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re: Half of US young adults live at home, fueling luxury good boom

Posted on 12/15/22 at 7:22 am to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 12/15/22 at 7:22 am to
quote:


Those are the same people that in 10 years will be bitching about paying rent because they can't afford to buy a house.


Theyre also the one claiming student loans are choking them. They're just softer than Charmin.
Posted by LB84
Member since May 2016
4528 posts
Posted on 12/15/22 at 7:25 am to
quote:

The analysts estimated that around 48% of young adults are living with parents in 2022, similar to levels seen in the 1940s.


It used to be common for extended family to live together. The greatest generation grew up with aunts, uncles, grandparents, and cousins in the house.

Posted by fallguy_1978
Best States #50
Member since Feb 2018
53541 posts
Posted on 12/15/22 at 7:26 am to
Buying designer clothes and handbags because mom and dad are still paying for their housing and food. Sounds responsible
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 12/15/22 at 7:27 am to
quote:


It used to be common for extended family to live together. The greatest generation grew up with aunts, uncles, grandparents, and cousins in the house.


More rural population in those days, farms required extensive labor.
Posted by TygerTyger
Houston
Member since Oct 2010
11143 posts
Posted on 12/15/22 at 7:27 am to
I’m 55. Solid Generation X.

Married, no kids. (My wife had cancer on her ladyparts). But I’d like to think there’s no way in hell I’d fail as badly as it seems a lot of people from Gen X have at raising kids.

Granted, it’s probably the later Gen Xers, or early Millennials, but wow. Y’all really fricked up somewhere.

I mean the collective y’all, not you specifically. I’m sure most of this board did just fine.

I think my generation did ok being raised the way we were. We were latch key kids sometimes, sure. But we played outside with no supervision. We came home when the streetlights came on. We were not overloaded with electronics like PlayStation and Xbox. Yes we had Atari but only a few games and they did not consume us the way games do nowadays. We certainly did not have cell phones or any other electronic leashes. As soon as we were old enough to ride a bicycle and shoot a pellet gun the wilderness of our surrounding neighborhoods was our world to explore and we did so. Helicopter parents didn’t exist yet for most people we got to be wild feral little kids the way it should be.

We built tree houses way too high up and way too dangerously designed. At some point playboys magically appeared in those tree houses and we got to discover what naked women look like. The world was a mystery but we had a burning desire to uncover the secrets of our worlds and did so with reckless abandon.

But somewhere along the way of growing up a bunch of us, or maybe the younger ones turned into neurotic overprotective shitty parents.

What happened?
Posted by chryso
Baton Rouge
Member since Jul 2008
13761 posts
Posted on 12/15/22 at 7:30 am to
quote:

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?


You are not but looking back I have to wonder why.
Posted by LB84
Member since May 2016
4528 posts
Posted on 12/15/22 at 7:33 am to
quote:

early Millennials


The earliest millenials were born in 81. Most of their kids should still be living at home. The oldest kids they should have is 22. Getting knocked up at 18 or under isn't a good decision.
Posted by StupidBinder
Jawja
Member since Oct 2017
6392 posts
Posted on 12/15/22 at 7:34 am to
quote:

Sooooo…..instead of saving money to live on their own….they are spending money on luxury items. Sounds about right.


Exactly.

The former is one thing, two of my kids are currently trying to level up right now.

The latter is another thing and got their older sibling “launched” earlier than she would have liked.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 12/15/22 at 7:34 am to
quote:


But somewhere along the way of growing up a bunch of us, or maybe the younger ones turned into neurotic overprotective shitty parents.


I'm not innocent. I was more protective than my parents. I just think the information age has created mass anxiety and paranoia.
Posted by Pechon
unperson
Member since Oct 2011
7748 posts
Posted on 12/15/22 at 7:34 am to
quote:

Each person having their own home was never a sustainable future.


Elaborate, please.
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 12/15/22 at 7:36 am to
quote:

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?


I had to work the summer to save enough money to get my own place. Varn Villa late night pool parties at 18 was insanely fun times.
Posted by lepdagod
Baton Rouge
Member since Jan 2015
6100 posts
Posted on 12/15/22 at 7:37 am to
quote:

because saving on daily necessities like rent and groceries is freeing up disposable income for discretionary spending


Responsible working people (like myself) are proving to be the fools more and more everyday
Posted by GreatLakesTiger24
Member since May 2012
60710 posts
Posted on 12/15/22 at 7:38 am to
quote:

Responsible working people (like myself) are proving to be the fools more and more everyday

sonny said the working man is a sucker, and he was right
Posted by nola tiger lsu
Member since Nov 2007
7382 posts
Posted on 12/15/22 at 7:39 am to
Even those living elsewhere have their parents pay for everything until 30, ridiculous.
Posted by StringedInstruments
Member since Oct 2013
20908 posts
Posted on 12/15/22 at 7:39 am to
quote:

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.


Yep. When I moved back in with my parents at 22, it was to save up to get married and establish a savings account. I was out before my 23rd birthday.

At 32, it was because I had fricked up in life.

Either way, I was never contributing to a “luxury goods boom.” I was trying to get out asap.
This post was edited on 12/15/22 at 7:45 am
Posted by Daygo85
Member since Aug 2008
3089 posts
Posted on 12/15/22 at 7:43 am to
If your child of a certain age is living at home and they have money for "luxury", you as a parent are doing it wrong.
This post was edited on 12/15/22 at 7:44 am
Posted by wallowinit
Louisiana
Member since Dec 2006
17748 posts
Posted on 12/15/22 at 7:45 am to
quote:

What happened?

24 hour fear porn otherwise known as the 24 hour news cycle happened.
Posted by TheJunction
Mississippi
Member since Oct 2014
2088 posts
Posted on 12/15/22 at 7:46 am to
With home prices being what they are who can blame an unmarried 25 year old for living at home if that is an option instead of renting? Obviously if said 25 year old is blowing it on “luxury goods”, sure that’s a problem, but that is just as indicative on the parents as the kids, why are they allowing it?

But yeah, context means a lot in statistics like this.
This post was edited on 12/15/22 at 7:48 am
Posted by DarthRebel
Tier Five is Alive
Member since Feb 2013
25829 posts
Posted on 12/15/22 at 7:48 am to
quote:

Each person having their own home was never a sustainable future.


Damn, you wanted to up the stupid with this
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
138932 posts
Posted on 12/15/22 at 7:49 am to
The machine wants mindless consumer drones
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