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In Post-Recession Era, Young Adults Drive Continuing Rise in Multi-Generational Living
PewResearch ^ | July 17,2014 | RICHARD FRY AND JEFFREY S. PASSEL

Posted on 07/17/2014 10:41:06 AM PDT by Hojczyk

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To: SamAdams76
Everybody talks about college debt like it's a lifetime sentence of poverty or something.

It can be, if one cannot afford it. Problem is that a lot of folks are borderline poor, one paycheck from losing their home (rented or otherwise). No equity left in their home (if they own one), or barely enough to make rent. These people should not be taking on college loans on behalf of their kids. Tell the kids sorry I'm in this fix, now go conquer the world on your own.

I have nieces with $50,000 college loans that their parents co-signed for, and the parents are lamenting that they're barely paying their bills. I've given these relatives some money to get them by, but won't bail them out completely. Reason - the nieces are taking courses like environmental science, acting and theater. I have other relatives who are smarter, like nephews that studied engineering and chemistry, and they quickly became gainfully employed.

I would tell, and have told young men, if you want to spend money spend some on TechShop and learn some real skills like welding, machining and CAD work. The few thousands it costs there will get them working somewhere very quickly. I've spent some time there and all the smart kids there are focused.

41 posted on 07/17/2014 8:07:20 PM PDT by roadcat
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To: TexasFreeper2009; stanne

To both of you: thank you for this debate. i’m a father of a 3 year old and while I have some time to think about it, it’s good to learn from the experiences of others — thanks!


42 posted on 07/17/2014 9:24:11 PM PDT by Cronos (ObamaÂ’s dislike of Assad is not based on AssadÂ’s brutality but that he isn't a jihadi Moslem)
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To: Cronos

Exposure to the classics has been very instrumental in helping the kiddos to be discerning about everything from good music to mores , behaviors, character judgement and it makes life much more fun

Musicals (Hollywood blockbusters) 3 year olds are not too young for sound of music, Gershwin,leave it to beaver, looney tunes and Dvorak, the Marx bros and Lucy & Desi

Nice families who are a pain in the a for staying away from bad behavior and 3 year olds are not too young for as they say in the med business discharge planning. You’ll want her to be demanding and choosy at 24 so a little patience with that behavior and a lot of good judgment go a long way in making sure that when they’re 25 they’re not ... Well that they’re doing what they’re supposed to be doing at 25. By classic standards

They like to do the right thing they just don’t always admit it

Watch those govt schools


43 posted on 07/17/2014 9:40:15 PM PDT by stanne
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To: Cronos

Nice families who are a pain in the a for staying away from bad behavior are the only friends to have. Kids are watching

They’ll rub off. Plus nothing weird will happen


44 posted on 07/17/2014 9:44:00 PM PDT by stanne
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To: stanne

I’m talking about imported Asian students, not Asian-Americans. Americans aren’t just being replaced as workers by foreigners; they’re being replaced as CONSUMERS. That is what the de facto amnesty of the last thirty years has been about; we don’t need workers for factories anymore - we need children to fill classrooms and families to fill apartments.


45 posted on 07/18/2014 3:28:27 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: roadcat

“Some of these kids are unfocused and have been going for close to ten years with many tens of thousands of debt load. Sad situation.”

That is a ridiculous situation; by the time they graduate the material they learned in the first five years is already obsolete. Some young people just want to prolong high school; parents that fund that are insane. I worked through school, and it made me get my money’s worth.


46 posted on 07/18/2014 3:32:09 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: kiryandil

“One of the Left’s most brilliant moves was to take over the universities and make the middle class which opposed the Revolution pay for its own destruction. Plus, the entrenched Leftist intelligentsia lives LARGE at our expense.”

Just an extension of the teachers’ unions boots on our necks here in NJ; they have destroyed the middle class here, and driven many Americans to greener pastures.


47 posted on 07/18/2014 3:33:54 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: SamAdams76

“Everybody talks about college debt like it’s a lifetime sentence of poverty or something. The AVERAGE college loan debt is something like $29,000. That’s about what most people finance a car for and they pay it off in 4 or 5 years.”

Maybe at wage levels years ago; the jobs to pay off the debt often aren’t available.

“So my answer to kids coming out of college is to not go out and buy that new car right away. Get a job and take a bus to work for a few years.”

I don’t think our young people today have been buying many new cars; maybe leasing them, but not buying. A young childless couple I know looks forward to the weekend, when the woman can borrow her grandmother’s car. Never mind buying a home; they can’t afford a car...


48 posted on 07/18/2014 3:37:53 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: Hojczyk

Nothing but lazy, useless leaches sucking off their parents hard work!


49 posted on 07/18/2014 3:56:10 AM PDT by dalereed
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To: tanknetter

For about six years after WWII, about ten of us were living in Gramp’s house, four of Ma’s unmarried brothers back from both Theaters, an unmarried sister of Ma’s and Ma, Pa and us two kids... It was one of the best times of my young life.


50 posted on 07/18/2014 3:59:50 AM PDT by metesky (My investment program is holding steady @ $0.05 cents a can.)
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To: metesky

My Mom and her parents, grandparents and aunt and uncle were in a similar situation.

However, I’d guess that all of you (like them) were expected to pull your weight, contribute to the household, etc. Without having things like the Internet, video games, home theaters, cable on-demand, etc.

Looking back on how earlier generations lived in multi-generational households and applying to todays youth (with their “helicopter parents”) is an apples/oranges comparison. The problem isn’t just that the kids are moving back, it’s that they’re moving back and regressing to their youth.


51 posted on 07/18/2014 6:02:34 AM PDT by tanknetter
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