Moving back home used to be a sign of failure. Now it shows financial savvy
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Re: Moving back home used to be a sign of failure. Now it shows financial savvy
#2I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence.
Have any of these adult children successfully moved out after saving up money while living with their parents?
Re: Moving back home used to be a sign of failure. Now it shows financial savvy
#3I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence. Have any of these adult children successfully moved out after saving up money while living with their parents?
You assume the goal is to move out, but it might not be. Extended families have lived together in many parts of the world throughout history. Expectations of living alone are relatively new.
Re: Moving back home used to be a sign of failure. Now it shows financial savvy
#4I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence. Have any of these adult children successfully moved out after saving up money while living with their parents?
You assume the goal is to move out, but it might not be. Extended families have lived together in many parts of the world throughout history. Expectations of living alone are relatively new.
That's true, but there were also no stories of adult children getting married and living with their spouse/children with their elderly parents. There weren't even any mentions of adult children (or their parents) who sought such an arrangement.
Re: Moving back home used to be a sign of failure. Now it shows financial savvy
#5I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence. Have any of these adult children successfully moved out after saving up money while living with their parents?
Yes, I absolutely know some. At the same time, many weren’t out of financial necessity but maybe financial convenience. I know a few who had a remote job or worked in their hometown even though they had savings and weren’t spending a lot.
They then would move out to a bigger more expensive city and feel more financially comfortable than they would have. This was in first generation immigrant families, which as the article notes, is where this practice is more common.
Re: Moving back home used to be a sign of failure. Now it shows financial savvy
#6shame "home" for me is manhattan, and moving there would be financial ruin
Re: Moving back home used to be a sign of failure. Now it shows financial savvy
#7I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence. Have any of these adult children successfully moved out after saving up money while living with their parents?
> Have any of these adult children successfully moved out after saving up money while living with their parents?
Even if they do, it still means they failed to save up that money without having to live with their parents.
This is just the WSJ-reading "haves" justifying the increasing stratification of society by reframing a clear regression[0] as a "responsible individual choice" which that crowd LOVES.
(EDIT: it's also cope for the parents of those kids for the not-quite-THAT-elite WSJ reader crowd who doesn't want to believe either their kids are failing or their economy is faltering.)
[0] Even if you see the everyone-moves-out vs multigenerational-housing trend as a negative overall, the broadening loss of the ability to make that choice is a clear symptom of overall economic weakening.
Re: Moving back home used to be a sign of failure. Now it shows financial savvy
#8archive.is is caching error messages for this page. Is WSJ now immune to paywall bypasses? As fun as it is to have discussions entirely based on headlines, it threatens to turn HN into yet another low information high emotion discussion forum.
Re: Moving back home used to be a sign of failure. Now it shows financial savvy
#9I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence. Have any of these adult children successfully moved out after saving up money while living with their parents?
You assume the goal is to move out, but it might not be. Extended families have lived together in many parts of the world throughout history. Expectations of living alone are relatively new.
Therefore shall a man leave his father and his mother, and shall cleave unto his wife
Re: Moving back home used to be a sign of failure. Now it shows financial savvy
#10I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence. Have any of these adult children successfully moved out after saving up money while living with their parents?
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> Have any of these adult children successfully moved out after saving up money while living with their parents?
Most people in my circle who bought a home in California before the age of 30 did exactly this.