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More young adults are choosing to live at home with their parents — but many of them are using what they’re saving on rent to splurge on designer handbags and expensive jewelry instead.

Morgan Stanley analysts say these young adults have more room in their budget for discretionary spending and are helping to drive a boom in the luxury goods industry.

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Personal finance author and radio host Dave Ramsey criticized the trend on The Ramsey Show, calling it “a trainwreck.”

“So, let me get this straight. You live in your momma’s basement, but you got a Coach purse,” Ramsey said. “Here’s what’s going to happen — you cannot avoid life, it’s coming for your butt. Momma can’t protect you.”

Whether you’re an adult living with your parents or you have kids who haven’t left the nest, these simple rules can help if the family home is starting to feel a little crowded.