Staying close to home could be the smartest financial decision millennials make

Trying to persuade your parents to let you move into their basement? Here's some data that might help.
A new study from the Federal Reserve Bank of Cleveland that looked at 45 years of earnings data shows that young people who lost a job but were still living fairly close to their parents rebounded much more quickly.
That's presumably because people in that position are able to rely on help from their families for basic things during a time of difficulty or transition. (Another possible explanat