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

Posted on 12/15/22 at 7:50 am to
Posted by CunningLinguist
Dallas, TX
Member since Mar 2006
18772 posts
Posted on 12/15/22 at 7:50 am to
If my kids live at home past college, they sure as shite will be paying for their own damn food.
Posted by LSUtoBOOT
Member since Aug 2012
12433 posts
Posted on 12/15/22 at 7:50 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?


My mother and I agreed that when I turned 18 it was time for me to move out. Second best decision I ever made.
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7785 posts
Posted on 12/15/22 at 7:50 am to
quote:

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



Nice fan fiction. This has never happened.
Posted by BatonrougeCajun
Somewhere in Texas
Member since Feb 2008
6061 posts
Posted on 12/15/22 at 7:51 am to
This is more on the parents than the kids
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55654 posts
Posted on 12/15/22 at 7:51 am to
quote:

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?
white people of all classes do this... meanwhile a ton of indians and pakistanis immigrants built legit generational wealth, in a relatively short amount of time, by not doing this
Posted by Seen
Member since Aug 2022
1127 posts
Posted on 12/15/22 at 7:52 am to
I’m a very liberal white male at 30 who lives with my parents. Hate them because they are bigoted Trump voters. Dad is in his 70s and works 2 jobs while I work part time at Starbucks, 10 hours a week is grueling

Ok, last political OT post
Posted by adamb2151
Houston, Texas
Member since Jun 2013
6586 posts
Posted on 12/15/22 at 7:52 am to
This says more about the generation of parents who raised this generation imo. The generation of everybody gets a trophy, my kid dindu nothing parents. And we wonder why their kids arent responsible for their own lives enough to move out.
Posted by GITiger66
Member since Dec 2019
225 posts
Posted on 12/15/22 at 7:53 am to
This - but then the headline probably wouldnt sound so good

quote:

I wish they broke down the ages differently.

I view 18-22 year olds at home much differently than 26-29 year olds.
Posted by GeauxZone90
Baton Rouge
Member since Jul 2010
2923 posts
Posted on 12/15/22 at 7:54 am to
Lived at home to 27. When I moved out I had a ton of money saved. I moved out for college and came back though so I didn’t live at parents for all that time. Bought a house at 29 and married. Now 32
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
51619 posts
Posted on 12/15/22 at 7:54 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 moved out at 19 and never looked back
Posted by lsusteve1
Member since Dec 2004
41920 posts
Posted on 12/15/22 at 7:57 am to
Just what America needs, more entitled brats living off Mom & Dad til their 30's

God help us if we ever implement a Draft
Posted by EZE Tiger Fan
Member since Jul 2004
50312 posts
Posted on 12/15/22 at 7:59 am to
This is all going according to plan.

Now, not only can they not properly budget, they will start spending on more stuff they don't need.

More personal responsibility and accountability out the window. Just as intended.
Posted by Cheese Grits
Wherever I lay my hat is my home
Member since Apr 2012
54718 posts
Posted on 12/15/22 at 8:01 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


Back then, times were tight and if you had to live at home as an adult, you has a job and contributed to the cookie jar for everybody in the house.

Just the opposite now, kids spend on themselves and to heck with supporting the family unit.
Posted by Codythetiger
Arkansas
Member since Nov 2006
27592 posts
Posted on 12/15/22 at 8:04 am to
I was out of the house and in college at 17

Our receptionist has a 23 year old in the house with no signs of moving out. I asked her about it yesterday and she said her baby was going to stay there as long as he wanted

Does that not hurt growth more than it helps?
Posted by bbarras85
Member since Jul 2021
1978 posts
Posted on 12/15/22 at 8:05 am to
quote:

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?


I am not ashamed to say I lived with my parents until I was 25 years old. The only reason I did this was because I worked out of town 95% of the time and would only actually sleep under their roof 2-4 nights a month. They also charged me 600 a month in rent basically to keep my stuff there (which was refunded in full when I purchased my first home. I am 37 now, married with two kids. The amount of money I was able to save those 7 years (from 18-25) put me in a great financial situation for the future.
Posted by Henry Jones Jr
Member since Jun 2011
68513 posts
Posted on 12/15/22 at 8:06 am to
After college I lived with my parents for almost a year. Even though I love my parents and was appreciative of them helping me out, I could not wait to get out of there and get my own place. I can’t fathom being ok and wanting to live with your parents long term
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27070 posts
Posted on 12/15/22 at 8:07 am to
For those asking for age breakdown, it's in the data files linked in the article:



https://www.census.gov/data/tables/time-series/demo/families/adults.html
Posted by Salmon
On the trails
Member since Feb 2008
83583 posts
Posted on 12/15/22 at 8:08 am to
What a lazy article.

- no delineation of ages or other factors, such as class, education, where they live etc.

- no correlation to young people causing the "luxury good boom", just speculation

- 51% of the people living with their parents say they are going it to "save money", but everyone assumes they are just living lavishly and NOT saving

The quickest way for a young person to save and build base wealth is for them to move in with their parents for a while.

Its certainly smarter than going into massive debt.

And yes, you can accomplish this even with some luxury spending.

Posted by fr33manator
Baton Rouge
Member since Oct 2010
124269 posts
Posted on 12/15/22 at 8:17 am to
There’s a reason birds push their chicks out of the nest after a certain amount of time has passed.


Hell, there are some that push their chicks off of cliff faces.

Posted by Billy Blanks
Member since Dec 2021
3809 posts
Posted on 12/15/22 at 8:21 am to
My brother is damn near 40, has a baby, his wife live with her parents. I'd be embarassed.
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