Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

The majority of 18- to 29-year-olds in the US are now living with their parents

axios.com

Post reply on HN
Print view View original

111–120 of 974 posts

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#111

Post by scandox »

sandworm101 wrote: post #104
wonderwonder wrote: post #11

Millennials face a very real risk of being a lost generation financially. They have endured 2 major, years long recessions, and now the Covid pandemic coupled with social isolation and massive unemployment that does not appear to have an end date in sight. Housing is more expensive for them than prior generations, wages are stagnant, school is expensive and social conflict is also currently on deck. WW2 was of course…

>> WW2 was of course a much more trying time Really? Lives were lost, but WWII came and went rather quickly, a handful of years. Millenials are dealing with multi-decade problems, potential solutions to which are discussed in terms of generations, decades rather than years. For perspective: US WWII deaths: 407k over ~6 years. US COVID Deaths: 196k and counting over ONE year. So, even adjusted for population growth, t…

Give me a multi-decade problem over dying in a ditch any day

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#112

Post by taejo »

eurekin wrote: post #69
kayodelycaon wrote: post #55

A lot of my friends (and myself) have abusive parents. I seriously consider suicide to be a better option than going home.

Please consider seeking prodessional help. Wish you all the best

Or just continue not putting yourself in dangerous situations.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#113

Post by tonyedgecombe »

Philip-J-Fry wrote: post #94

I'm my early 20s and in the UK. I earn more than my Dad who is in his 50s. He managed to get a house, have money left over for an expensive hobby, decent car, the odd holiday etc. I'm a 90th percentile earner. Will 95+ percentile earner in a few years time. Yet it feels like I am not as well off as I should be. I don't live in an expensive area either. Yet I need to save so much money to even have the opportunity to…

I’m in my mid fifties and I have never had a company pension, defined benefit or contribution. I saw my first house decline in value by 25%. We had interest rates peaking at 15%. I didn’t have student loans but only because I didn’t go to university, just like 90% of my peer group. Unemployment was much higher than it is now and schools were teaching subjects for obsolete careers.

It wasn’t as rosey as it is often portrayed.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#114

Post by wonderwonder »

x87678r wrote: post #74

Its pretty disgraceful that for 99.99% of millennials covid is just a mild disease. We're shutting down everything for the benefit of baby boomers again. When its all over there will be no thank-you. House prices aren't even getting cheaper so young people again be shafted. Its crazy.

Your argument is that we should just let older people die? No offense but I disagree, I really don't want my parents to pass away from a pandemic we could have absolutely under control if people and our government just acted responsibly. Your comment is "pretty disgraceful"

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#115

Post by yardie »

zeveb wrote: post #61
_mkef wrote: post #10

Earlier quoted context omitted.

This has been the case in California for a long time. Unless we just forgive rent until a vaccine is out, many people will never catch up.

> Unless we just forgive rent until a vaccine is out, many people will never catch up. If 'we' forgive rent owed landlords, will 'we' also forgive the mortgages those landlords owe the banks? Will 'we' also forgive the obligations the banks which owe to other banks and their investors? Will 'we' also forgive the obligations those investors owe, for example to pensioners? Will 'we' then step up and pay for those pensi…

I've never seen a government tasked with taking care of the populace actively work against them as much as this one has. Assistance is endless paperworks, checks, administrators, double check. All to make sure the people that need that help can't get that help. It would be so much easier for everyone for government assistance to be cash. But we'd rather have endless "programs" marked up 100% where in the end assistance is 50% cash and 50% administration.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#116

Post by qwerty1234599 »

Philip-J-Fry wrote: post #94

I'm my early 20s and in the UK. I earn more than my Dad who is in his 50s. He managed to get a house, have money left over for an expensive hobby, decent car, the odd holiday etc. I'm a 90th percentile earner. Will 95+ percentile earner in a few years time. Yet it feels like I am not as well off as I should be. I don't live in an expensive area either. Yet I need to save so much money to even have the opportunity to…

High tax rates are what causes this. You are effectively giving away half your wage to sustain a completely unknown person leeching off the government.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#117

Post by Wowfunhappy »

caymanjim wrote: post #90
Wowfunhappy wrote: post #9

I'm 26. Since the pandemic hit, my parents have been trying to convince me to move back in with them. I'm working remotely now, they say, so I don't have to live in the city, so I might as well live with them, right? I have to keep making different excuses. They don't seem to quite get the message that as much as I love them, I just don't want to live with them...

If you're doing ok on your own and your parents aren't worried about your financial capacity, they're probably just worried in general, about your physical or mental health, or their own. Sounds more like they just have the same general anxiety as most of us. They might want it for themselves more than you.

I don't think they're worried, they just like to see me. Which, all things considered, I really appreciate—it's certainly better than the other way around.

I guess the original reason I posted the anecdote is, I wonder how many of the people who've moved back home just did it because they could, since they're working remotely anyway.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#118

Post by wonderwonder »

sandworm101 wrote: post #104
wonderwonder wrote: post #11

Millennials face a very real risk of being a lost generation financially. They have endured 2 major, years long recessions, and now the Covid pandemic coupled with social isolation and massive unemployment that does not appear to have an end date in sight. Housing is more expensive for them than prior generations, wages are stagnant, school is expensive and social conflict is also currently on deck. WW2 was of course…

>> WW2 was of course a much more trying time Really? Lives were lost, but WWII came and went rather quickly, a handful of years. Millenials are dealing with multi-decade problems, potential solutions to which are discussed in terms of generations, decades rather than years. For perspective: US WWII deaths: 407k over ~6 years. US COVID Deaths: 196k and counting over ONE year. So, even adjusted for population growth, t…

? 80+ million people died... That is not something that is just shrugged off. Entire ethnic groups were culled. To suggest that WW2 had no long term affects and indeed affects that did not last generations is to demonstrate a fragile grasp of history.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#119

Post by messe »

qwerty1234599 wrote: post #116
Philip-J-Fry wrote: post #94

I'm my early 20s and in the UK. I earn more than my Dad who is in his 50s. He managed to get a house, have money left over for an expensive hobby, decent car, the odd holiday etc. I'm a 90th percentile earner. Will 95+ percentile earner in a few years time. Yet it feels like I am not as well off as I should be. I don't live in an expensive area either. Yet I need to save so much money to even have the opportunity to…

High tax rates are what causes this. You are effectively giving away half your wage to sustain a completely unknown person leeching off the government.

This is blatantly false. Income tax on higher earners in the UK has decreased since the 1970s/1980s when IIRC the highest tax bands were over 70%, if not higher.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#120

Post by wpurvis »

collyw wrote: post #13
save_ferris wrote: post #8

I moved back into my parents house after my lease expired, primarily to have regular social interaction again. > "While moving back home during the pandemic makes sense and is seen as socially acceptable or even smart, it also means you are living with people who still see you as your 18-year-old self." One of the biggest things I’ve noticed among millennials is how many parents fail to understand the emotional and m…

I will probably be going against the grain here, but I managed to rent a flat by myself while in university years ago with a part time job in a supermarket at weekends and applying for some hardship funds and other money available at the time. Rents have risen a lot since then, but is it really impossible for someone in work to be able to afford rent? Or are they insisting on living in a fashionable part of town? (Fo…

This is something that really depends on where you live more than anything. I will say there is no state currently where you can afford an apartment by yourself making minimum wage.
Post reply on HN