I call discrimination.
As soon as my twenty yr old got a job outside of fly-by-night restaurant jobs she found a room-to-rent and was out. It took awhile for the real job to happen...
Obama is proud of his record on the economy. He reminds us how truly bad things would were he not at the helm, guiding and nurturing America’s economic engine.
depression / not recession
When folks come to terms with this, things will be a lot clearer.
FReepers should never refer to a recession around 2008,09.
It resulted in a depression and we’re still in a great recession.
You can’t have 45 million people out of work and act as if we merely suffered a few ripples in the economy.
Wow! And it’s not even summer.
It is not their fault and you are being mean about it on the one hand pointing out that we have been in a depression and on the other hand calling them snowflakes for living at home during a depression.
The deceptive thing about this statistic is that 75 years ago most of America lived on Farms! Those kids were working in the 1940s after the war.
This is also very much a regional issue. Try renting an apartment in greater Boston where I live as a young person right out of college....it’s brutal. 3k a month in a good neighborhood is not uncommon. I expect it’s a lot easier for a young person to go out on their own in the mid-west, or some southern cities where the COLA is more reasonable.
The large number of millenials living with their parents is not necessarily an indication of economic malaise. More likely, it is tied to two major factors that are more accurately described as misplaced priorities or irresponsible government interventions in the economy:
1. Many millenials are dedicating a disproportionate amount of their income to payments on student loans that weren't worth the money they cost.
2. The U.S. government has gone to great lengths to over-inflate the value of real estate over the last few decades -- to the point where parents have adult children living with them who can't even afford to buy those same homes.
This is really just a fouled-up generational problem that never would have happened without a combination of idiotic government policies and poor personal financial decisions.