Posted on 07/17/2014 10:41:06 AM PDT by Hojczyk
A record 57 million Americans, or 18.1% of the population of the United States, lived in multi-generational family households in 2012, double the number who lived in such households in 1980.1
After three decades of steady but measured growth, the arrangement of having multiple generations together under one roof spiked during the Great Recession of 2007-2009 and has kept on growing in the post-recession period, albeit at a slower pace, according to a new Pew Research Center analysis of U.S. Census Bureau data.
Young adults ages 25 to 34 have been a major component of the growth in the population living with multiple generations since 1980—and especially since 2010. By 2012, roughly one-in-four of these young adults (23.6%) lived in multi-generational households, up from 18.7% in 2007 and 11% in 1980.
Young Adults Now More Likely Than Oldest Adults to Live in a Multi-generational HouseholdHistorically, the nation’s oldest Americans have been the age group most likely to live in multi-generational households. But in recent years, younger adults have surpassed older adults in this regard. In 2012, 22.7% of adults ages 85 and older lived in a multi-generational household, just shy of the 23.6% of adults ages 25 to 34 in the same situation.
(Excerpt) Read more at pewsocialtrends.org ...
There are plenty of Godly conservative colleges to choose from, no one is forcing you to send you kids to a liberal brainwashing institution.
This is an ongoing depression.
Do you know that the dept of education took over the student loan racket? They set the rates, demand curriculum, charge taxpayers when kids can’t pay when they can’t get a job AND they provide loans, and collect interest
Do they care about the quality of the kids’ lives or whether they live with their parents? Not as long as they can collect $ while forcing a progressive education
The one I would even consider is $68,000.00 per year. And then what? I would not allow my child to incur that kind of debt
Anyway, this is mot a recession
“Actually, it’s not the Millenials driving this but their parents, who allow the millenials to move home. This has a cascading impact in allowing Millenials, who don’t have to worry about economics and finance, to vote their “social conscience” rather than economic issues.”
While they are ignorant voters, they are feeling the bite of this economy badly. Things we aspired to when we were in our 20s (family of our own and a home to live in) will probably never come to fruition for most of them; if they can’t start families, why move out? I’ve been married nearly twenty years, but if I wasn’t I’d be in no rush to move out and pay somebody else’s mortgage.
In many of these cases, the “kids” just end up as the caretakers for their aging parents; this trend doesn’t bother me in the least (though the 0 birthrate, which sends our government looking to traffic a next generation from elsewhere, does bother me).
“We have kids here with $60,000.00 debt, having not planned well.”
I never understood the college debt issue (I worked full-time while attending college full-time), but these young people today should be wary of spending that time & money just to have 1) the jobs sent elsewhere, or 2) foreigners imported to do it here.
Investing in an education today is very different than it was 30 years ago.
“multi-generational living” today is “still living with your parents”.
“multi-generational living” prior to post-Christian America meant “taking care of grandma in our home”.
Again, another Satanic leftist perversion of God’s plan for people.
Offspring are supposed to “leave and cleave” and form new families.
they will not be able to take care of you in your old age
...and not be willing to take care of you even if they have the means. That’s where I see things going. You had better plan to take care of yourself.
it doesn’t matter how much money you have, at some point, you will not be able to take care of yourself (unless you just die suddenly)
When kids go into that kind of debt it’s not an investment. It’s a rip off.
A summer job? Working and going to school? Not for that kind of money
And you need to know the changes in your state regarding DSS, inheritance dangers, wills, and how the attorneys want to get hold of the estate, if anything is there. No one is safe and your family will not inherit, if some lawyer can get someone, anyone in your family to complain about your parent.
And if you have no money...well the ‘end of life planning’ is there when the money runs out. Medicaid is no longer available to seniors for nursing homes...they are transferred to the non profit of bureaucrats who make those end of life decisions with them. Dementia, no problem, some guy with a license to kill waiting in the wings.
But, I wouldn't just feel that I was letting down my children, but, that I was letting down my great-grand-parents, grand parents, and parents, ALL of which sacrificed and did without their entire lives so that “I” could have a better life than they did.
I take that responsibility seriously, and feel obligated to do my utmost to ensure that my children also have the best chance in life. And “one” of those responsibilities is to ensure that they receive the best education that I can possibly afford.
And if that meant going into debt up to my eyeballs, or getting a 2nd job at McDonalds, so be it. (thankfully I am not forced to make such a sacrifice, but that doesn't negate the fact that I would be willing to)
Now I am not a big believer in just getting a degree, to get a degree. That's not what I am talking about.
I am talking about a situation where my child maybe wanted to become a doctor (and I felt they truly had the intellect to achieve that dream) I would do anything in my power to help them realize that dream. There is no way on earth I would just say... oh well! your on your own! good luck! oh , and sorry if you can't afford medical school! I had to pay my way through college and I think you should too! Or maybe they have an amazing dancing ability and have been accepted to one of the top dance schools in the world, but didn't receive a scholarship... again, no way in heck would I let them miss out on their dream.
I think every situation has to be judged individually based on the circumstances.
Ensuring that ones kids are educated ... Tell me how exactly does that obligate a parent to overpay in one of these colleges in America now
I would not dream of sending my kids to a public high school in my particular district. We pay for private school always have
They have a better education than I did when my parents got hoodwinked by some imposters calling themselves cstholic
“A summer job? Working and going to school? Not for that kind of money”
I’d think kids could make some of that money if they’d stop expecting to vacation away at school for four years (more like five nowadays).
The kids here who have to plan and pay for school would not dream of partying at three hundred dollars a credit. And they won’t suffer libs who treat them like stupid children well, nor those who put down judeoChristian culture.
They won’t even put up with living around it
They won’t put up with not being able to understand the broken English of a foreign teacher at those prices as do the kids I talk to who go to school on their parents
College kids as consumers is the only way to drive down these out of control prices
And working while going to school is not necessary
I just saw a news story about how a big state school here in NJ is attracting Asian students to deal with declining enrollment; it was absurd as a news story considering they were doing that twenty years ago when I was there.
If American students won’t fill these schools, foreign students will. In a few years the first of that batch along the border will be entering colleges (getting in-state resident tuition rates, of course).
No I don’t think so
Asian students have a study ethic from a very early age
I doubt they pay the same as American students who get ripped off. But I don’t know
The whole situation is a racket. The Hispanics who take advantage of in state tuition and scholarships handed to them, perhaps a la Asian students, around here have more money than native texans in general
Our kids (American kids) are low on the ladder
I'm in agreement with you. Many of these kids should not be in this position, having debt to go to college. You don't have the money, don't go, or work your way through college. Parents should not be expected to go in debt for their kids to go to college. I worked my way through college, never asked my parents for money (Dad died when I was 19 and Mom was broke). I'm fortunate enough to have sent my kids to university, and they did me proud by excelling and graduating by 21 years of age.
However, I see other relatives and friends who are not so fortunate, and they're in debt but sending their kids to college, acquiring additional debt they might never escape. Some of these kids are unfocused and have been going for close to ten years with many tens of thousands of debt load. Sad situation.
One of the Left's most brilliant moves was to take over the universities and make the middle class which opposed the Revolution pay for its own destruction.
Plus, the entrenched Leftist intelligentsia lives LARGE at our expense.
See my post #38.
So my answer to kids coming out of college is to not go out and buy that new car right away. Get a job and take a bus to work for a few years.
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