Nothing wrong with extended families living under one roof, it used to be the norm.
Yikes.
A wrench in this plan is the Gen Xer’s kids can’t afford it, either.
I’m in this group. My 3 kids are 20-28 yrs old. There’s no way they could buy a house today [I live in LA], let alone one with spare bedrooms.
There is the opposite way ala “Why Wait Until Uncle Kevin Dies?”
https://www.imdb.com/title/tt0598248/
Cash in early for keeps.....
Umm....the people making this fearporn article probably don’t realize most gen xers (men, anyways) aren’t really planning to ever fully retire, if retire at all.
And just what is wrong with that?
I have three spare bedrooms. I’m considering renting them out to redheads, strippers, or girls named Tiffany.
They’re NOT “squatters”!!!!!!!!!!!!!
The media disgusts me, trying to legitimize terms like squatters by applying it inappropriately.
In times past, extended family lived together. It benefits EVERYONE.
This used to be completely normal and was seen as a benefit for both parties. The grands could help take care of the kids and the house and be able to live well and comfortably and have ready caretakers. Satan wanted this arrangement, which strengthened families, to end.
Each succeeding generation in America is going to be more heavily in debt than the prior generation. Expecting to be relying on your children is not going to work out as crushing taxes are needed just to maintain government interest payments, and skyrocketing medicare and social security payments are needed to covering the ballooning number of elderly. And with the children/women ratio sinking ever lower below replacement rate, there will be fewer and fewer working age adults to pay for it all. Immigration is the current stop-gap, but as conditions improve in the source nations and the immigrants realize they are being expected to foot the bill for all the above, expect immigration to start drying up in a few years. That’s when the real fun will start.
Silver squatters? That’s a gross misuse of the word squatter.
How can anyone ever retire ?? It means you have no passion in life. Look at the world’s most successful people. They keep doing what they love doing to the last day of their lives despite the millions, billions, trillions in their bank.
Are these the same people who put their babies in day care at 6 weeks old? Because …good luck with that.
55-year-old Americans have typically saved less than $50,000 for their pension”
Wow. And that’s after what should be 30+ years of a work history. *smh* Hope your kids are kind to you...
After tax you get about 30,000 of that
Losers. They spent all their money on vacations and cars and boats.
Why have to move in with parents? Don’t any of these people have homes of their own? Born in 1965, work a full career, and have nothing to show for it? I don’t buy it.
I believe in family and see nothing wrong with this, per se.