Goodbye, empty nest: Millennials staying longer with parents

Associated Press ^ | May 24, 2016 10:00 AM EDT | Christopher S. Rugaber

[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. …

[1Old Pro]

The sharp shift reflects a long-running decline in marriage, amplified by the economic upheavals of the Great Recession

So in effect we can thank Hillary and Obama for destroying our culture AND our economy - nice. Maybe someone should inform Valerie Jarrett.

[Dirt for sale]

“Yo’ Mama”

Maybe you should stay with yo’ mama
She could do your laundry ‘n’ cook for you
Maybe you should stay with yo’ mama
You’re really kinda stupid ‘n’ ugly too
[repeats]

You ain’t really made for bein’ out in the street
Ain’t much hope for a fool like you
‘Cause if you play the game, you will get beat

Maybe you should stay with yo’ mama
She could do your laundry ‘n’ cook for you
Maybe you should stay with yo’ mama
You’re really kinda stupid ‘n ugly too
And
You should never smoke in pajamas
You might start a fire ‘n’ burn yer face
Maybe you’ll return to Managua
You could go unnoticed in such a place

[BunnySlippers]

I feel sorry for millennials. Society is sending them signals that they are weaklings. They are fed a steady diet of political correctness by the general media.

And the business environment sucks big time. The government is absolutely flooding the population with low income earners from other countries. The middle class, once our strongest point, is gone.

I hope they manage to get on track.

[Starboard]

“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.”

**************

Very accurate assessment in my opinion. There also seems to be an unrealistic perception that if kids go to an esteemed (i.e., expensive) university they will forever be rewarded with high paying jobs because they “went to a good school”. That may be true to an extent if they majored in an academic area that’s in strong demand, but others who major in “softer” fields with less demand are going to be disappointed in terms of what they can earn and their professional progression. They are therefore probably not going to reach a financial break even point for a long time.

And then there’s always the matter for some of how to pay for grad school when you’re already burdened with a significant level of debt.