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Over Half of U.S. Young Adults Now Live with Their Parents

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Re: Over Half of U.S. Young Adults Now Live with Their Parents

#11
post #4

Earlier quoted context omitted.

I'm confused, in what way has the government deincentivized/roadblocked marriage?

https://www.investopedia.com/terms/m/marriage-penalty.asp

This penalty basically starts at 250k in combined income. The median household income is $60,700 as of 2018.

Re: Over Half of U.S. Young Adults Now Live with Their Parents

#12
My heart goes out to the young adults forced to continue to live in abusive family situations due to economic instability right now. Achieving financial independence from my parents probably saved my life as a young adult, and I worry for young people in bad situations who will now have trouble getting away.

Re: Over Half of U.S. Young Adults Now Live with Their Parents

#13
post #5

The fact that we have deincentivized marriage is a huge issue. Married couples are usually wealthier but everything that used to push people to do that has been roadblocked by govt.

I worked with a bunch of "millennials" at my previous job (the entire social media team). This is anecdotal, but, yeah, a lot of them were worried about having a stable career first before they could commit to marriage.

And yet, the planet itself is unstable.

Re: Over Half of U.S. Young Adults Now Live with Their Parents

#14
post #4

Earlier quoted context omitted.

I'm confused, in what way has the government deincentivized/roadblocked marriage?

https://www.investopedia.com/terms/m/marriage-penalty.asp

Even the article admits the data contained therein is more an interesting point than an actual decision criteria for anyone getting married:

>Few couples base their marriage decisions on the tax consequences that may result.

I'm willing to bet the number of 20-somethings that have "tax considerations" deciding their marital status can be measured in basis points. Furthermore, nothing I see there is a "new penalty", while the numbers have varied over time, those rules look to be exactly the same as they were 20 years ago.

Re: Over Half of U.S. Young Adults Now Live with Their Parents

#15
post #4

The fact that we have deincentivized marriage is a huge issue. Married couples are usually wealthier but everything that used to push people to do that has been roadblocked by govt.

I'm confused, in what way has the government deincentivized/roadblocked marriage?

There are strong incentives in higher income brackets for tax purposes and such. In the lower/minimum wage sphere, marriage can have the opposite effect. You can loose access to various government programs such as food stamps because suddenly your family income counts. I've heard that support for single parents and low earning single parents has been increased in recent decades, which has led to lower rates of marriage and subsequent erosions to the general fabric in that socioeconomic sphere.

Re: Over Half of U.S. Young Adults Now Live with Their Parents

#16
post #8

Earlier quoted context omitted.

Feel like you are putting the cart before the horse here. It's not like the government gives you a house and 40 acres for getting married.

Two people working together can generate more wealth than one person working alone. It's not a controversial concept.

By that token so can 20 people working together.

Re: Over Half of U.S. Young Adults Now Live with Their Parents

#17
post #8

Earlier quoted context omitted.

Feel like you are putting the cart before the horse here. It's not like the government gives you a house and 40 acres for getting married.

Two people working together can generate more wealth than one person working alone. It's not a controversial concept.

Marriage does not mean both couples will be working.

Conversely, you don't need to be married to be in a relationship with two incomes.

Re: Over Half of U.S. Young Adults Now Live with Their Parents

#18
The US is a gerontocracy. We are going to end up exactly like Japan, a whole generation of young people passing on kids due to economic and environmental stress with no-one to replace them.

The stats tell the story. Young people are the largest part of the workforce[0], but we work for lower wages and have a TINY amount of the wealth in comparison to older generations[1].

The number of my friends who are hamstrung by massive student loan debt is sickening. The US is bleeding my generation dry.

0: https://www.pewresearch.org/fact-tank/2018/04/11/millennials...

1: https://www.businessinsider.com/millennials-versus-boomers-w...

Re: Over Half of U.S. Young Adults Now Live with Their Parents

#19

The fact that we have deincentivized marriage is a huge issue. Married couples are usually wealthier but everything that used to push people to do that has been roadblocked by govt.

A marriage of equals does not work. If every decision has to get a consensus it leads to ample opportunity for deep resentment, stress and a lower quality of life overall. One parter must be the dominant one.

Re: Over Half of U.S. Young Adults Now Live with Their Parents

#20
post #8

Earlier quoted context omitted.

Feel like you are putting the cart before the horse here. It's not like the government gives you a house and 40 acres for getting married.

Two people working together can generate more wealth than one person working alone. It's not a controversial concept.

Two people can work and live together without getting married
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