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Posted on 08/29/2013 7:33:04 AM PDT by SeekAndFind
A few years ago I was getting a ride home from a party with a guy in his early twenties. I lived in a gentrified neighborhood I could no longer pretend to afford, and he lived, it emerged, with his parents. “Good for you,” I said. “I think that’s great.”
We hit a stoplight and he turned to look at me. “Do you?” he asked, with a sudden edge of cynicism in his voice. “Do you really?” I could hear what he was thinking: I guess you’re trying to be nice or whatever, but nobody thinks it’s “great” when a guy—who should be a man—lives with Mommy and Daddy. One of us was making a foolish choice that was destroying her savings, but the more frugal one bore the weight of societal stigma.
The proportion of young adults (aged 18 to 31) who live with one or both parents stayed basically the same between 1968, the earliest year for which we have data, and 2007. What proportion was normal for those four decades? About a third, 32 percent.
A recent Pew Research report found that in 2012 that number had risen to 36 percent, a noticeable increase but not necessarily a sign of social crisis—especially not when you consider that college students living in dorms are still counted as “living with their parents,” and college enrollment has been rising since 2007 as well.
More men than women live with Mom and/or Dad, which might seem like an effect of the ongoing “mancession”—in which men’s labor-force participation has plummeted—but men have been more likely to live with their parents as adults since at least 1968, partly because men typically marry later than women. In fact, the gender gap was greater in 1968 than today.
(Excerpt) Read more at weeklystandard.com ...
There’s nothing wrong with an adult child moving back with his parents, but it should come with a plan to eventually move out again.
I’d love for my boys to live with me. As long as they pay the rent and buy the groceries.
So far my ROI is a very nice cap.
“Failure to Thrive”.
If an adult is so incompetent as to not make it on their own then what happens when their parents die?
When your son gets home from business school or engineering school and starts sending out resumes and networking, that’s one thing.
When he gets home from college with a degree in dance and wants to be a barista at starbucks while doing community theatre that’s a whole different ball of wax.
Yeah, imagine a world where you could live off one income, where you could get a job without an education, buy a house after a year of savings - go to school and have it paid off...
Oh wait - that was life for the boomers. Sorry. I’m supposed to buy a house raise kids get out on my own on 15k a year... HAH.
Maybe if boomers STOPPED STEALING MONEY from us, we could actually make some progress!
OK, it’s trivial to say that an able-bodied child, who refuses to work, should be kicked out.
Otherwise, “clanning up” is a practical means for survival, especially as our economy collapses. Families need to stockpile resources. Now.
More importantly, clans are the surest means of resisting the totalitarian state. This is why progressive policies seek to atomize society, breaking down families.
We can’t bury our heads. It’s coming.
“Oh wait - that was life for the boomers.”
Where did you get that? Boomers had no different lifestyle that what exists today. Their parents had the ability to buy a house cash.
“Maybe if boomers STOPPED STEALING MONEY from us, we could actually make some progress!”
Hate to tell you but the tax rate today is no worse than decades past.
Please...tell us more about how your people are stealing from you.
the more frugal one bore the weight of societal stigma
********
Living at home with mommy and daddy is not necessarily a frugal choice. Often such “kids” will blow their money on cars, clothes and entertainment. I have seen this firsthand in our own neighborhood. Because they have few expenses they can indulge their every desire. The consequence of this free living is, of course, often at the cost of gaining independence and self-sufficiency that is ncessary for adulthood.
Get a second job. Or, better still, learn a more marketable skill.
I have two jobs. Stop stealing money from me to fund your SS.
It’s called social security payroll taxes.
Leaches!!!
“Where did you get that? Boomers had no different lifestyle that what exists today.”
Yeah, they have a different lifestyle from today. Very, very different.
“Hate to tell you but the tax rate today is no worse than decades past.”
The rate may be the same, but the pay is not. Same rate, lower pay. Fewer hours, young people are getting crushed by this recession.
There has been a huge shift with Millennials regarding living with their parents as well as home ownership. They are not bothered, and there is no social stigma, by living with their parents. They also do not value home ownership as much as prior generations. And given that Millennials are the largest cohort in history their views are going to have a profound impact on the country.
I moved home after college in August and by October, I had a “real” job. It just didn’t pay very much. But you have to start somewhere. My parents didn’t mind because I was pretty adaptable and they really didn’t know me. I was home every night and stayed pretty quiet. But I was not a basement kid. I did stuff with them all the time. By the next May, I moved out.
The problem comes when the child doesn’t have a plan of any type.
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