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Half of US young adults live at home, fueling luxury good boom
Posted on 12/15/22 at 7:05 am
Posted on 12/15/22 at 7:05 am
A record number of young adults in the US are currently living at home, and all that saved rent is sparking a luxury boom.
Recent data from the US Census Bureau shows that nearly half of young Americans between ages 18 and 29 are living with their parents today. That's a historical high not seen since the Great Depression era, Morgan Stanley analysts wrote in a Friday note.
The analysts estimated that around 48% of young adults are living with parents in 2022, similar to levels seen in the 1940s.
But that's great news for luxury retailers, because saving on daily necessities like rent and groceries is freeing up disposable income for discretionary spending, a team of Morgan Stanley analysts that Edouard Aubin leads found.”
LINK
Recent data from the US Census Bureau shows that nearly half of young Americans between ages 18 and 29 are living with their parents today. That's a historical high not seen since the Great Depression era, Morgan Stanley analysts wrote in a Friday note.
The analysts estimated that around 48% of young adults are living with parents in 2022, similar to levels seen in the 1940s.
But that's great news for luxury retailers, because saving on daily necessities like rent and groceries is freeing up disposable income for discretionary spending, a team of Morgan Stanley analysts that Edouard Aubin leads found.”
LINK
50
Posted on 12/15/22 at 7:07 am to weagle99
Am I the only one that when I turned 18 was trying as quickly as possible to get the hell out of my parents house?
Posted on 12/15/22 at 7:09 am to weagle99
Each person having their own home was never a sustainable future.
Posted on 12/15/22 at 7:11 am to BlueCheckCertified
Be curious what that age distribution is. A 23 year old living at home is a whole lot different than a 28 year old living at home.
Posted on 12/15/22 at 7:12 am to weagle99
No way in hell could I have lived with my parents until I was 29. I would have gone insane or someone would have died.
By the time I turned 29 I’d been in the Army for 11 years. I couldn’t imagine still mooching off my parents.
By the time I turned 29 I’d been in the Army for 11 years. I couldn’t imagine still mooching off my parents.
Posted on 12/15/22 at 7:12 am to BlueCheckCertified
quote:
Each person having their own home was never a sustainable future
quote:
BlueCheckCertified
Name checks out.
Posted on 12/15/22 at 7:12 am to weagle99
(no message)
This post was edited on 4/15/23 at 8:12 am
Posted on 12/15/22 at 7:14 am to weagle99
quote:
because saving on daily necessities like rent and groceries is freeing up disposable income for discretionary spending
Those are the same people that in 10 years will be bitching about paying rent because they can't afford to buy a house.
Posted on 12/15/22 at 7:14 am to msutiger
quote:
shows no financial responsibility.
If your kids are still living in your house when they are 29 you probably didn’t do a great job of teaching them any type of responsibility.
This post was edited on 12/15/22 at 10:23 am
Posted on 12/15/22 at 7:15 am to weagle99
I wish they broke down the ages differently.
I view 18-22 year olds at home much differently than 26-29 year olds.
I view 18-22 year olds at home much differently than 26-29 year olds.
Posted on 12/15/22 at 7:16 am to weagle99
Universities are a part of the problem too. These are kids that have no understanding about money or what a college degree gets you.
Posted on 12/15/22 at 7:17 am to weagle99
There are multiple reasons why i wouldn’t live at home however, the biggest reason by far is because i can’t do dirty things to my lady friends at my moms house.
My mom would have a heart attack if she walked in and saw a chick tied up in column knots on her, nipple clamps, butt plug, and a wand put on her bean.
I gotta have a fun room where i live for ladies and i can’t be doing that at mommas
My mom would have a heart attack if she walked in and saw a chick tied up in column knots on her, nipple clamps, butt plug, and a wand put on her bean.
I gotta have a fun room where i live for ladies and i can’t be doing that at mommas
Posted on 12/15/22 at 7:18 am to carhartt
quote:
By the time I turned 29 I’d been in the Army for 11 years. I couldn’t imagine still mooching off my parents.
I owned a home and was married with kids at 29.
Posted on 12/15/22 at 7:18 am to weagle99
I guess I did something right because both my kids moved out on their own before they were 20. I missed them not being at home but I'm proud of them for their personal responsibility.
Posted on 12/15/22 at 7:18 am to Jizzy08
quote:
what a college degree gets you.
Not everyone is cut out for College. But they get pushed to it and end up wasting multiple years and countless amounts of money on some useless degree.
Posted on 12/15/22 at 7:19 am to BlueCheckCertified
It's ok. Nobody is judging you for being 30 and living with your parents. Well, maybe a little.
Posted on 12/15/22 at 7:20 am to weagle99
Sooooo…..instead of saving money to live on their own….they are spending money on luxury items. Sounds about right.
Posted on 12/15/22 at 7:21 am to weagle99
quote:i'm not someone who did/does want to live with parents as an adult, but it is kind of funny how we act like people have always moved out right away. a huge part of why certain immigrant groups are so successful is NOT doing this.
The analysts estimated that around 48% of young adults are living with parents in 2022, similar to levels seen in the 1940s.
eta: and obviously living at home to buy luxury goods is retarded
This post was edited on 12/15/22 at 7:26 am
Posted on 12/15/22 at 7:22 am to weagle99
I stayed at my folks house for a couple months when I was working in the area. I paid them rent. Have to admit it was pretty nice.
Posted on 12/15/22 at 7:22 am to weagle99
quote:
A record number of young adults in the US are currently living at home
Is it just me or is this a poorly worded sentence?
I assume they mean they live at their parent's home?
When I moved out of my mom's home, I then moved into my own home.
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