Posted on 11/24/2009 5:18:38 AM PST by reaganaut1
For more young adults, there is no place like home for the holidays, and for the rest of the year, too. Ten percent of adults younger than 35 told the Pew Research Center that they had moved back in with their parents because of the recession.
They also blamed the economy for other lifestyle decisions. Twelve percent had gotten a roommate to share expenses. Fifteen percent said they had postponed getting married, and 14 percent said they had delayed having a baby.
In the Pew study, 13 percent of parents with grown children said one of their adult sons or daughters had moved back home in the past year. According to Pew, of all grown children who lived with their parents, 2 in 10 were full-time students, one-quarter were unemployed and about one-third said they had lived on their own before returning home.
According to the census, 56 percent of men 18 to 24 years old and 48 percent of women were either still under the same roof as their parents or had moved back home.
A smaller share of 16-to-24-year-olds — 46 percent — is currently employed than at any time since the government began collecting that data in 1948.
(Excerpt) Read more at nytimes.com ...
My guess is that they won’t come out in droves to vote Obama again!
They’ll be offset by the ever-growing, ever-loyal voting bloc of Deceased-Americans.
Some are coming back only to find out that their parents sold the house and are now on a world cruise.
Serves them right.
>> The WSJ reports that Suicides are Rising.
Now there’s a trend that I wish would catch on in Congress and the Bambi-ministration.
For every one that moves back home or otherwise moves in with someone else, that’s one more housing unit (apartment, rented house, or formerly-owned house) now unoccupied.
Keep that in mind whenever you hear claims of “Housing recovery just around the corner!!!!!”.
Or have sold the house and downsized so much there is no extra room.... don’t tell our kids, but that’s what we’re gonna do ;O)... j/k
And on THAT note, picked up our Airman yesterday from the airport (the one who’s been in Iraq) - oh it is so good to see him!!!! Has to go back to Jersey on Friday, but that’s ok, we have him for the week (yep, happy Mom moment)
I think that this is their generations “Carter Moment”. I remember everyone on my high school was extremely pro Carter, he got a huge percentage of the youth vote. Shortly after we also learned about how important is was to really find out about your candidate before jumping on any bandwagon. That descision haunts me to this day...that is why I didn’t vote Obama.
Excellent! I know you will be giving lots of “thanks” for that!
My younger sister is living with our parents. She has a job using her journalism degree but apparently it doesn’t pay so her choices are a slum apartment, or my parents’ house. They’d rather she live with them. But they aren’t empty nesters by a long stretch, still got half a dozen younger kids in the house.
Me, I got out after college and am glad I didn’t have to move back but I’m also glad my sister has the option.
According to the census, 56 percent of men 18 to 24 years old and 48 percent of women were either still under the same roof as their parents or had moved back home.
A smaller share of 16-to-24-year-olds — 46 percent — is currently employed than at any time since the government began collecting that data in 1948.
I hope that someone explains to them that this is what they voted for.
It used to be the norm having several generations in one household. We’re moving backwards.
And some met their parents on the road who asked if they could come live with their kids because their 401k's and home equity were destroyed and they can't afford to retire.
Well I know for a fact that my sister didn’t vote for him! She may be in that statistic but she isn’t stupid.
Excuses excuses. Young adults are moving back home because they don’t have the guts to face challenges independently.
I have all three adult kids back living at my house, including a grandson. I also have an aged father-in-law living with me. He's been living in my house since 1986.
I don't know what the point of the article was, but that's what families do. They help out when help is needed so they don't end up on welfare, in government housing, living off food stamps and (un)earned income credits, while receiving government sponsored child care and free post-high school education/training.
No, we're going back to sensible life styles, where the kids work their adult jobs for a number of years while saving money by living at home. That way, they'll have a 20% downpayment for the house they want to buy so they aren't enticed to do a no money down paperless sub-prime mortgage. That doesn't sound backwards, that sounds like progress to me.
The big difference is that back then, the oldest people in the house didn’t have the highest standard of living at the expense of the younger workers.
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