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%.
I know some about San Jose, from a long time ago. Seems to me in this day and age your son would be competing with some tech individuals who are far more equipped to live and work there to get the kinds of salaries your son may be expecting.
He may just have a better shot out of state, probably somewhere I’d call “normal” in terms of expectations. I’m sure there are jobs there for him, but they’re likely not going to be in the kinds of areas where he’d make a good living at his degree career - there are probably just too many people there who are equally or better qualified for those few jobs there are.
IMO, degrees come with “best used by dates.” Putting that on the shelf to just “maintain” might not be the best thing if he is really looking to use what he worked so hard for.
“He’s been applying to jobs online, but nothing has come of that. He’s been to some job fairs, but the Whole Foods job seems better.”
Is he a self-starter? Is he mature and accountable? If yes then the thing to do is work for a corporation that has upward mobility and advance. He can jump employers to get pay raises, advancements. The degree plus experience should qualify him for supervisor and eventual executive positions. A BS in business is a very portable degree.
If he does not yet have these qualities I recommend entrance into the Army or Marine Officer Corps for a single enlistment followed by entry into the Corporate world at whatever level is available.
He’s not a self-starter and not super mature. He is very friendly and responsible. He is also very flexible. He’s only been working a short time, and he’s taken extra shifts when they become available.
My husband got him a job at a start up he was working at one summer. My husband said my son was a very good worker there. He caught on quickly, reorganized how they did their database and then managed some interns there. Unfortunately, that company didn’t make it, and didn’t really give him contacts.
Military is not an option because of health issues.
My husband is thinking our son will just move up at Whole Foods. There are jobs (business and financial analyst) at the corporate office that fit his skill set.
Our son also said he picked Whole Foods becausee he’s interested in nutrition. He also says he thinks he would love to open up a retail business at some point, and he wanted experience in retail.
Good thing is he was young starting college, and he got out in 4 years. He’s only 22.
One of my daughters is in Communications Disorders and will get her Master’s to become a speech pathologist.
They are in short supply, and it’s easy to get contacts by going to speech conferences.
My other daughter is going into statitstics with a minor in biology.
She’s been looking at a scholarship with the DOD. If she got it, she’d have to work at the DOD for a few years. She’s thinking it sounds like a good idea because she would get the work experience.
They are learning from big brother’s mistakes.
There’s good money in that field. Sounds like she will be set.
Between the queers and the love of abortions, there are actually kids of millennial age in San Freaksicko? Who knew?
SFers have children??? How is that even possible?
Lots of nice kids are in the area. Our church has a huge young adult group.
They are great young adults!
Good to know. But the evil gets all the attention, thus the perception to us outsiders.
“He is very friendly and responsible. He is also very flexible.”
That is a good sign right there. Min. hangups and psycho blocks. In hindsight during the 20s IMO men should be flexible, not be too serious and be careful of falling into lifestyle rut. When I was a Section Chief in the Army I gave 2 admonishments to the 20 year olds: You stay away from the booze and stay away from the broads. A comical yet true tribute to Telly Savalas. Most of their troubles indeed came from a combination of the two.
May I suggest throwing other career choices at him to possibly assist other latent career passions? Organic Panic’s advice in posts 21 - 23 sounds excellent.
My son is only 10 but has been writing computer software since he was 8. He now has his own YouTube channel teaching software and Apple iOS device tips. I’m going to follow Organic Panic’s advice and buy my son a PLC training kit off Amazon for his birthday. He certainly isn’t earning $100/hr. writing programs and modding Apple devices for other YouTubers.
Where did he do his internship?
My daughter is living at home after graduation, waiting for her BF to finish his Masters. He went to exactly one job fair, got an offer on the spot with a signing bonus and he moves there after graduation.
I wish it was that easy for me. I got job where I didn’t get paid after graduation(sales, too introverted). Whole Foods was a good idea.
“A Bachelor’s degree is basically an advanced high school degree now.”
I finished high school in 1962. Young people with a Bachelor’s degree cannot pass my EIGHTH grade final in most cases. I doubt you could find one who could pass my high school final if his life depended on it. A Bachelor’s degree is an “advanced” high school degree now only if you are comparing it to recent high school graduates, it won’t reach the level of a high school diploma received prior to 1970.
If you are speaking of a Bachelor with a major in history or the english language they would be laughed out of a tenth grade classroom in 1962. Those of us who are over sixty now shake our heads in wonder at the pathetic ignorance of history and language currently on display.
With and economics major, he needs at least an MBA, and it should add finance and/or marketing. That would make him more marketable. Does he have any minors that could be helpful in job hunting?
He’s not getting an MBA. If he went back for anything it would be computer science.
His minor is business.
They buy them from James Alefantis?
The other poster and I live in the SF Bay Area but not in SF—yes you are right and there are more dogs than children in SF. Not a child-friendly city.
Yes he did have a paid internship last summer for Wells Fargo. He may end up working there for his first job; we will see. Wells Fargo might not be in much of a hiring mood with their recent problems :)
I was thinking he might not be able to get an apartment without a job while looking for his first job, but perhaps he can at least rent a room while he looks. He has some cash saved up.
No I wouldn’t expect any company these days to pay for relocating expenses, especially not for entry level jobs. But then again a brand new college grad tends to not have a lot of stuff to move :)
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