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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

#51

Post by falcolas »

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.

You do get tax breaks, and a number of other benefits (in particular related to having children). You also get a tax break on a certain amount of paid interest on a house purchase.

Plus, there's the whole " allowed to be next to your loved one in the hospital" thing that's overlooked until it's needed.

So, no 40 acres, but there are benefits beyond two incomes.

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

#52

Post by paulpauper »

veed99 wrote: post #47

Most 18-22 years waste 4 years in university not acquiring any skills that would help them in a competitive job market. As a result, they move back in with mom and dad at age 22, now thousands of dollars in debt.

It's not the skills the get you hired (it's not like companies are seeking history majors), but rather the degree is a signal for competence and conformity, that does.

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

#53

Post by [deleted] »

trianglem wrote: post #19
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.

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.

[deleted]

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

#54

Post by paulpauper »

artvark11 wrote: post #50
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…

No we won't. The only people not having kids is the educated class. There are plenty of poor minorities with many kids. Japan does not allow widespread immigration like the us does.

exactly. go to any poor, inner-city neighborhood. lots of young people

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

#55

Post by Afton »

veed99 wrote: post #47

Most 18-22 years waste 4 years in university not acquiring any skills that would help them in a competitive job market. As a result, they move back in with mom and dad at age 22, now thousands of dollars in debt.

What is your point? This seems pointlessly blame-y. Those who just graduated from high school and entered college have been told by figuratively-literally everyone that that is what they should do. Then they do it, and it turns out it is a terrible idea for a variety of reasons and there is an ill-timed pandemic that cuts off the few reasonable opportunities that they might have otherwise had.

But sure, let's blame those foolish, foolish young adults for their crazy choices.

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

#56

Post by danhak »

veed99 wrote: post #47

Most 18-22 years waste 4 years in university not acquiring any skills that would help them in a competitive job market. As a result, they move back in with mom and dad at age 22, now thousands of dollars in debt.

Increases in housing and healthcare costs have been absolutely dwarfing wage growth in most major metros, for decades now.

This "it's your fault for majoring in gender studies" meme is a red herring. There was a time in the U.S. where one parent could support a family and purchase a house while the other stayed at home with the kids. With nothing more than a high school diploma.

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

#57

Post by paulpauper »

Assuming the relationship is not abusive, this is a good deal for young people. It means not having to piss away thousands of dollars a year on rent, which exceeds inflation, and instead saving and or investing the saved money. There are plenty of stories on reddit and here of people living with their parents and doing just fine. The notion that young people must move out is part of the consumerist culture.

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

#58

Post by artvark11 »

danhak wrote: post #45
DeonPenny wrote: post #41

Earlier quoted context omitted.

The millennial generation has made terrible decision egged on by the previous. No one needed all those degrees to begin with. Most are useless to the larger economy. That along with the choice to stay single longer has doomed this generation.

The millennials also made the terrible decision to enter the workforce during the worst economic crisis in a generation. And then to continue working for stagnant wages while costs of housing and healthcare skyrocket.

Millennials are forced by law to buy over priced healthcare that subsidizes the dying boomer generations. They are forced to pay into social security,but they will likely never see any of the returns.

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

#59

Post by stronglikedan »

at_a_remove wrote: post #44

I have been taking care of my elderly mother, who would be vaguely defined as "not well" in the Southern sense of things, since my twenties. I did go into it with my eyes open, knowing the kinds of tradeoffs I was making. I could live alone, but this was a choice I made to help her. However, I was unprepared in the extreme for the ambient hostility toward men who live with their mothers, no matter the reason. I do no…

> startling rate of women

Most people suck. The silver lining is that you have a great bar for measuring them up against, to find the few that don't, should you decide to get back into the dating game. I'd work that fact in towards the end of a first meetup, since it would save both time and money.

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

#60

Post by eulers_secret »

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…

Chiming in to say: This is me to a T! I cannot afford children (or, more accurately: I cannot give children the life I want to give them). Houses are far too expensive to even dream about, and uncertainty in continued employment incentivizes me to just save all the money I can while living as cheaply as humanly possible.

It's not the best life, but at least I have some cash to fall back on when my at-will employment is terminated for no cause and I can't find a job for a couple years. Or maybe my carpal tunnel syndrome will drive me out of the (extremely competitive) job market.

Either way, I'm not going to spend more money than I need to so I can have at least some semblance of "stability". And I sure as hell am not raising another generation of wage slaves. This terrible way of life ends with me.

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