Posted on 05/24/2016 7:46:47 PM PDT by detective
In Obama's America, a third of all young adults between the ages of 18 and 34 are broke, single, and living with their parents.
The Pew Research Center released its new study showing that Millennials are tipping the scales for the first time in modern history. From CBS Money Watch:
About 32.1 percent of Americans between 18 to 34 years old lived in their parents' homes in 2014, edging out the 31.6 percent who were married or living with a partner in their own household, the analysis of Census data found. The remaining 36 percent either live alone, are single parents, or live in dorms or with other relatives.
"Young adults today are having a different transition into adulthood than previous generations," Pew researcher Richard Fry said. "In previous generations, setting up new families was a basic thing young adults were doing. Even in the 1980s, half of them were married. Today's young adults are moving away from that."
(Excerpt) Read more at cbsnews.com ...
Usual slanted info. If they had done 22-23 as a base age then it would have been more relavent.
Stole my post and then some.
The state of affairs where young people expected to be able to move out immediately after college and have their own TV, car, groceries, entertainment and apartment is the result of a VERY ideal economy. In terms of human history what we’re used to regarding that ability is a few seconds on the clock and the ‘old shameful way’ of living with one’s parents until married was quite the norm!
My fiance had to bug me to get my own apartment because I loved my parents so much and the bedroom my father hand-painted for me. Broke my heart to leave them while many of my peers had spent years on their own constantly broke, living in a pigsty and on a diet of beer and pizza and screwing like alley cats. You tell me who had the better situation.
/s ?
“She wants the young American”
Hell, she probably doesn’t even know what an American is.
This may be a paradigm shift back to earlier days when children stayed at home longer,grand parents lived with their children, etc. it’s all about socio-economic factors.
How different the world of those of us born in the early 1940’s was.
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So true! Born in ‘42, before the baby boomers. Grew up with a Victory Garden at my house as did most of the neighbors and we all shared our bounties, with the women gathering at various houses to help can the vegetables and make jellies. People grew different things and would share and swap with each other; corn for tomatoes, carrots for onions, peaches for plums, etc.
Many teens got married right after HS in late ‘50s and went to work, as only about 20% went to college. I knew I was not ready for college, so in Oct. of my HS Sr. year I joined the Naval Air Reserve.
Finished my active duty at age 20 and married. Child at age 21. Worked many different jobs and had hardships. Finally got a job at a company from which I would retire 35 years later. .....During those years I went to night school, was divorced and remarried, got let go and worked elsewhere while going to a State Univ. and finally took a leave of absence from work. That gave me the BBA and I was rehired at my former company. While there I attended night school and earned my 48 hr. MBA.... at age 40.
Based on what I have been seeing from the young college kids that we see on the TV news, I just don’t think they have the desire to persist to achieve such goals.
Growing up (with inherent instincts for being responsible and independent as an adult) is a good thing, especially in the United States of America.
There may be an aspect of the decline of opportunities that lead to the young being rather lackadaisical.
I went to a state school (college in 1982 and the total for my first year of tuition, books and living expenses was ~ 4,700 as an out of state student. That is equivalent to ~11,650 today. At the same time the minimum wave was 3.35 (8.31) today and I was able to easily get work as a factory worker on winter break and as a low level tech for 5.00 an hour during the summer.(~11.12) an hour now. With 2,500 my parent fronted me per year, I could just about pay for college by working summers and during winter session. Jobs were there for the finding.
With no help from the college I was able, by using the Thomas register of companies in the local library, able to find part time work in companies on the production line, then as a test tech, then as a engineering tech and finally as a programmer in 1987 for 9 dollars an hour (18.96/hour today). By that time having become an In-state student my tuition and living costs were still around 4,700 (9,900 today) Got out of college with only 1,600 dollars of debt (3,400 today).
First full time job out of college was 25K in March of 1988 (equivalent to 50,500 today). It was a low rate for a BEE back then, but the job was in the field I wanted to work and by 1990 I was making 34,000 (~62,00 today).
Here is the thing, I did not have impressive grades or any great genius, there were simply more positions out there, in more companies. To find my first full time position, I am again used the Thomas register and sent out a total of 20 resumes, got three responses back and took the first job offer, not even waiting on the second which was to come. Form what I hear from the young chaps today, no such opportunities are out there.
So of course the kids have to leave home longer and save more,, to pay off much higher student debt than I had. A lot of the value added jobs have been shifted to over seas. It is true the kids seem to show less get up and go, but in my day the get up and go was rewarded, today it is not, at least to the same degree.
She got her certification as an LPN and worked while attending college to get her degree as a Optometrist.
She moved out when she got married and now she and her husband are both have careers, degrees and no debt.
There is a problem with this?
No she sounds like she had a good plan and did it.
Did you think I was referring to someone who gets it right?
Very common in socialist countries with horrible economic growth. This is the "change" he said was forthcoming. The "hope" is why younger Americans are attending Trump rallies enmasse as they hope for an economic turnaround so they can get decent jobs.
Going away to college, while appealing on one level, is very expensive. Out of state tuition, room and board, finding a job in a town where you have no connections, all of those things can triple or quadruple the cost of higher education.
If your parents are able to foot the bill for all of that great, if you have to borrow to get the experience then not so good. Those are the type of children who are more likely to get useless degrees.
And yet they are noted as "not living with their parents" and doing things right.
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