You Don’t Live In Your Hometown

As mentioned previously, some people choose to live at home with their parents after college in order to build up enough money for a down payment on a house. Others choose not to leave the area they grew up in, for whatever reason.

The Federal Reserve found that if you’re 22 or older and live within 10 miles of your childhood home, it’s more likely that you have low income. Those who relocated further away, were more likely to experience higher financial success.