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What Empty Nest? Weak Economy Means Living at Home ( Failure to Launch )
nbc ^ | 29 Nov 2012

Posted on 11/29/2012 3:42:21 PM PST by george76

You raise them, you educate them and you expect them to go out into the world. But they keep coming back.

...

between 2007 and 2011 there was a steady increase in the percentage of adults living in someone else’s house – and that increase has mostly been driven by adult children moving in with mom and dad.

In 2011, Census Bureau researchers found that 17.9 percent of people 18 and older, or 41.2 million people, lived in a house in which they weren’t the head of the household or that person’s spouse or significant other. That’s up from 16 percent in 2007, before the nation went into recession.

...

if a significant number of adult children continue to bunk with mom and dad, that could slow the housing industry’s recovery because those people won’t be out buying or renting homes of their own.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; US: Colorado; US: New Mexico; US: Pennsylvania; US: Texas
KEYWORDS: economy; failuretolaunch

1 posted on 11/29/2012 3:42:28 PM PST by george76
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To: george76

I tried to childproof my house, but the kids kept getting back in.....


2 posted on 11/29/2012 3:48:44 PM PST by Paladin2
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To: george76
Generations living together was once the NORM, and a very happy way of life down on the FARM.

Then Gov't stepped in and broke the family farm apart with estate taxes, etc.

My idea has been: Buy up about 200 acres, plant your house smack in the middle, with streets going to every childs house, like a square block. Mommy/Daddy live in the largest house, when they die, next oldest or the child with the most kids get he big house, keep moving up like that.

On the perimiter, 20 ft fence/electrified, moat w/crocks, another fence with the meanest dogs you can get. HOME SAFE.

You have only 1 set of farm equiment/mowers etc., several horse/cows. Why are we wasting so much money on everyone have their own mowers?

Or/build your barn first, live in it. All the while you are digging under the barn for your new home. what property tax?

3 posted on 11/29/2012 4:25:39 PM PST by annieokie
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To: annieokie
Generations living together was once the NORM, and a very happy way of life down on the FARM.

I believe our current mess is not just a financial bubble popping, but a values bubble popping as well. This financial crisis is occuring after the boomer generation rejected "family values," increased divorce in order to "find themselves," which put the majority of women into poverty, tore up the black families, and now white families.

This crisis will end when we learn the lessons of the depression, and start to fix our family problems as well as paying down our credit cards.

4 posted on 11/29/2012 4:58:25 PM PST by Vince Ferrer
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Donate here!

It’s nearly Turkey destruction time ,again.
Let’s give Jim an early CHRISTmas and finish this thing! Eh?

5 posted on 11/29/2012 5:03:36 PM PST by moose07 (The truth will out, one day.)
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To: Vince Ferrer
AMEN to that. I would welcome all my family back, if my home was big enough and my son in laws could be civil to one another. But alas that will never be.

Think of the money saved by only having one set of tools, mowers, etc. Grandma home to baby sit, cook and teaching the younguns. Those truly were the good old days, very happy people. The Walton's.

6 posted on 11/29/2012 5:06:08 PM PST by annieokie
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To: george76

A large contributor to this has been the absolute free-fall in the middle-class birthrate; young people who can’t find decent work aren’t marrying/having children (for that and legal/cultural reasons). This generation of young people will probably never be in the market for a home (after watching what happened to their predecessors, who had the employment thing pulled out from under their feet), so the amnesty will have to be used to get someone in the existing and future homes - not just to buy homes, but to support the “public education industrial complex” and other businesses.


7 posted on 11/29/2012 8:02:39 PM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: kearnyirish2

The world is so vastly different now. I was born six days before the D-day invasion of Normandy and by the time I was 23, TWENTY THREE DADGUMMED YEARS OLD FOR CRYIN’ OUT LOUD, I was being asked to my face what was wrong with me! Why was I asked such a rude question? Because I did not already have a wife and children, that’s why! Some people literally acted as though I was breaking some kind of law because I was still single at such an advanced age. Some who were younger than I was even commented that they hoped they wouldn’t be single when they reached twenty three. It seems so unreal looking back but I know damned well it happened, I didn’t imagine it.


8 posted on 12/01/2012 8:10:29 PM PST by RipSawyer
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To: RipSawyer

I know a lot of single guys, and nobody will ever convince them to marry. I certainly wouldn’t pressure someone to do it, and would warn someone (in a helpful way) about the obstacles they’ll face.

On the flip side, I can’t stand it when Americans (of both genders) complain about the number of foreigners inundating this country; they are being imported to replace the children we won’t produce.


9 posted on 12/02/2012 2:09:35 PM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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