Foreign Property News | Posted by Shwe Zin Win
Erika and Cody Archie, first-generation ranchers in Texas, ignited debate online when they claimed they were asking their teenage daughter to pay rent to live with them after she finished high school.
“June 1, your rent's due if you’re going to continue to live here [and not go to college],” Cody says he told his daughter, Kylee, in a TikTok video from last year the family recently reposted.
The rent was set at $200 a month — $300 if Kylee wanted to eat from the family’s groceries — which Cody argued was far cheaper than most market rent prices. But it was also high enough to teach his daughter lessons about personal responsibility and managing costs of living, he said.
In this case, it seems to have worked. Kylee ended up living with her parents for nine months at the $200 rate before she moved out, according to a followup by Fox Business. Her parents said the extra time spent at home helped prepare her to be financially independent.
Charging one’s own children rent can be a sensitive and divisive topic — thousands of people have left comments on the family’s video — but it’s probably not going away any time soon.
The discussion of whether adult children living at home should pay rent is one more and more families may have to confront.
Data seems to suggest that parents overwhelmingly do not support the idea of charging their adult kids monthly for the privilege of living with them. About 85% of parents who responded to a survey conducted by LendingTree said they would welcome their kids to move back in with them, and most (73%) wouldn’t charge rent.
In 2022, around 31% of Americans aged 18-34 were living with their parents, according to Census Bureau data.
Ref: Couple sparks debate after forcing their daughter to pay $200 a month in rent once she graduated high school — is this the right way to teach adult children financial responsibility? (finance)
