Posted on 03/21/2017 10:05:31 PM PDT by nickcarraway
The secret is out, living with your parents is more common than you might think. A study by rental website Abodo showed that millennials are more likely to be living at home than on their own.
The national average is 34.1 percent.
San Francisco ranks 28th in the nation, with 31.5 percent of its millennials living at home. Of those, 9.2 percent of the millennials living there are unemployed, while of those who work, the median monthly income is $2,813.
"We found that Millennials aren't living at home simply because of high rent prices across the country,” said Sam Radbil, Sr., communications manager at ABODO. “Other factors also contribute to Millennials living at home, including education level, student loans, unemployment and low pay. Many Millennials are not only earning less than their parents did as younger adults, but the majority of Millennials who pursue college degrees are eventually saddled with an average student loan debt hovering around $30,000."
This data is based on a research study done on metro areas with a population greater than one million.
Of the16 metro areas with the highest percentage of millennials living at home, number one is Miami-Fort Lauderdale-West Palm Beach, FL, where a whopping 44.8% of 18- to 34-year-olds live with their parents. Close behind are Riverside-San Bernardino-Ontario, CA, at 44.5%, and New York-Newark-Jersey City, at 43.8%.
18 bucks an hour in the bay area is crap. What is a “millenial’s” age? 25? I was making 18 an hour as a welder arou d that age going through college. Almost 20 years ago. Wages stink and haven’t raised at all whe cost of living has easily doubled. And in the bay are shot up 5 to 10 fold. Any of you with young adult offspring at home here is my advise. Go to Radio Shack and get them a robotics learning kit. Learn PLCs and motion control. Robots are going to be taking all the entry level jobs and there aren’t many who know what they’re doing. I pay my PLC guy $110 an hour for his services.
Too bad their educations aren’t guaranteed. They have been ripped off and lied to their whole lives. The guy that was a gear head and became a mechanic is going to be lot more succesful then the guy who got a masters in art history.
San Jose? I don’t know what an economics degree is good for. Send your son to the local SJCC trade school for a few semesters and learn machining. They work with SJ state which has a great industrial engineering program. (I chose Fresno but anyway...) there are tons of entry level machinist positions that will turn in to very lucrative positions after 4 or 5 years. Contrary to popular belief manufacturing is far from dead in the USA. Problem is its so damned expensive to live in that area. My two cents as a former aircraft engineer that started a machine shop.
If you are a machinist or fabricator that knows PLCs or motion control you would never have to worry about a job and could live anywhere you want.
Can a recent grad scrape up enough money for an apartment and related expenses moving out of town? Relocation expenses are a thing of the past especially for an entry level position.
Why is your son doing anything wrong??
In many parts of the world, by age 30, there are NO more job prospects, for the rest of your life. USA has been importing this 3rd world culture here.
Try sales, salesmen never starve. Or learn a trade, eg auto mechanic, then work to own your own shop. That is better than any corporate job with no growth prospects.
Finally, Economics Majors are paid liars, usually in a political position. Learn those skillsets. Learn to lie and learn politics, or else flip burgers. Nobody said it would be easy.
When we visualize the SF snowflake as living in his Mom’s basement, we’re right.
Was in my cafeteria yesterday... 5 postings for H1B applicants were hanging....
That is the wave... Contract with big outsourcing consulting firms... to avoid benefit costs and lower salaries... We dug our own grave.
Should add,was era marked for termination last December... Trained my replacement... Found another position... In probationary period... Still may be let go... Tech is no longer American support.
Thank God I was frugal and saved... Our children are in for a world of hurt....
Heck, my son and his wife and two toddlers have been living with us for two years and possibly one more! Long story, but he finally found a good paying job, but wife’s college debts (son was in the navy so his college loans are paid), and doctor bills for the kids put them in the red. There’s light at the end of the tunnel though. It took son several years after he graduated and several low-paying jobs to find the job he has. He’s 33. At least your son is younger with no family to support. Hopefully, times are improving with a president who knows what it’s like to earn an honest dollar and who wants the US to be prosperous again. Good luck to your son. I hope he lines up something soon!
No debt with a viable degree is the plan. We are praying.
Tell me about it. Both of mine, with degrees in Business. . . are Security Guards. . . .
The engineer bought a duplex and lives in it. The nurse has been on her own but is now living with her mother to save money for med school. The moral of the story is that there is a great demand and lots of jobs for nurses and engineers in the US.
economy sucks.
Thank you. I have had it up to here with these self righteous Freepers calling our kids lazy and crowing about what they did as 18 year olds to support themselves. It was a completely different world then than now. The economy today sucks and people with college degrees are taking jobs as servers to survive.
Managing a supermarket is difficult, if your daily routine can be upset by low-paid workers not showing up. A friend took a steep pay cut to leave a job like that; completely ruined any type of planning for weekends, vacations, etc.
If he’s happy and good at his job, he’ll get promoted! As someone said, he may have found his career. I must say that all the employees I’ve dealt with at WFs have been great.
Believe me, college graduates in the 70s worked tables too despite freeper bragging. I graduated in the mid-70s during a bad recession.
Here is the difference: I put myself through law school. Cost: $750.00 a semester, books $500. I worked PART TIME as a hostess at a restaurant, shared a house in the ghetto with a classmate, had a used and paid for car, insurance and never went hungry. Parents gave me $10.00 a week to help, grandmother gave me $100 a month for one year to help. When I graduated, I owed $5,000. It was a different world. I never went on spring break, not once. But at the same time, had fun
Send him to law school. The stuff you learn there is invaluable, whether you practice or not. 50% of lawyers don’t practice, but they can do ANYTHING they want, start businesses, be executives, etc.
Mom’s basement is getting crowded but the good side here is that eventually they will become non voters as they are not made of the stuff that fights adversity and they will find going to war with Arnold in cyberspace very satisfying.
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