“Millennials have a greater inclination towards saving than their predecessors, and it’s easier to save when you’re living at home than it is when you’re out on your own,” he said. “Those years at home help establish a solid financial foundation so that they’re in a better position when they do move out.”
Absolutely. It doesn’t make much sense why someone would go to college, graduate, buy a home, have kids, then begin to pay off student loans. It’s important to have a nice cushion of savings first and pay down debt. Millennials today tend to change jobs and don’t stick with the career they chose early in life. There is always a sense of urgency to start your life and live your dream, but even by 30 you aren’t missing out on anything. Everyone has their own path, but by saving first you mitigate risk when it comes to life and uncertainty.