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 ...
The Boomer Delusion Regime:
- US dollar is eternal
- stock market will go up forever
- Boomers were brilliant rather than demographically lucky
- ‘Merica, f#ck yeah military will never be defeated.
No kidding !
(actually 30 years ago, thanks to the “Economic Boom” of the 1980’s.)
I agree with you to some extent, but there’s no need for one young adult to “pay $2500 for an apartment.”
The young adult could marry, or get a roommate, and then there’d be two people paying $2500 for that apartment, not one.
Been gone a long time, wasn’t exactly sure when it shut down but I thought it was in the 80’s.
We lived on Blythe St and at lunch time 8PM there was a line of hundreds of people at Thunderbird Liquor on the corner...
I forgot one, especially specific to the BoomerCon Delusion Regime:
-Reagan was great and wonderful, rather that the originator of the current problems.
It is stunning to ME (Gen X) how much Gen Z spends on DoorDash. But to each his own. . .if they can “afford” it, good for them.
We all spend our money on things we prioritize, and Gen Z prioritizes DoorDash.
Yes, three of my 4 (Gen Y and Z) young adult kids are conservative and vote GOP. One is a libertarian, and. . .doesn’t. Too bad the 3 conservatives live in a blue state (CA) and so their votes don’t matter much, but unfortunately the libertarian lives in a purple state (NC) when each vote matters a lot.
Yes—but now that so many more people go to college, really “living on their own” is not expected until after undergrad or grad school is completed—meaning mid to late 20s.
My young adult children didn’t “live at home after 18” but that’s because they were away at college, and they DID live at home every summer until they were done with college.
Exactly.
1/2 of Gen Z is over 18. Under 18 it should be a given they are living at “home.”
1/4 of these kids are probably living at college. Some are in the military. Very few would be living out of the “home.”
1/4 of these kids are out of college. Probably a lot of them are living away from the parental home.
I doubt if these numbers are that different than they were for previous generations.
This story is much ado about nothing.
I moved back to my 80 year old mom’s house last year after my landlady died and the her family needed to sell the house where I was renting a room. There was almost nothing available for rent and my mom appreciates me being her personal assistant / chef /gardener after her husband passed away in 2020. She has been remarkably accepting of my MLP collection and in return I watch The View with her (Yes, I suffer though that train wreck every morning!). I can understand what these kids are going through. Cheap rent and cheap beater cars are a thing of the past, plus the burden of garbage education and nonstop digital distractions. Fortunately, my son excelled in school and now has a good job with the Federal Government, as does his girlfriend. They are currently renting half a house in Michigan.
Did the Libertarian get "turned" at school and/or through friends?
My progeny and their family are all Conservative. They live in a RED state, so though their votes count, it's sort of the same situation in reverse.
You just nailed it; well done!
Tony Manero lived with his parents and one grandma + his little sis who adored him. Daytime work was in a paint store. That wasn’t so bad. He was 19 according to Wikipedia.
Americans live in bigger homes than ever-own every modern convenience and obesity is a health crisis.
unlike let’s say 1972 when material poverty and hunger were rampant.
A delusion is a false fixed belief that is not amenable to change in light of conflicting evidence.
We’re still missing that conflicting evidence but I am buying new suit for the 95,875th dollar funeral.
-not a boomer.
Don’t be silly denigrating the great one.
Tech was starved for cash.
That “economic boom” which was the computer chip proliferating the globe did not happen coincidentally.
It improved the lives of every man, woman and child on earth. Besides enabling Clinton to cos play economic literacy.
I must’ve missed the posts abt the $1500 IBM PC Jr and folks not owning every modern convenience?
I suspect they didn’t say “when you have your own place” too often.
Multi generational families is the norm in most of the world...it used to be that way here.
They're also not the generation that chose to send our manufacturing, technology, and money to China. However, they are the ones who can't find tech jobs because the previous generations did this.
A lot of apartments were small and shabby then, but the standard back when I was college-aged was to share an apartment while in or just out of school—and if you couldn’t afford your own room, then to literally have a (bed) roommate in another bed in the same room. (As were most college dorm arrangements at the time.)
That standard still works for minimum-wage earners today.
Socrates bedeviled his younger generation, yet somehow, we have bumbled forward into the 21st century.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.