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The majority of 18- to 29-year-olds in the US are now living with their parents

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Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#81

Post by compscistd »

bengale wrote: post #40
wonderwonder wrote: post #11

Millennials face a very real risk of being a lost generation financially. They have endured 2 major, years long recessions, and now the Covid pandemic coupled with social isolation and massive unemployment that does not appear to have an end date in sight. Housing is more expensive for them than prior generations, wages are stagnant, school is expensive and social conflict is also currently on deck. WW2 was of course…

The optomisit in me hopes that when the truth about climate change really dawns then the effort to battle it could cause a similar transfer of wealth to a post war rebuilding. Lets hope we can actually solve the problem though or it wont matter much.

In an era of rampant misinformation feeding reality-denial, I think our collective willingness to respond to global catastrophe is worse off today than a hundred years ago. The US response to the coronavirus epidemic is a great example of this.

You hear it time and time again: people who have personally felt the loss of loved ones to pandemic or wildfire or flood still deny the cause. I fully expect 50% of the (surviving) public to point out that "some scientists disagree" on the cause of global climate change while we slowly perish in a Water World dystopia.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#82

Post by School-Cotton »

x87678r wrote: post #74

Its pretty disgraceful that for 99.99% of millennials covid is just a mild disease. We're shutting down everything for the benefit of baby boomers again. When its all over there will be no thank-you. House prices aren't even getting cheaper so young people again be shafted. Its crazy.

Anecdotally, I find that the lockdown is much more strongly supported among millennials than among older people. They may claim they’re doing it for the benefit of boomers, but did the boomers actually ask for it?

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#83

Post by layoutIfNeeded »

paul_f wrote: post #43

A majority? That's astounding. Unless unemployed, why don't millennials do what we did in our twenties, find two or three roommates and split the rent?

>why don't millennials do what we did in our twenties

Because we're not in our twenties anymore? We're supposed to start families now...

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#84

Post by reflectiv »

zpeti wrote: post #37

I think people need to start realising just how incredibly much the government is now stepping in at each of these crises to make them as smooth as possible. But there is a downside to this. You are not allowing the normal economic effects to happen because you are wanting to keep everything as it is, but then guess what, the status quo stays, and anyone joining the ladder is finding it increasingly difficult. What's…

> But let's be clear, 30-40 years of interventions by governments did this, which is exactly what left leaning people want of government.

You Unironically say this yet Trump (a very right candidate) is the one pumping money into the economy to save his election chances.

The reality is each party wants to spend money where it feels it is important. Republicans/right wingers have given up fiscal responsibility a LOOOOOONG time ago.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#85

Post by [deleted] »

iso1631 wrote: post #50
collyw wrote: post #13

Earlier quoted context omitted.

I will probably be going against the grain here, but I managed to rent a flat by myself while in university years ago with a part time job in a supermarket at weekends and applying for some hardship funds and other money available at the time. Rents have risen a lot since then, but is it really impossible for someone in work to be able to afford rent? Or are they insisting on living in a fashionable part of town? (Fo…

I started as a trainee broadcast engineer in London on £17,800 a year in 2003. This left me with £1,082 a month (back then student loan payments were far higher than now). Rent for a tiny bedsit with a shared bathroom was £520 a month, 2 mile walk from work. I could live further out, but commuting costs outweighed any savings. That's the equivalent of £828 a month now. Bills were included. You can actually pick up a…

[deleted]

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#86

Post by Humdeee »

paul_f wrote: post #49
wonderwonder wrote: post #11

Millennials face a very real risk of being a lost generation financially. They have endured 2 major, years long recessions, and now the Covid pandemic coupled with social isolation and massive unemployment that does not appear to have an end date in sight. Housing is more expensive for them than prior generations, wages are stagnant, school is expensive and social conflict is also currently on deck. WW2 was of course…

"Major, years-long recessions"? In the lives of anyone 25 and under, there have been three recessions, the current 7-month recession, the 2008 recession which lasted 18-months, and the 2001 recession which lasted 8-months. Recessions in the US almost never last more than a year. https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit...

The slow recovery and after effects is also part of that timeline.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#87

Post by joaomacp »

xchaotic wrote: post #17

Multi generation homes used to be norm but societies became wealthy enough to move away from that ( and various frictions it creates) looks like we’re literally moving back. Good for the environment, bad for the economy and mental well being.

Is it really bad for mental well being? I know a lot of people nowadays (including me) have the desire to live separately from parents. But mental health has been going down, with increasing rates of reported loneliness and isolation.

Society has made us individualistic / "independent". But has it really made our mental health better?

Edit: and as others have pointed out, more people living separately is not ecologically efficient / sustainable.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#88

Post by wonderwonder »

zpeti wrote: post #37

I think people need to start realising just how incredibly much the government is now stepping in at each of these crises to make them as smooth as possible. But there is a downside to this. You are not allowing the normal economic effects to happen because you are wanting to keep everything as it is, but then guess what, the status quo stays, and anyone joining the ladder is finding it increasingly difficult. What's…

"millennials shouldn't be arguing for more government intervention, but less"

Your argument that government intervention is bad for millennials is flawed. Without government intervention such as eviction moratoriums, unemployment benefits and federal government stimulus checks there would have been massive homelessness. Prior to the pandemic 40% of americans could not cover a $400 emergency, all of these people would have been on the street without the government stepping in. At one point the unemployment rate as 15%. I cant really see how this would have been good for them.

I would argue that specific and targeted government intervention such as complete student loan forgiveness would have a massive beneficial effect on millenials.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#89

Post by helen___keller »

dcdevthrowaway wrote: post #44
CalRobert wrote: post #23

Those parents often shout about "greedy developers" (or, if pressed, "parking and neighbourhood character") when, heaven forfend, someone tries to build new homes near them. Treating homes an investment was one of the worst mistakes of the 20th century.

You say mistake as if it were an intentional choice that turned out to be a bad one. I don't know my history of this subject very well, did policymakers really sit down and encourage homes to be treated as investment, leading them to become less affordable? Or were homes becoming less affordable just the natural consequence of having an expanding population and fixed supply of land? I'd always sort of assumed the lat…

A consequence of low-density policy built in the days of white flight and redlining, actually.

After a few decades of nobody having the rights to control their own property, it became ingrained that this is how it should be.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#90

Post by caymanjim »

Wowfunhappy wrote: post #9

I'm 26. Since the pandemic hit, my parents have been trying to convince me to move back in with them. I'm working remotely now, they say, so I don't have to live in the city, so I might as well live with them, right? I have to keep making different excuses. They don't seem to quite get the message that as much as I love them, I just don't want to live with them...

If you're doing ok on your own and your parents aren't worried about your financial capacity, they're probably just worried in general, about your physical or mental health, or their own. Sounds more like they just have the same general anxiety as most of us. They might want it for themselves more than you.
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