Posted on 01/12/2024 11:32:41 AM PST by ChicagoConservative27
The rising cost of housing is keeping many Gen Zers from living on their own.
A recent Credit Karma survey of 1,249 U.S. adults found that 31 percent of Gen Z live at home with a parent or other family member.
And this number could go up.
Among Gen Zers that have left the nest, 27 percent told Credit Karma that they can no longer afford their rent.
The struggle to make rent is causing some to reconsider their living arrangements, with 25 percent of Gen Z and millennial renters saying they are thinking about moving in with family or friends to make ends meet.
(Excerpt) Read more at thehill.com ...
“With “Gen Z” being born between 1997 and 2012”
That’s age range from 12 to 27. Without doing more math, a third of these living at home doesn’t seem out of whack.
Freepers are confusing Gen Z with Millennials. If the distribution of Gen Z is even; most of them are under 18. Where else are they going to live? 3/10’s of them are out of college—and even then, a lot of post grads live at home for a year or so.
And people interacting with them at work are dealing with some pretty green employees.
Let’s give them a few years and see what they can do. I guess they will be my caregivers when I am in the “home.”
Too many Boomers on this thread mocking younger people who are in aggregate having a very tough time. (Note: I was born in 1964)
Yeah, we get Z etc. is sexually confused, obese, unfit and inept.
Children don’t raise themselves.
Gen Z failures are from institutions created by pervert and incompetent Boomers and Xers.
MIT Engineering prof Tom Eagar used to talk about his time at Bethlehem Steel in the 1970s. Where the executives thought they were the greatest business geniuses ever, because they had no competition after WW2. Then the Japs in the 1970s wiped them out.
Or the Boomer academics who all though they were the greatest academic geniuses ever because they all got tenure during the massive university expansions of the 1960’s.
Be thankful for what the Lord allowed you to achieve.
(Proverbs 17) Whoever mocks the poor shows contempt for their Maker;
Completely agree !
We boomers are no great bargain. My son keeps asking if my generation can please die a little faster. He says, “We have no hope of unscrewing anything as long as the boomers are here with their love of the seacoasts ands telling everybody what to do.”
Spot on.
3 kids, 2 in their 20’s and one 1/2 thru college [abroad].
I bought my first house inn 1993 at age 27 for $178k, 3-bed, 2-bath, 7,000- sqft lot, lower to middle class area in the SF Valley. Easily over $1mil today.
My job AS A LAWYER at the time paid about the same as a typical corp worker on the job 3-4 years, about $750/week.
Zero chance any of my kids could do the same.
Agree I’ve done similar calculations on myself and looking back at how much I paid in rent versus how much my job paid ,,and how much college tuition was.
I could not afford to buy the house I live in now, at today’s prices, based on the income I now earn from a job.
Young people are facing a more difficult World financially speaking than we older folks did.
This is the Hill reporting. Members of the Gen Z years were born between 1997 and 2012 and are ages of 12 to 27. It is not surprising at all that 1/3 are still at home. Our grandson 27 has been on his own for four years after college. Our granddaughter is finishing up her internship at a hospital and is still living at home. Our youngest is in junior high school. All from the same generation Z.
I was out of the house when I went to college at 16 and after graduating rented for a few years and bought a house at 26.
My son was out of the house a month after graduating from college and rented until bought a house at 28.
My grandson is a sophomore in college and lives in my guest house during breaks. He is majoring in economics and on the Dean’s list and I expect he will live in the guest house for a few years after graduation since it is harder for the Gen Z to get started than it was when I was young.
Frankly, I see nothing wrong with intergenerational living arrangements. It was done more in this country when people were just starting out and is still the norm in many other cultures. Would you rather pay a stranger to help you with heavy tasks as you age or a strong young relative to help you out?
One reason that Asians have done well is that several generations would live above a small grocery or cafe and seniors and kids would work there. I know a Polish family where grandma, parents and kids live in big house together.
Children that HAVE grown up find it useful to hustle mommy and daddy.
Children that never grew up and had children anyway need to be chastened by having children forever in their lives.
Any way you look at it, We boomers are the grand parents of this wasted generation.
The defining characteristic of the baby boom is that it was the first generation raised on television.
Television was not ubiquitous until 1952 or so.
Those born after WWII between 1946 and 1950 were by and large raised right. TV was not part of their upbringing. The idiocy began with those who were indoctrinated by TV.
I agree.
I think young people have been screwed in endless ways and I feel bad for them.
We complain about Obama’s “fundamental transformation”. We say everything was better when we were kids. We say the middle class is disappearing. And then we look at young people and expect them to suck it up, work hard, and pay $2500 a month for an apartment. There is a reason these people still live at home. It’s not like when I was young.
*Tell me that they’re not patriotic and I’d dropkick their ass through the goalposts of life.*
U R funny.
*Millennials: Born 1981-1996 (27-42 years old)*
Gentlemen that should be our target audience. A 42 year-old knows he’s got limited time to prepare for retirement. Convince them there’s a better way and they can bring in the Zer’s along with them. I’d offer them a Contract-go to the well again. Open their eyes.
Think Roth IRA’s connected to the S & P 500. No taxes on the money invested. A thousand given to everyone at birth and unlimited input until one gets their first $300k. Let them beg borrow or steal it. Let me give my nephews/nieces the $300k untaxed. It would be awesome.
While I fully agree that Z is indoctrinated and unarmed in a battle of wits, I take issue that it is somehow no more financially difficult to move out for them than it was when I did in 1970.
Living expenses are much greater in proportion to basic level job wages than then. Though I doubt that even if expenses/wages proportions were the same this group would be capable of self sufficiency.
Still, I’d hate to be 20 and trying to live on my own right now. And I was HIGHLY motivated when I was 18. A bipolar alcoholic mother is one heck of a motivation for moving out and being self sufficient. I was about ready to live in a tent.
A job at A&W, that's awesome! Anyway, in the late 1960's I moved out at that age and rented a garage room from a divorcee woman with kids, for $100. Had the use of the garage for working on my cars. Was working at a sign company, and most of my money went into modifying my cars. Things got easier when a teen friend asked to move in because his drunk mom was beating him, and he then split the rent. In the old days, us kids moved on before our 20's, many getting married (I did at 23). Things are very different now, with kids not willing to grow up.
Moved out at 18. Never went back. Not up to my parents to raise me past that point.
In some ways you are correct.
The skulls full of mush were enticed with the "free money" of students loans by our government during the 2007/2008 economic crash - with the government using it as a means of creating new debt to keep away from a full-on depression.
Now those skulls have more fully formed - and they realize that they were taken for a ride and have to pay it back.
I don’t blame them any more than I blame the screaming kids at church during the sermon. Anyone who trusted their child’s formation/education to the government and the media instead of rolling up their sleeves and drawing a line in the sand, come hell or high water, has no right to complain that their progeny can’t cope with life.
What do they spend on Cell phones & ‘apps”?
What do they spend on cars?
What do they spend on clothes?
What do they spend on “ENTERTAINMENT”??
What do they spend on DELIVERY OF FOOD???
ZERO SYMPATHY HERE
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