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New numbers -- young adults are more on prepared than ever to take on their own financial responsibilities to survey conducted -- here.
Finding that one in -- teens planned to rely on their parents.
Until the age of 27.
So how can parents turn this troubling trend around and joined now by personal finance expert Dave Ramsey who's usually.
Pretty tough when it comes to this topic good morning to you today good morning aren't so let's look at some of the facts first 14% of parents discourage the kids from.
Talking about money 18% say they are very prepared to talk to kids.
About finances is that good does that mean that the flip side of that is most Argentina.
Well it's you know I think it's of one of subject parents struggle talking about -- lot of parents are doing a good job with money.
It personally and so they can have a shame and guilt thing there but if you don't teach your kids how to handle money the study just we talked about their says they're gonna live in your basement.
So you've got to teach him how to handle money all the way up from four years old all the way to -- for so you don't have failure to launch.
It's a little bit didn't get your lunch at that was the movie that we just subject -- -- -- -- -- -- to live with Terry Bradshaw is bad for.
-- -- he was almost forty -- -- but is more than just talking about finances do you think it's certain that.
This sense of cultural acceptance and norm now that -- stay at home longer.
Yeah ideas and it's a disturbing trend from a social economic standpoint because that means that some of our brightest 24 year -- are not in the marketplace producing.
Because I don't need to their mommies basement playing Nintendo.
And that's that's really sad that there's a chance that they could have gone and really don't.
On something in the world -- -- four point five point six years old I mean you and I were out there moving things around at that age.
And we -- we the American economy -- the American culture miss something by the dumbing down in the was suffocation of our kids.
It may be some of those kids can't find jobs so that's the third part of the equation you know it gets out of the Republican -- OK so that's your first tip.
To get your kids back out of your house if they move back in encourage them -- Get a job or -- -- so when unemployment is I think the worst level for young people.
Well it is and it always has been in that bracket.
Always ever since I've been studying this 20/20 five years the worst unemployment is always in the youngest people -- the least experienced but don't have a track record in the marketplace -- some -- but that doesn't mean there's not something that can be done.
And sitting on the couch watching HBO -- -- is not a good plan.
For your -- China and I remember -- my dad and I got my first jobs and you know I can.
Barely make ends meet up and I didn't have furniture for about six months so you know you gotta make it happen somehow help them do a written budget.
They need a game plan.
They need the dignity of Litton you know earning an income and then learning the Lil all net income and that prepares them.
-- successful launch what about spelling out their responsibilities.
Not just talking about him but put them down in writing.
You know I'm amazed the number parents that tolerate grown children coming home and bringing things that don't match their value systems under the roof.
If -- -- live in my house I'm old school you're gonna live my house the way we do it then you're gonna act that way you're gonna behave that way she -- That's just normal I mean -- I don't allow other guests in my home.
To bring drugs and alcoholics you know I in massive amounts of some -- and that's crazy while Ayman -- how much (%expletive) to do that.
If you're under this roof I heard that a million dollar.
Senate deadline for them -- moved out.
Absolutely you need a game plan and they need a target because if we don't have a goal that we're working together the tsunami just being angry or mean with them love them I want them to win.
And so we're gonna say -- -- here you come home from college you're gonna land here for thirty days or ninety days or -- 180 days.
But -- Christmas.
You'll be gone and I'm gonna help you achieve that with work with a -- budget was from savings will help look for apartments together on -- work with you but you're leaving.
Sounds like tough love Dave Ramsey creek -- percent good to see you have a -- -- you truth or.
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