Because of the rising cost of living, many young people are increasingly being forced to live with their parents into their 30's. Do the advantages outweigh the disadvantages?

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In today's world, accommodation costs have undoubtedly increased due to inflation caused by the pandemic. Most youngsters have insisted to stay with their
parents
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because of the surge in rent. Some people believe it is a negative trend,
however
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, I feel
this
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is a positive trend and I will elucidate the reasons behind my opinion in
this
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essay. There are various benefits to living in the same home as our
parents
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. The
first
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one is if the place is a rented or leased house,
then
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the money could be shared. The more the savings, the more it can be either invested or used for other purposes
such
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as education and medical expenses. During the Covid lockdown, most people needed a lot of financial support for medication. The other reason is family bonding. The relationship between families will be strengthened
as a result
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of living together.
Although
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it is a bit expensive, the value grandparents bring to the table is amazing. They share their life experiences as well as teach their grandchildren moral values.
Hence
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, living together has significant benefits. Despite the positive effects, there are a few disadvantages when cohabitating with
parents
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. While it is beneficial for children who do not have a fixed income, it will be burdensome for
parents
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especially
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,especially
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those who are retired and those who live on pensions. The addition of one more adult is going to tremendously increase their costs because
parents
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need to pay not only for offspring's food but
also
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for medical emergencies and other bills
such
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as electricity, and gas. If children
also
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contribute to the house expenditure, it may fully compensate for all expenses.
Also
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,
this
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may create a psychological effect on
parents
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when their children are not independent. In conclusion, more young people are living with their
parents
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because of soaring prices. Even though it is a bit expensive to stay together, they can save money
,
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apply
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and helps to improve bonding between them.
Submitted by lakshmi.y15 on

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  • Body paragraph 1 – Problems
  • Body paragraph 2 – Solutions
  • Conclusion

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  • Another problem that needs to be considered...
  • A possible solution to this problem would be...
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