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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

#21

Post by mrlala »

recursive wrote: post #6
mrlala wrote: 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

First, this has been around for a long time. So it has nothing to do with the topic at hand which is recently less people getting married.

Second, you are nuts if you think this has ANY significant impact on people getting married.

Third, you can file married filed separately.. so while I'm not up on all the details of that, you can probably avoid the simple impacts it might have.

Anyway, that is an extremely crazy weak argument.

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

#22

Post by westwing »

pezdeath wrote: post #11
recursive wrote: post #6

Earlier quoted context omitted.

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.

The loss of EITC affects low incomes.

The mortgage deduction affects anyone with a "large" mortgage, but at current housing prices "large" is becoming the norm.

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

#23

Post by gelert »

honkycat wrote: post #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…

That's true for the established wealthy (and generally white) population but the US is bolstered by strong birth rates in minority populations and among recent immigrants so it has a much healthier demographic future than somewhere like Japan.

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

#24

Post by tastygreenapple »

rconti wrote: post #10
DeonPenny wrote: post #2

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 also have no idea what you're talking about. But, generally, I'm not sure that incentivizing people to legally bond themselves to another is necessarily an unquestionably positive thing.

Way more welfare programs are available for single women than married women.

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

#25

Post by lhorie »

honkycat wrote: post #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…

> we work for lower wages and have a TINY amount of the wealth in comparison to older generations

Not to detract from the point about student debt, which is absolutely on point, but isn't it expected than younger people would always hold less wealth and have lower salaries on average than older people who have been working for decades longer and have that much more work experience?

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

#26

Post by rayiner »

gelert wrote: post #23
honkycat wrote: post #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…

That's true for the established wealthy (and generally white) population but the US is bolstered by strong birth rates in minority populations and among recent immigrants so it has a much healthier demographic future than somewhere like Japan.

You’re welcome!

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

#27

Post by Pet_Ant »

rconti wrote: post #10
DeonPenny wrote: post #2

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 also have no idea what you're talking about. But, generally, I'm not sure that incentivizing people to legally bond themselves to another is necessarily an unquestionably positive thing.

There are economic efficiencies there that are lost. Also makes people make longer term decisions. That said it does reduce the liquidity of the labour pool by causing the “two-body problem”.

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

#28

Post by DeonPenny »

rconti wrote: post #10
DeonPenny wrote: post #2

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 also have no idea what you're talking about. But, generally, I'm not sure that incentivizing people to legally bond themselves to another is necessarily an unquestionably positive thing.

Because married people throughout time are wealthier. Married people make more money, married millenials own 70% of all the houses millenials have bought, married people are half as likely to be in proverty. If you have to choose a way for people to get wealthy between a college degree and marriage marriage would be the better decision by far.

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

#29

Post by ancientworldnow »

lhorie wrote: post #25
honkycat wrote: post #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…

> we work for lower wages and have a TINY amount of the wealth in comparison to older generations Not to detract from the point about student debt, which is absolutely on point, but isn't it expected than younger people would always hold less wealth and have lower salaries on average than older people who have been working for decades longer and have that much more work experience?

Yes, but the disparity has been growing and the amount of wealth held by young adults is a much smaller percentage than previous generations had.

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

#30

Post by DeonPenny »

nemothekid wrote: post #3
DeonPenny wrote: post #2

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.

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.

Yeh and people are givin that for a college degree yet that is associated with wealth even though married highschool educated people out earn single college educated people.

Forget what the government does its generally easier to build wealth with two people than one. Theres more flexibility to prevent failure.

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