Posted on 12/21/2016 12:50:29 PM PST by blam
Tyler Durden
December 21,2016
Millennials finally get to claim a trophy for an achievement they actually earned (no participation medals here)...that's right, Millennials have officially set a 75-year record for highest percentage of young adults living at home with mom. At just under 40%, Millennials are barely shy of the all-time record of 40.9% set in 1940, after the end of the Great Depression. For once, we have every confidence that our young snowflakes will excel in crushing this longstanding record. Per the Wall Street Journal:
Almost 40% of young Americans were living with their parents, siblings or other relatives in 2015, the largest percentage since 1940, according to an analysis of census data by real estate tracker Trulia.
Despite a rebounding economy and recent job growth, the share of those between the ages of 18 and 34 doubling up with parents or other family members has been rising since 2005. Back then, before the start of the last recession, roughly one out of three were living with family.
The trend runs counter to that of previous economic cycles, when after a recession-related spike, the number of younger Americans living with relatives declined as the economy improved.
(snip)
(Excerpt) Read more at zerohedge.com ...
“the “kids” are still here”
Just start walking around in your underwear when they have guests over. If they complain, say “my house, my rules” :)
“...returning to normal behavior...”
Sadly I doubt this. Anecdotal: of my daughter’s early 20’s something friends who returned home, many do sit around and watch netflix and (especially the males) play video games endlessly.
These are the offspring of successful parents, usually, and many went to college.
Luckily our daughters did not move home and made the push to be independent - but the trend within their peer cohort is there and not healthy.
That hasn’t worked to date.
That hasn’t worked to date.
“These are the offspring of successful parents, usually, and many went to college.”
I have noticed that my son’s friends who went to college mostly moved back in with their parents.
Sadly, most of those college “educated” are now 30 or older and STILL living with mom and dad and some of them have married and have kids.
The majority who went to work straight out of HS moved out on their own by the time they were 23.
They are much better off financially than their college educated peers.
You need to escalate then. Maybe disconnect the cable & internet service and tell the kids “I’m going off the grid”.
Does it differ between single moms and those homes with a father?
I don’t understand fathers letting some bum live in sin with his daughter in his own home.
Agree on the regional issue. My daughter and son-in-law live with us. They have a 3 1/2 year old and a newborn. S-i-L works full time and is going to school to get his electrician’s license. Daughter now stays at home with the kids, and will home-school. They are saving to be able to buy a modest home, but we are in a “collar” suburb of Philly and also a “bedroom” community for NY commuters. Rents are insane, buying a house is even more so! Choices are pretty much McMansions at half-a-mill., poorly-built & shoved together townhouses or older “fixer-uppers” that will cost minimum 50K to be livable.
They were renting in an area that is going downhill fast ad getting very scary. When baby #1 was on the way, we asked them if they wanted to move in. We have separate areas in the house, and it’s been working out fine. And I get to see 2 of my grand-babies everyday, LOVE that!
You are a good dad:) The Boston area is horrid concerning rent & home prices. I live in what used to be a nice, middle class inner Boston suburb, these days....new construction, if you can get it, costs 1.4 million. The town is now an upper middle class town with pockets of real wealth. Kids who grew up here simply cannot live here after getting out of school.
Whopps...you might be a mom. In any case you are a good parent.
Yep, I’m a Mom, and thanks!! Side note — my 2 other kids live in Acton, MA (expensive Boston suburb) and Alexandria, VA (mega-expensive DC suburb). They’re there because that’s where their jobs have taken them. They sometimes get caught up in the paycheck-to-paycheck struggle - we help them out when they need it, not often, but we’re there.
I know Acton well. Nice town. A lot of young couples are moving to that area because it’s still somewhat affordable.
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