The top reason that young people move back home is to save money, according to a report from the Federal Reserve’s Survey of Household Economics and Decisionmaking.