Posted on 05/24/2016 7:36:10 AM PDT by Olog-hai
Many of America’s young adults appear to be in no hurry to move out of their old bedrooms.
For the first time on record, living with parents is now the most common arrangement for people ages 18 to 34, an analysis of census data by the Pew Research Center has found.
Nearly one-third of millennials live with their parents, slightly more than the proportion who live with a spouse or partner. It’s the first time that living at home has outpaced living with a spouse for this age group since such record-keeping began in 1880.
The remaining young adults are living alone, with other relatives, in college dorms, as roommates or under other circumstances.
The sharp shift reflects a long-running decline in marriage, amplified by the economic upheavals of the Great Recession. The trend has been particularly evident among Americans who lack a college degree. …
(Excerpt) Read more at hosted.ap.org ...
This article should be read with Lorde singing “Royals” in the background.
Millenials’ national anthem, for us older folks.
Sanders’ core base of support.
Be fair, I’d rather see less money go outside of the family to pay rent to somebody else’s family.
“Be fair, I’d rather see less money go outside of the family to pay rent to somebody else’s family.”
True. Know a few young people who lived with parents to save up for a house.
And no, none had Women’s Studies of Black Art History “degrees”...
My daughters, 29 and 25, have only found jobs in the last year.
And not “college graduate” jobs, either. They couldn’t AFFORD to move out. . .
I see your point. From friends and family which I have seen, some of these young adults are delaying growing up and being responsible for themselves with these living arrangements.
If young people are living with parents to save money to move out, save money to buy a house, etc. That’s one thing. But its another thing if they live with parents, paying no or little rent, and spend their money on stupid things. Just my opinion.
I agree. If anything, I want my kids to save money for a nice big house, because we want to move in with them when the time comes. ;)
If the kids are contributing financially and/or help in maintaining the household then it makes sense in this day and age.
I never could get into her music.
There are several cases of millennials, well into their late 20’s and early 30’s, living with their parents in our neighborhood. The “kids” seem to be unburdened from any adult responsibilities and this is having the unintended effect of prolonging adolescence and dependence. Having fun seems to be their top priority. Its going to be a rough adjustment for them if they ever leave the nest and have to start paying their own bills and living expenses.
There’s nothing wrong with grown kids staying at home for a few extra years, if they are being financially strategic and productive.
In our county, a starter home fixer-upper is nearly $200,000. It makes sense for young people to get through school debt-free and to save up a down payment. Why not use the parents’ house as a launch pad for that?
IF they are being financially strategic and productive....
...but they’re not. They just think that people of their genius, who obviously should be running the whole society, should not have to sully themselves and pollute their minds with actual work.
Several years ago my son decided to get his Masters in data technology. Went part-time at work and moved back in with me. Cooked most of the meals, went to the store, took out the trash, kept his bedroom and bathroom clean and did his own laundry. Glad to have him back for a short time but he was glad when he finished and could move out, go back to work full time, and no longer have his bicycle stored in my living room. Win-win for everyone - but only because it was temporary! I love him dearly but as adults we both need our own space.
“But its another thing if they live with parents, paying no or little rent, and spend their money on stupid things.”
**************
Like driving around in expensive cars and generally living what would be an otherwise unaffordable lifestyle. Of course their temporary period of disposable income is really an illusion that eventually will give rise to unrealistic expectations and ultimately to disappointment and frustration once the subsidized lifestyle ends.
Smart parents will encourage their “kids” to set money aside for the future instead of squandering it.
I agree. If you have the space for it, seems to make sense in many situations.
Given the financial situation Millenials face—especially the crushing college debt—this surprised no serious economist studying this group.
Wages, adjusted for inflation, plunged 34 percent for the typical young man from 2000 to 2014.
Does this take into account children who move back home to take care of their aging/ill parents? That is what happened to MR and R and I. In our late 30’s we lived across the street from my mom in the summer and with her in the winter (at her winter home) for about 5 years before she passed last year. Now we have my mom’s houses and take care of his parents as well as us having a newborn.
I only know about Lorde from Weird Al’s parody “Foil”.
Then I watched the original. Really weird.
;^)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.