Entertainment TV Kelly Ripa Jokes Son Michael, 22, Is Experiencing 'Extreme Poverty' While Paying His Own Rent Kelly Ripa gave an update on her son Michael and daughter Lola's college experiences By Jodi Guglielmi Jodi Guglielmi Instagram Twitter Writer-Reporter, PEOPLE People Editorial Guidelines Published on October 23, 2019 10:45 AM Share Tweet Pin Email Kelly Ripa‘s eldest son Michael Consuelos has entered the real world. The Live with Kelly and Ryan co-host stopped by Jimmy Kimmel Live! on Tuesday and gave an update on how her 22-year-old son is adjusting to adult life after moving out of the family home to Brooklyn on his own. “I think he loves the freedom. He hates paying his own rent and he’s chronically poor,” she said sarcastically. “I don’t think he ever really experienced extreme poverty like now.” She said that after never having to worry about his finances, her son is now counting his pennies and eagerly awaiting the money his grandparents send as holiday gifts. “Now that he’s living on his own, he’s called three times, ‘Halloween envelope arrived?’ ” she joked. “Just so he can have electricity. He’s experiencing being an adult.” Kelly Ripa’s Son Gave Her a Job on a Film School Project Assigned by a Professor She’s Known for Years Michael is currently a student at New York University’s Tisch School of the Arts Besides Michael, Ripa shares son Joaquin, 16, and daughter Lola, 18, with husband Mark Consuelos. Ripa, 49, also gave an update on Lola, who recently started school at NYU. Kelly Ripa Reveals Her ‘Main Concern’ About Daughter Lola Consuelos Going to College Kevin Mazur/Getty Images for CNN The talk show host joked that for as badly as Lola was ready to leave home and start school, it didn’t take her long to show back up at their family apartment. “We drop her off on a Saturday and it is the end of summer vacation, so we go back out to Long Island for the rest of the summer,” Ripa recalled. “Drop her off on a Saturday. Sunday evening, our alarm trips. My daughter’s having a party on the roof of our house! She was gone 12 hours and came home.” As for her youngest son? She quipped that Joaquin is “not allowed to apply to NYU.” “He’s not allowed to apply in the Tri-State area,” she joked.