Posted on 05/07/2016 11:54:38 AM PDT by Lorianne
Ahead of Mother's Day, more and more millennials are gifting their mom the most precious thing of all: quality time with their offspring. An analysis from real estate and rental marketplace Zillow released Thursday found more people ages 24-34 in the United States are living at home with mom than at any time in the past decade.
Twenty-one percent of the age bracket lives at home with their mother, Zillow found. In 2005 that figure was just 13 percent. Rents have continued to rise, but income growth for young people has not kept pace. Zillow found that over the past year alone, rents went up almost 3 percent, while incomes have increased just 1.8 percent. The group also projected a 3 percent increase over the next 12 months to a median of more than $1,400 per month. Living at home has increasingly become a practical option.
(Excerpt) Read more at ibtimes.com ...
Thank Ted kennedy and Open immigration for that one.
When I came of age, living with your parents was a stigma. Girls wouldn't date you, prospective employers wouldn't take you seriously and your friends would whisper behind your back that you are a loser.
Consequently, I joined the Marine Corps at 17 and never darkened my parent's doorway again unless I was visiting for Sunday dinner.
Business Insider said there’s this undefinable economic malaise in the middle class, but it couldn’t quantify it. I can:
When you have lots of people paying off last decade’s dinners out and last season’s student loan debt, not much money is available to help today’s consumer economy.
Tack on jobs figures that are a lie, with a lot of younger people living with relatives because they can’t afford not to, the middle class parents in middle age or old age are supporting the younger generation - but the under-employed 25 year old doesn’t show up as unemployed, nor does the lay about with two masters’ degrees who never got a job.
Can also thank Mr. Obama for this as well.
No wonder I had seen in a number of live speech videos given by the Donald young people attending them. They are the reality of what the nation’s economy truly is.
Yep, me too (well not the Marines). I left home at 18 and I would have had to have been in extremely dire straights to go back and ask my parents to live with them.
That said, I think there are some things good about multi-generational living and people helping each other out at different stages in life.
I think having several generations together under one roof is a good thing. When my folks are ready they can come live with me, or I’ll stay with them.
They didn’t farm me out when I was dependent and helpless, and if they become so, I’m happy to put them up.
But even before parents need to be with their grown children, family life with grandparents and grandkids is not something to mock or disparage. Everyone contributes to the unit somehow, or should.
Yes, I realize there are dysfunctional families better off separated but that’s beside the point.
Why stop there the whole DNC is to blame! There was a time when you had affordable housing, when it only took 30% or at the most 50% of your income now thanks to zoning laws, taxes and immigration, its not possible anymore. The demand is far too great and if you’re a housing developer, your only allowed to build one single occupancy on that little plot of land and that’s it. No more.
I agree. But my goal was to not live with my parents. There is something healthy about wanting to live independently too.
I do think it can work well if everyone is contributing in some way ... for example if you are out of work you do most of the cleaning or lawn work, etc. Also another good thing is older parents living with their adult children instead of going into nursing homes. Who knows if my child would take me in when I’m old? I would hope so.
No wonder the politicos are scared of the Donald, if he wins its going to be time to rebuild America.
Yes, but that is quite a different situation than what is being discussed here. For example, I foresee myself taking in my MIL at some point as her health is failing and will soon no longer be able to live independently. But my wife and I will be masters of the house and she will be under our supervision and care. I will be paying the bills and providing the shelter.
With many of these millennials, it is they who are dependent and "under the thumb" so to speak of the parents. They might be 25 or even 30 years old but they pretty much have to sneak in the door when they come in late and sheepishly explain where they have been if they find their mother waiting up for them in a bathrobe. It is they who have to be told to "turn the music" down and get nagged about piles of dirty laundry (that they expect their mothers to do) and un-rinsed dishes in the sink.
That's embarrassing and humiliating and as a result, they are trapped in a never-ending stage of mental adolescence.
They are living with mom because dad would kick them out.
That’s what I tell me kids, you’d better study hard because you need to buy a big house so we can move in and they can take care of us when we get old.
Most of them will probably vote for Sanders. And Hillary if Sanders is her veep. They want those student loans forgiven.
Just as with any other "roomies," parents and grown children ought to establish house rules. A mother/daughter house would also be useful; 2 kitchens, 2 baths, 2 entrances. Great resale value too!
As for turning the music down I recommend headphones. :)
Incidentally, parents should look ahead and consider that one day they may have to downsize to a place with fewer rooms, everything on one level and a bathroom that can accommodate a wheelchair. They should consider making that move before they need to, and keep in mind the possibility of sharing it with the younger generation. (That is, if they WANT to avoid Shady Pines.) Find something while they can still qualify for a mortgage.
Me, too. I joined submarines and after my honorable discharge stayed at mom’s until me, my wife and son found a place and only returned for dinners.
You are right, there did used to be a stigma, I guess now it’s different.
When we were young there were many stigmas, now not so much
I moved out at 17, too. Lived with friends until I left for the Army the following Spring.
...and I LIKE my parents; I was just born ready to go.
Dad says the thing he likes best about me is that I left home at 17 and never came back, LOL! (I’ll take it that he admires my independence and that I’ve never asked him for money!)
Roots and Wings!
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