501–510 of 974 posts
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…
> 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…
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Give it a few months and I think house prices will fall!
House prices will never fall significantly. As soon as a house enters the market at anything below the going rate it's bought by a landlord or a rental company. This will keep house prices high forever.
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I don't think it has much to do with wealth. In fact, in old societies primogeniture practiced by the wealthy meant that the eldest son was expected to stay at home. The second sons with limited inheritance often set out on their own. In the US context, it has historical connections to the glorification of pioneerism and expansion through the western frontier (along with the genocide that accompanied that). After tha…
I'm not sure how irrelevant it is (though Covid may change that). If I wasn't engaged I would have gone home to WFH immediately during the pandemic, it would have been nice to spend time there and be with family (rare opportunity for easy ability to work remotely and spend time with family on the east coast). That said, most of the successful people I know moved out to areas with more opportunity and those that staye…
> That said, most of the successful people I know moved out to areas with more opportunity and those that stayed behind (particularly those that live at home) are more likely to have 'personal failings' of some sort.
Sounds like you are almost defining "personal failings" as "unable to gain the skills to compete and thrive in a high opportunity area".
If that's the case, perhaps we should reconsider whether such a high level of achievement should be required in order for a person to establish a basic non extravagant life on their own independent of their parents.
I moved back into my parents house after my lease expired, primarily to have regular social interaction again. > "While moving back home during the pandemic makes sense and is seen as socially acceptable or even smart, it also means you are living with people who still see you as your 18-year-old self." One of the biggest things I’ve noticed among millennials is how many parents fail to understand the emotional and m…
Interestingly in most parts of Asia(East, SE, South), living with your parents is the norm, so parents usually prefer if their kids stay with them but it does mean way less personal space and freedom.
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.
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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.
> Question: How many americans have reached 18 since february? Isn't that mostly canceled out by all the americans reaching 30?
I really love the quote at the end: > I'm a dad who is happy to have his daughter and fiancé living with me. They pay the utilities and make me nice meals, and it makes it a lot less lonely here. ... I like the multi-generational thing. I know it won't last forever, but it makes life better for now. It's so easy to get into that cold statistical mindset about these large-scale trends, but it's good to remember that t…
Now imagine all the human stories that are forced into this situation that aren't heartwarming.
[p.s. one fine day, the internets will unequivocaly sing the same song, with not a single person suffering from misunderstandings. That fine day, HN will do away with anonymous downvotes, since we will be in a state of perfect harmony.]
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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.