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 ...
Some of the crushing college debt could be avoided by going to community college for two years. It may not have the prestigious bragging rights of an esteemed university but it can save a ton of money for higher educational pursuits down the road.
Shit. New look just like Europe. Italians move out around 35 years old
I had a co-worker that was living in a house with his sister and her husband. He is 30.
That’s what my grandson is doing while living with his parents...and...working!
My 26 year old daughter and her fiancé just put a down payment on a house.
He is moving out in July. (He lives with us since attending the State Police Academy, pending his assignment.)
My wife and I are already making plans for her room. We cannot wait.
Now, the other daughter is another thing. Plus my 93 year old mother in law still lives with us. (She moved in at 72—”How long will that last?” A phrase I jokingly repeat to my wife from time to time.)
My kids often do the grocery shopping, and they pick up the cable bill.
And they both have good jobs.
We’re going to get back to the idea of extended families living under one roof. It’s an economic necessity.
But then we are a family of merchants and self starter business people. The kids worked in the various businesses because it's just the way it is done in my family. Many of us also have had jobs but we always have some form of business on the side as well.
My daughter grew up in my Father's carpet store. She is already exploring an internet business using youtube. And we have a huge commercial building that has several apartments in it and we live in one. There is ample room for her here so it is always available for her to use.
I think having their grandmother and her friends around was great. My kids are not “afraid” of old people. They understand that the elders can be pretty fun people, just like their peers.
They have also seen us sacrifice to take care of our elders—and they see the impact of absent children trying to “feel good” about abandoning their parents (my siblings.).
I am pretty confident my elder years will be fine because I’ve modeled well for my kids.
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Obama, in one of his rare positive contributions, provided the role model my kids are so strongly motivated to avoid:
My kids have earned my respect, and they don't want to lose it by wearing jammies and living in Mommy's basement. Note: I actually do make them hot chocolate when they visit, but they also shop for and cook dinner, help with repairs, and take the initiative to do chores without being asked.
Kudos to you for including your children in your business.
My mom owned a small women’s clothing store when I was growing up. My job, starting at age four, was to go through every rack and make sure things were in size order number from smallest to largest, colors of blouses were all arranged together, white first, then beige, pastels, navy and black, gather empty wire hangers and then take a small amount of string and tie them together in bunches of five. While doing all of this, I had to learn to spell the manufacturer and the color and count by fives. By the age of eight I was able to calculate the sales price and mark the new price on the ticket. Everything ended in .98 and we usually had 15% off so it was no easy task, particularly when there were no calculators and I had to use my head and fingers. We didn’t have kindergarten back then and when I started school in the first grade I could spell and do addition, subtraction and multiplication at the third grade level.
I still keep all my blouses and tee shirts in the same color order and separated by sleeve length. Some habits are just hard to break.
My kids and now my grandchildren all worked in my business and learned accounting, how to file, write a letter and read a balance sheet. Good practical things that they can use in real life.
I moved out six months after I turned 18.
but...but...but Obama says the economy’s great!
Completely correct. In fact, the University of California system actually suggests students attend a two-year community college first before transferring to a UC school, unless you’re a superb student in the first place.
That is a broad brush your stroking with. You know a lot of post college kids to provide a baseline for your observation?
That’s right, CC is a great way to start. Unfortunately, that’s not what most of these kids were told when they started. They were told to live their dream and to not worry about financing. Also, many parents were too financially ignorant to guide them. Once they realize what the debt is going to do to them it is far too late.
I made 6 bucks an hr out of high school and a quick look shows houses in Northern Va averaged 97.5K in 1980.
If that 6 bucks kept pace with housing inflation it would be $39 today. Food, education and healthcare would show a similar story. It would appear it was easier back then to do simple things like moving out?
This is a high cost area, but wages have been stagnant everywhere as the cost of living has increased.
Had a 20 something guy come to treat our house for termites. He said he and his girlfriend and his aunt all live with his parents. He said they had the room and it was all totally financial and they all worked.
I think it’s becoming the new normal.
My son works and lives in a nice 4 bdrm - 2 story house in San Antonio but it takes 3 roommates (one is a female) to be able to have such a place with a back yard for the dogs in a relatively crime-free neighborhood. He just got promoted to supervisor but the 8k bump is still not enough to afford these things on his own. Of course the BMW he drives is self-inflicted. ;o)
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