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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

#491

Post by __s »

stripline wrote: post #484
Valgrim wrote: post #459

Earlier quoted context omitted.

Question: How many americans have reached 18 since february? Census says 4,021,726 americans were born in 2002, so 7 months since february: (7/12*4,021,726=2,346,006) + immigration... I'm not so sure this is how we should read those numbers. It could also mean that the majority of young people reaching 18 chose to stay with their parents a bit longer because of the pandemic.

I would think that the number of people turning 18 would be offset by the number of 29 year-olds living with their parents that turned 30 in the same time.

Nope. Right now is a time where 18 year olds are less likely to move out. Meanwhile most 29 year olds would've moved out already before now

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

#492

Post by gross_anat »

harimau777 wrote: post #276
dcolkitt wrote: post #246

> Housing is more expensive for them than prior generations I harp on this constantly. But housing is not more expensive in the majority of American metros. Adjusted for inflation the median cost per square foot of new housing is almost exactly the same as it was in 1990. (This doesn't even take into account that mortgage rates are drastically lower since then.) We get skewed on this for two reasons. One is because h…

It seems to me that the places where cost of living is still low is places that people don't want to actually live. Whereas in previous generations regular people could afford to live in interesting parts of the country.

if you think sf/ny/dc are interesting places to live i feel sorry for you. the cities are mostly delivery folk working for peanuts and everyone else walking around with earbuds in looking down or holed up in a tower with a guard. wealthy ppl just steal and commodify culture they don't create it. the forest is interesting, a cafe in a small town can be very interesting. everytime i'm in sf i feel something being extracted from me

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

#493

Post by kiddico »

irrational wrote: post #480

My 21 and 23 year old daughters have moved back in with us. They stay up until the wee hours of the morning watching streaming media, then wake up mid afternoon to get on social media, eat dinner with us and then repeat. I can't wait till they leave. At least when they are living on their own I don't have to know about their bad habits.

Other than that just being a rather boring way to spend their time, what about their day-to-day is a bad habit in your mind?

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

#494

Post by amelius »

Tarsul wrote: post #428

I'm sorry but the title is misleading. It's not that 30M young people (18-29) are living with their parents due to Corona but more that the number has grown from 24M to 26,6M in America [!] since February. Meaning the title should rather be: "The pandemic has pushed 2,6M young Americans to move in with their parents." see the linked source from the article: https://www.pewresearch.org/fact-tank/2020/09/04/a-majority-…

The point is that it's now a majority.

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

#495

Post by lordnacho »

quaffapint wrote: post #161
Philip-J-Fry wrote: post #94

I'm my early 20s and in the UK. I earn more than my Dad who is in his 50s. He managed to get a house, have money left over for an expensive hobby, decent car, the odd holiday etc. I'm a 90th percentile earner. Will 95+ percentile earner in a few years time. Yet it feels like I am not as well off as I should be. I don't live in an expensive area either. Yet I need to save so much money to even have the opportunity to…

I chalk it up to things simply costing more. I make more than my dad did. I dont take any major vacations, go out much, or live in a McMansion, yet we struggle to save.As a kid we took lots of vacations, they saved a good amount of money (stock market was good for them) and are doing well for themselves. I imagine it's only going to be worse for my kids.

> I chalk it up to things simply costing more.

Every price is an exchange rate. If things cost more, it's because your income gets less stuff.

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

#496

Post by chillwaves »

irrational wrote: post #480

My 21 and 23 year old daughters have moved back in with us. They stay up until the wee hours of the morning watching streaming media, then wake up mid afternoon to get on social media, eat dinner with us and then repeat. I can't wait till they leave. At least when they are living on their own I don't have to know about their bad habits.

Speaking from the younger generations perspective, this is a great way to destroy the relationship with your adult children.

I'm sure it doesn't feel great for them to be dependent on you and face your scorn on a daily basis. I just hope the situation will never be reversed, for your sake.

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

#497

Post by confidantlake »

ApolloFortyNine wrote: post #434
babelfish wrote: post #393

Earlier quoted context omitted.

> Two is that we're highly skewed to a handful of elite metros, whose housing markets are not representative of the country as a whole Right, but what matters is the housing price where people are. It doesn't matter what the housing market looks like in South Dakota if I don't want to live there. While houses in South Dakota may be 1/10 the price of houses in NYC (likely cheaper, honestly), they also have 1/10 the po…

>And it's simply not feasible for the vast majority of people living paycheck to paycheck to just up and leave to Raleigh like you imply. There was a time where people would move countries with nothing but what they can carry at a chance of improving their life. At a time where the only way to travel was by boat for weeks and the only way to communicate to relatives was by mail. Now we balk at the idea of moving citi…

But the economic opportunities are much greater in the DC area than Richmond.

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

#498

Post by dheera »

It's worth noting that a huge number of universities and colleges have shut their doors and doing online learning, which accounts for probably a large number of the 18-22 year olds and many of the 23-25 years olds.

Unemployment is a thing, but there are also many people who have gone home because they can't be social with friends during lockdown and for some, being social with parents is better than being alone.

And then there are people with kids who can't cope with the kids being around at home (instead of school) while trying to do work at the same time, so they use their parents' free babysitting services.

In short, there are many people who are choosing to be home for very valid reasons rather than NEET and economically forced to be home.

There really isn't enough data in this article to make much sense of how to interpret this. Numbers split out by reasons would be nice.

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

#499

Post by chillwaves »

koolba wrote: post #490
irrational wrote: post #480

My 21 and 23 year old daughters have moved back in with us. They stay up until the wee hours of the morning watching streaming media, then wake up mid afternoon to get on social media, eat dinner with us and then repeat. I can't wait till they leave. At least when they are living on their own I don't have to know about their bad habits.

Do you blame the outside world for molding them as such or is this an example of reaping what you’ve sown?

I don't see it as a matter of blame, just the convergence of technology with human nature.

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

#500

Post by unemphysbro »

I did it. Spend the last decade trying to get into graduate school/graduate school. Finished up my phd this year as covid hit while I'm job hunting in industry. I couldn't justify spending my savings on rent.

So far, it's been mutually beneficial, I keep my savings to a minimum while I job hunt and I help around wherever I can.

It's also been great reconnecting with my parents as more mature person.

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