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Carrick on money: The cost of moving out of Mom and Dad’s? $5,397.50

Young adult moving out, getting his own apartment for the first time.

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The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Hit the road, kid
The RateSupermarket.ca website has calculated that it costs $5,397.50 for a young adult to move out of the family home, and it's offering that sum as a prize in a contest called Get Out Of My House. Six parents and kids are listed here as finalists for the prize money. Read their stories and vote for the most deserving family.

Melting igloos and other reasons why the housing market won't crash
A U.S. investing blogger offers these semi-serious reasons why our housing market won't crash.

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Pounded by the economic sledgehammer
A U.S. take on the problems that Gen Y is having getting traction in the job market. Some economists wonder if these issues will follow today's young adults for the rest of their working lives.

This New Yorker article looks at how the underground economy in the United States is growing as people without formal jobs struggle to make a living.

More money
Join the 28,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I'm also on Twitter.

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