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re: Majority of millennials financially rely on parents
Posted on 4/20/19 at 8:02 am to Homesick Tiger
Posted on 4/20/19 at 8:02 am to Homesick Tiger
I don't know anyone like this at my age (early 30s), but the majority of my workforce are college age girls and it fits them to a tee. They either live at home (almost exclusively want to be teachers) or Mom and Dad pay their rent while they work 10 hrs/wk for beer/weed money. They have honest to god emotional meltdowns about having to pay bills or see their college advisor. They have dreams of moving to Nashville or Asheville, but they have zero marketable skills, no idea what they want to do (will likely bartend tbh), and actively avoid picking up extra hours or responsibility.
1
Posted on 4/20/19 at 8:07 am to BestBanker
quote:
I couldn't even afford a lifestyle out of college. Lifestyle was created!
There's this delusion that people graduated 40 years ago and stepped right into a lavish lifestyle. Most people I know had roomates for a few years getting established.
Of course, individuality and independence was favored in those days.
This post was edited on 4/20/19 at 8:08 am
Posted on 4/20/19 at 8:08 am to Homesick Tiger
Funny bc I'm a millennial and have 1/2 a mil cash in the bank :/
Posted on 4/20/19 at 8:11 am to RogerTheShrubber
quote:
Most people I know had roomates for a few years getting established.
Yep. I had the same roommate in that trailer for 10 years. He bought it from me when I moved to Ark. permanently.
Posted on 4/20/19 at 8:26 am to Homesick Tiger
quote:
A new Merrill Lynch/Age Wave survey given exclusively to USA TODAY found 70 percent of adults ages 18 to 34 received financial support from their parents within the last year
I find this sickening. I'm almost 36, so I guess I don't fall into the millennial category (I don't know what the parameters are).
I think the last time I received any financial support from my parents was when I was 19 and I was short on rent money for the month. I borrowed $200 from my dad, along with a lecture about financial responsibility and a guilt trip. I paid him back a month later, and have never asked him for money since.
Posted on 4/20/19 at 8:28 am to Homesick Tiger
This isn’t a failure of just one thing. Anyone that wants to prescribe it to something that neatly fits their narrative is wrong.
Posted on 4/20/19 at 8:32 am to Homesick Tiger
The blue collar kids from my small hometown live at home and spend their paychecks on trucks, hunting, child support, and boats.
Muh trades!!
Muh trades!!
Posted on 4/20/19 at 8:35 am to Muthsera
quote:doesn't exactly mean "Majority of millennials financially rely on parents"
A new Merrill Lynch/Age Wave survey given exclusively to USA TODAY found 70 percent of adults ages 18 to 34 received financial support from their parents within the last year,
Regardless, I call bull shite
Posted on 4/20/19 at 8:44 am to Homesick Tiger
quote:
A new Merrill Lynch/Age Wave survey given exclusively to USA TODAY found 70 percent of adults ages 18 to 34 received financial support from their parents within the last year, with almost three in five millennials saying they couldn’t afford their lifestyles without the support.
Meh.
Let’s pull all the 18-25 year olds who are in college or grad school out and then see the number.
I expect college and grad school students to receive assistance from their parents if their parents can afford it.
Posted on 4/20/19 at 8:54 am to Homesick Tiger
Here is the worst case I've seen IRL. A close friend of mine is 82. Around age 25 he got married (still current wife) and they had a daughter. When the daughter was in her 20s she got pregnant and dropped the baby girl off with Granpa and Grandma.
When the baby girl got into her 20s she got pregnant and dropped the baby girl off with now Great Grandpa and Great Grandma.
He constantly bitches about the burden of raising children for 60 years. All because he couldn't say "Raise your own damn kids!"
These parents ALLOW their millennial children to rely on them instead of kicking their asses out of the nest.
When the baby girl got into her 20s she got pregnant and dropped the baby girl off with now Great Grandpa and Great Grandma.
He constantly bitches about the burden of raising children for 60 years. All because he couldn't say "Raise your own damn kids!"
These parents ALLOW their millennial children to rely on them instead of kicking their asses out of the nest.
Posted on 4/20/19 at 8:55 am to Zach
quote:this board probably hates drug dealers more than junkies. makes you think
These parents ALLOW their millennial children to rely on them instead of kicking their asses out of the nest.
Posted on 4/20/19 at 8:57 am to GreatLakesTiger24
quote:
this board probably hates drug dealers more than junkies.
Wait.
Are there people who hate junkies more than drug dealers?
Posted on 4/20/19 at 8:58 am to Antonio Moss
quote:raises hand
Are there people who hate junkies more than drug dealers?
Posted on 4/20/19 at 8:59 am to t00f
quote:
all the millennials on here are OT ballers and how dare we question their independence.
Question whatever you want. I own my own house and earn my own paper.
Posted on 4/20/19 at 9:01 am to GreatLakesTiger24
quote:
raises hand
That’s strange
Posted on 4/20/19 at 9:37 am to BestBanker
Alright then, downvoters. Tell us who's consuming all the beard wax? Huh?
Posted on 4/20/19 at 9:56 am to BestBanker
I'm 47 so far from a millennial, but this stat is garbage.
Let's see the percent of 24-34 year olds who are financially independent.
I expect to help my kids financially from ages 18-22 maybe 24 if they go to law, dental, or graduate school.
My parents helped me tremendously until I finished graduate school at age 24 and now I am in a position to help my kids through 18-24.
I think this is how it is supposed to work.
Now people 24-34 need to be independent, and getting ready to lay the ground work to raise their own family.
Let's see the percent of 24-34 year olds who are financially independent.
I expect to help my kids financially from ages 18-22 maybe 24 if they go to law, dental, or graduate school.
My parents helped me tremendously until I finished graduate school at age 24 and now I am in a position to help my kids through 18-24.
I think this is how it is supposed to work.
Now people 24-34 need to be independent, and getting ready to lay the ground work to raise their own family.
Posted on 4/20/19 at 9:59 am to bird35
quote:Lotta people on here have a chip on their shoulder about being on their own at a young age, but you're right. Having your parents help you during college (or whatever you do right out of high school)
My parents helped me tremendously until I finished graduate school at age 24 and now I am in a position to help my kids through 18-24.
I think this is how it is supposed to work.
is not a bad thing whatsoever.
Posted on 4/20/19 at 10:02 am to GreatLakesTiger24
quote:
Having your parents help you during college (or whatever you do right out of high school)
is not a bad thing whatsoever.
I would argue that even more than “not being a bad thing,” it’s a tremendously positive thing for society.
Posted on 4/20/19 at 10:05 am to Homesick Tiger
Yeah I don't believe this.
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