Study assesses long-term financial impact of living in your parents’ basement

The number of Millennials living with their parents has increased 10% in seven years, according to a new study by the Urban Institute, amounting to an additional 5.6 million you adults who are shacking up with their parents. Presumably, those who opt to live with Mom and Dad will be in a better position to purchase their own home eventually, right? Wrong, say researchers, and here’s why.