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Nearly half of Americans age 18 to 29 are living with their parents

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Re: Nearly half of Americans age 18 to 29 are living with their parents

#51

Post by jdewerd »

lp4vn wrote: post #10

Then you will see 1001 theories about why the population is declining. People in their 30's can't afford a house, let alone raising a family. A whole population inside a certain age group seems completely unable to grasp this basic reasoning.

Yeah, well, after 50 years of policy choices between "make housing affordable" and "make housing a good investment" and always choosing the latter, they now have an enormous vested interest to look after. Even if it doesn't really make sense to blame the gays or tiktok, they're absolutely going to do it anyway because the alternative points to policy changes that could lose them their ill-gotten gains.

Re: Nearly half of Americans age 18 to 29 are living with their parents

#52

Post by RexySaxMan »

tylersmith wrote: post #42
lp4vn wrote: post #10

Then you will see 1001 theories about why the population is declining. People in their 30's can't afford a house, let alone raising a family. A whole population inside a certain age group seems completely unable to grasp this basic reasoning.

And until they see it they'll never work to increase their value and move on to a stage where they can afford a house. It's a self-fulfilling cycle destroying multiple generations at this point.

I think you and the parent are thinking of different age groups.

Re: Nearly half of Americans age 18 to 29 are living with their parents

#53

Post by VFIT7CTO77TOC »

lp4vn wrote: post #10

Then you will see 1001 theories about why the population is declining. People in their 30's can't afford a house, let alone raising a family. A whole population inside a certain age group seems completely unable to grasp this basic reasoning.

Sounds good, except that fertility rate correlates inversely with income. https://en.wikipedia.org/wiki/Income_and_fertility

If you gave a population a $10k raise (in a hypothetical world with no inflation) the birth rate would probably DECREASE

Re: Nearly half of Americans age 18 to 29 are living with their parents

#54

Post by erkjs »

LASR wrote: post #27

Might be an unpopular opinion, especially in North America, but I think families living together is a great thing. I have a wife and child, and we all live with my parents in a largish 6-bedroom house. They are retired and I support them financially. While they bought this house before I entered the workforce, I now pay the mortgage on this house. A few years ago we did a total rebuild of the house, and it's now a gr…

Where are you from?

Re: Nearly half of Americans age 18 to 29 are living with their parents

#55

Post by slothtrop »

RajT88 wrote: post #49
LASR wrote: post #27

Might be an unpopular opinion, especially in North America, but I think families living together is a great thing. I have a wife and child, and we all live with my parents in a largish 6-bedroom house. They are retired and I support them financially. While they bought this house before I entered the workforce, I now pay the mortgage on this house. A few years ago we did a total rebuild of the house, and it's now a gr…

This is pretty common for people in other parts of the world (Asia, notably). IIRC, it was kind of normal in Western nations during the Victorian era. In North America today, there's this culture of independence and individualism which would rub many the wrong way to have their in-laws/parents living with them all the time. My own in-laws stayed with us a few times for a couple months at a time. I must admit the leve…

> kind of normal in Western nations during the Victorian era

Also known as the period of very high wealth inequality preceding this one.

Re: Nearly half of Americans age 18 to 29 are living with their parents

#56

Post by jdewerd »

kevinwang wrote: post #36
lp4vn wrote: post #10

Then you will see 1001 theories about why the population is declining. People in their 30's can't afford a house, let alone raising a family. A whole population inside a certain age group seems completely unable to grasp this basic reasoning.

That makes sense, but it feels to me like the more educated and higher-income young adults are the ones delaying kids / choosing not to have kids. It feels like lower-income young adults are more likely to start families.

Mmm-hmm, and the same group will jump at the opportunity to wag their finger and blame those lower-income young adults for the consequent economic hardship.

Re: Nearly half of Americans age 18 to 29 are living with their parents

#57

Post by hnuser847 »

wharvle wrote: post #25
tedunangst wrote: post #11

Why doesn't this article have a graph showing the percentage in the past?

Last time we had an article about this sort of thing (a few months back?) the difference wasn’t big between generations, at similar ages. Under 5% difference between current 20-somethings and the Boomers, IIRC. Up, but not that much. This could be a different dataset though, I dunno.

This article has a graph going back over a century. The percent of young adults living with parents in 1960 was only 29%, so I'd say the current value is pretty significant.

[1] https://www.pewresearch.org/short-reads/2020/09/04/a-majorit...

Re: Nearly half of Americans age 18 to 29 are living with their parents

#59

Post by downrightmike »

kevinwang wrote: post #36
lp4vn wrote: post #10

Then you will see 1001 theories about why the population is declining. People in their 30's can't afford a house, let alone raising a family. A whole population inside a certain age group seems completely unable to grasp this basic reasoning.

That makes sense, but it feels to me like the more educated and higher-income young adults are the ones delaying kids / choosing not to have kids. It feels like lower-income young adults are more likely to start families.

That's a good example of anecdotal evidence

Re: Nearly half of Americans age 18 to 29 are living with their parents

#60

Post by slothtrop »

candiddevmike wrote: post #43
LASR wrote: post #27

Might be an unpopular opinion, especially in North America, but I think families living together is a great thing. I have a wife and child, and we all live with my parents in a largish 6-bedroom house. They are retired and I support them financially. While they bought this house before I entered the workforce, I now pay the mortgage on this house. A few years ago we did a total rebuild of the house, and it's now a gr…

Owning a house only to rent it out is part of the problem here. You're adding to the scarcity of housing while being blessed with parents who can house you.

Incentivized by low interest rates, terrible housing supply inelasticity, and a confidence that population (and therefore demand) will grow, owing to immigration policy. All of those can be adjusted. Mostly investors buy houses to sell at a higher price, not rent out indefinitely. If the property taxes and mortgage rates hurt their bottom line and if demand does not surge as high, they would sell and would stop buying.
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