Posted on 03/25/2011 6:25:42 AM PDT by decimon
Generation Y is often thought of as a slacker group of young adults who have failed to launch, delaying real careers and families until later in life. But new research suggests their heavy dependence on Mom and Dad might ultimately prepare them to be successful adults.
Specifically, the study found this generation of "emerging adults" turns to parental support in times of difficultly and as a way to advance their careers in a job market geared toward the highly educated, though most are weaned from such support by their early 30s.
"On a general level, people have concerns about young adults being more dependent than their parents' or grandparents' generations," said researcher Teresa Swartz of the University of Minnesota.
In the mid-20th century, most parents could safely assume their children would be full-fledged adults by their mid 20s, economically stable with their own homes and families. Five decades later, half of twentysomethings are still supported by their parents in some capacity at age 24, the study shows.
"People know that it is a challenge to be a young adult and start off your adult life today," Swartz said. "It's taking longer to find their job and move out of their parental home."
A 2009 survey by the Pew Research Center found that 13 percent of parents with grown children say an adult son or daughter had moved back home over the past year for various reasons, including the recession, with most so-called "boomerangers" in the 18 to 34 age group.
(Excerpt) Read more at news.yahoo.com ...
True. Did that, first had to bunk with an college in a small one-room apartment. Then 6 in a two bedroom. Then 2 in a two bedroom. Finally could rent a place on my own and finally saved enough to put a down-payment on an apartment (but that was post-marriage when we wanted a place!)
. Also, why stop at working 40 hours per week? There are 168 hours per week available to each of us. Give 8 hours per day for sleep, 2 1/2 hours per day for eating and 1 hour per day of personal hygiene that leaves about 87 1/2 hours for work each week...earning $$$$$
Done that too -- and invested the money. Yes, it was worth it. Also, you can put in 80-100 hour weeks only when you're in your twenties or thirties. I think once you have a family, wife/husband and kids, it is too difficult and too much of a toll on your health.
But, it was worth it -- I can now afford a better quality of life for my family.
True. Video games and MPP are highly addictive and an utter waste of time.
So that meant even more pressure for young people to make something of them selves. They didn’t have much time. -- well, 17 was not young. By the age of 17 in 300 BC you would have been married, with kids, have been working for at least 5 years and also might have killed a few
however -- you would be living in one home with your parents, uncles, cousins and grandparents and maybe great-grandparents -- there was no individuals going out on their own, not even an atomic family going out on their own. It was a different world.
Many are still in college at 23-24, so it can be hard to really launch until 25.
I didn’t get my post-college job until 24, thank goodness before the economy tanked a few years ago.
Now, if you are not launching and 27-28 out of school, that’s a problem.
Frankly, I wish I had stayed home for six months to save up some money once I started that job. It’s hard to save money when the car breaks, wife gets sent to the ER etc.
I have a decent job and am married, launching pretty much right out of college.
The only issue is...my wife wants kids. I am not sure if we can afford them.
The budget calculators online say to plan for $500 a month. Is that realistic?
Frankly, wasn’t multi-generational households the norm not that far back ago?
My dad recently ‘lost’ his house (sold it to pay for repairs of the sewer line and foundation), and is now living with my family.
My in-laws (in their 60’s and 70’s), have had my grand-mother-in-law move in with them, as she’s in her 90’s.
You take care of family. Period.
I agree.
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