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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

#141

Post by jlokier »

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…

Where I live, most property agents will do a credit and income check, and would turn you away for not meeting the "minimum income level" for renting those places.

Even if you feel you can afford spending 50% of your income, it doesn't follow that you can easily find a landlord who allows it.

If you have a bad credit rating, as many people do these days, it will be even more difficult as more landlords check that than income.

In my case, where I am currently living, I had insufficient income at the time I moved in to qualify, and was only allowed to rent on the condition that I paid 12 months rent up front. And then I had to do it again the following year. Obviously that's only available to people with decent savings.

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

#142

Post by racl101 »

square_usual wrote: post #53

Chiming in with the rest here. Moved in with my parents, and honestly I think this is great. I've traded in a bit of freedom for much healthier meals and people to talk with. I'm also saving a ton on rent, to the point where I'm throwing in nearly 70% of my paycheck into savings. I'm not thinking of keeping this up in the long term, but I'm glad I did this for now.

Exactly.

If you have the opportunity take it.

In other parts of the planet there isn't this weird pride that means the only way to assert independence is by having your own place.

Most parents are happy that you just keep the area clean and chip in for groceries and rent.

What's so bad about that?

I guess it's only a bummer when you wanna get laid, but there's probably ways around that.

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

#143

Post by jermaustin1 »

srtjstjsj wrote: post #126
School-Cotton wrote: post #78

Earlier quoted context omitted.

Sorry to nitpick but the social isolation and massive unemployment are being caused by our response to the pandemic, not by the pandemic itself. Lockdowns are a choice, with tradeoffs.

Death or lifelong respiratory syndrome isn't a great way to live either.

Especially death. Death is a HORRIBLE way to live. /s

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

#144

Post by wonderwonder »

selfhoster11 wrote: post #100
save_ferris wrote: post #56

Earlier quoted context omitted.

That may be true academically, but it’s important to point out that everything doesn’t just go back to normal when the textbook definition has ended. The wealth transfer from working class to the rich in 2008 was staggering, and so many people feel that we never really recovered from that crisis.

It really felt like the 2008 crisis never ended, it just trailed off into an exponential decay.

This really does do a good job of explaining it, I feel the same way, you just said it better than me.

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

#145

Post by srtjstjsj »

compscistd wrote: post #102
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...

I was in a similar boat. I eventually said sure why not, might actually be great! , sold my house, and moved back in with them. A month later and now I live with my sibling because I hit my breaking point.

Try online therapy?

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

#146

Post by racl101 »

joaomacp wrote: post #87
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 ecologic…

Exactly. It's society that puts a premium on success = more material goods and your own living.

The only time I think it's a real bummer is when you want to get laid. But even in other cultures you work that out.

But, really, being part of a community and sharing resources is supposed to be a good thing.

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

#147

Post by srtjstjsj »

claudeganon wrote: post #110
joaomacp wrote: post #87

Earlier quoted context omitted.

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 ecologic…

But in America, at least, a lot of people’s parents are fully gone down the road of selfishness and cruelty. It would be nice if we had a culture that encouraged multigenerational support, but you can’t pull that out of thin air. It’s something that would’ve needed to be in place prior to the pandemic. I think millennials may come out changed from this, as, at least in my experience, we’re already more supportive of…

The suburbs are similar. Dealing with bad relationships by spreading farther apart is economically and ecologically terrible. We need to fix the people.

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

#148

Post by fullshark »

joaomacp wrote: post #87
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 ecologic…

Need to redefine courtship culturally in the western world and we can make it work, that's the biggest friction with having young adults back home. It used to be, and in many cultures it is still true, that the parents were heavily involved in that process, but the western world moved away from that dynamic.

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

#149

Post by luckylion »

messe wrote: post #119
qwerty1234599 wrote: post #116

Earlier quoted context omitted.

High tax rates are what causes this. You are effectively giving away half your wage to sustain a completely unknown person leeching off the government.

This is blatantly false. Income tax on higher earners in the UK has decreased since the 1970s/1980s when IIRC the highest tax bands were over 70%, if not higher.

Have they fallen generally, or has the highest tax band fallen?

Germany had the highest tax rate > 50%, it's now 42/45%. At the same time, the income required to be taxed at that rate hasn't changed with inflation, so while it was e.g. 52.152€ in 2002, it's 57.051€ now - adjusted for inflation, it would have to be closer to 75k€.

Lowering the top marginal tax while not adjusting for inflation so more people get pushed into higher tax brackets from below is great if you're rich, but shit if you're not.

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

#150

Post by dontbestpuid »

srtjstjsj wrote: post #122
sandworm101 wrote: post #104

Earlier quoted context omitted.

>> WW2 was of course a much more trying time Really? Lives were lost, but WWII came and went rather quickly, a handful of years. Millenials are dealing with multi-decade problems, potential solutions to which are discussed in terms of generations, decades rather than years. For perspective: US WWII deaths: 407k over ~6 years. US COVID Deaths: 196k and counting over ONE year. So, even adjusted for population growth, t…

Did you forget that non-white people existed in the USA 1945-1965? Or did their experience not matter?

You're stupid
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