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re: Majority (52%) of 18-29 year olds live with parents.
Posted on 9/16/20 at 4:36 pm to GreenRockTiger
Posted on 9/16/20 at 4:36 pm to GreenRockTiger
I'll add my perspective to the thread. I'm about to turn 29 and live with my parents. I spent 7 years living on my own while in undergrad and law school, and while I am now a lawyer, I certainly don't make the big bucks. I also had issues getting my law license over some BS which cost me a year of my working life and thousands of dollars.
I have a little brother who is a senior in high school, who I have been able to get to know as something other than a little kid when I left for school. I contribute groceries and food and do plenty of work around the house. My family is very tight-knit and our relationship has never been better.
Admittedly, the arrangement has not been great for social life and dating. The area I live is pretty terrible for that anyway so not sure I'd be much better off with my own place.
It is not perfect and I don't plan to stay here indefinitely, but my point is not ever millineal living at home is some loser who plays video games all day.
I have a little brother who is a senior in high school, who I have been able to get to know as something other than a little kid when I left for school. I contribute groceries and food and do plenty of work around the house. My family is very tight-knit and our relationship has never been better.
Admittedly, the arrangement has not been great for social life and dating. The area I live is pretty terrible for that anyway so not sure I'd be much better off with my own place.
It is not perfect and I don't plan to stay here indefinitely, but my point is not ever millineal living at home is some loser who plays video games all day.
0
Posted on 9/16/20 at 4:39 pm to idlewatcher
Things are expensive
Posted on 9/16/20 at 4:43 pm to SEC7070
This isn't that surprising if you think about it.
More people in that age range in college than ever before. More people in that age range getting advanced degrees than ever before. Higher cost of living (especially considering the current renter market bubble).People who are 28-29 caught the back end of the great recession and its slow recovery. People who are 22-25 faced the worst part of the chinavirus job loss.
More people in that age range in college than ever before. More people in that age range getting advanced degrees than ever before. Higher cost of living (especially considering the current renter market bubble).People who are 28-29 caught the back end of the great recession and its slow recovery. People who are 22-25 faced the worst part of the chinavirus job loss.
Posted on 9/16/20 at 5:01 pm to SEC7070
Betas
Posted on 9/16/20 at 5:12 pm to SEC7070
When I graduated from college I immediately got my own place. Most of my money went to rent, utilities, and student loans. There were many weeks where I had a food budget of around $40. "Spending money" was basically zero. It was rough but it was a part of growing up. It made me stronger. The kids today are weak. They are not willing to give up a lifestyle they are used to for personal freedom.
This post was edited on 9/16/20 at 5:42 pm
Posted on 9/16/20 at 5:38 pm to rich4pres
quote:
The kids today are week.
How week?
Posted on 9/16/20 at 5:39 pm to Magician2
quote:
has a liberal arts degree
Posted on 9/16/20 at 5:43 pm to Ancient Astronaut
quote:
How week?
The week I visit your momma every year. Do you not have anybody better to do?
Posted on 9/16/20 at 5:54 pm to SEC7070
quote:
Majority (52%) of 18-29 year olds live with parents.
How many still breastfeed?
Asking for a friend.
Posted on 9/16/20 at 6:00 pm to SEC7070
Lazy fricks should join the military and make something of their lives.
Posted on 9/16/20 at 6:21 pm to SEC7070
Federally guaranteed and predatory student loans are a big reason why
It isn’t all laziness. Bad decisions, sure; but this student loan crisis and what it’s done to the cost of an education has got to be addressed.
It isn’t all laziness. Bad decisions, sure; but this student loan crisis and what it’s done to the cost of an education has got to be addressed.
Posted on 9/16/20 at 6:23 pm to Eric Nies Grind Time
quote:
The job market is terrible right now.
So is the price of buying a house.
Posted on 9/16/20 at 6:25 pm to Forever
quote:
It’s not a loaded statistic that’s like saying that the heart disease death rate is a loaded statistic because everyone in our society is obese. The fact that 18 year olds can’t move out is a symptom of our unhealthy society, not a cause of it.
There are 18 and 19 year olds still in high school. What about college kids between the ages of 18-23? If their permanent address is still their parents’ then are they counted too? Just a really misleading age group to choose for this stat IMO
Posted on 9/16/20 at 6:28 pm to Ancient Astronaut
Real estate costs make it a lot harder than 30 plus years ago when I was 20.
Posted on 9/16/20 at 6:36 pm to Forever
quote:
I’m not trying to insult your career choice but being in sales is considered a truly terrible job and quality of life by a lot of people, and that’s basically the only viable high-ish paying job for young college grads other than owning a business or working for EY, Turner, Deloitte, etc. in today’s job market.
I’m not sure how I should interpret that. Are you saying the state of the job market/economy is preventing a lot of young folks from living on their own? Are you taking a swipe at sales and “business jobs”? Some of both?
Out of curiosity, what would you call a “good job”? What would your expectations be for a good life? I know plenty of young people, under 30, who are building equity in nice homes, growing businesses, climbing career ladders, maxing their retirement accounts, buying Tahoes, taking vacations, having kids...doing the stuff that used to define the American dream.
Posted on 9/16/20 at 6:38 pm to SEC7070
No surprise there. It’s the scourge of our existence at this time. Useless, petulant, entitled,noncontributing members of society. Antifa recruitment made easy.
Posted on 9/16/20 at 6:42 pm to SEC7070
Keeps housing prices down
Posted on 9/16/20 at 6:44 pm to Enos Burdette
quote:
I’m not sure how I should interpret that. Are you saying the state of the job market/economy is preventing a lot of young folks from living on their own? Are you taking a swipe at sales and “business jobs”? Some of both?
Out of curiosity, what would you call a “good job”? What would your expectations be for a good life? I know plenty of young people, under 30, who are building equity in nice homes, growing businesses, climbing career ladders, maxing their retirement accounts, buying Tahoes, taking vacations, having kids...doing the stuff that used to define the American dream.
I think what he's saying is that most young people out of college start out making between $35-45k which is barely enough to pay rent and take care of yourself, much less start saving for a down payment on a house. The people who make more, work like slaves (EY, Deloitte, etc) and have no time to enjoy life. The people in sales who make a lot also work ungodly hours and so many of those sales jobs kids out of college take are pyramid schemes with the top making a lot of money and the bottom making jack shite, and it's all commission based with the "managers" taking the biggest cut from all of their underlings. The job market for entry level jobs for college students is pretty shitty. I'm glad I'm not that age. That's for sure.
This post was edited on 9/16/20 at 6:45 pm
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