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

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

#131

Post by throwanem »

kayodelycaon wrote: post #96
HorizonXP wrote: post #71

Earlier quoted context omitted.

I no longer feel like this about my parents now that I live independently and have my own child. They’re wonderful grandparents. But yeah, when I was living with them in my 20s for my Masters? I felt just like you did.

I'm 34 and bipolar. I'm stable on medication but my dad doesn't believe mental illness exists and attributes every symptom to a lack of moral character... or demon possession. I don't see myself changing how I feel about him any time soon.

Nor should you.

It can't help but be a little frustrating, however well-intentioned, when someone without the experience to accurately inform the comment says something like "but he's still your dad", "she's still your mom", et cetera. Bridges burn just as well from either end. And I think it's genuinely difficult for most good or even decent parents, in particular, to imagine how bad bad parents can be.

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

#132

Post by thatcat »

wonderwonder wrote: post #88
zpeti wrote: post #37

I think people need to start realising just how incredibly much the government is now stepping in at each of these crises to make them as smooth as possible. But there is a downside to this. You are not allowing the normal economic effects to happen because you are wanting to keep everything as it is, but then guess what, the status quo stays, and anyone joining the ladder is finding it increasingly difficult. What's…

"millennials shouldn't be arguing for more government intervention, but less" Your argument that government intervention is bad for millennials is flawed. Without government intervention such as eviction moratoriums, unemployment benefits and federal government stimulus checks there would have been massive homelessness. Prior to the pandemic 40% of americans could not cover a $400 emergency, all of these people would…

Some programs benefit them but the things you listed were secondary interventions, interventions. If there was no stimulus and business stayed open that would have benefited them.

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

#134

Post by jlokier »

Phlogistique wrote: post #66
Aeolun wrote: post #41

Earlier quoted context omitted.

Anecdotally at least, all of my friends around my age (32) have by now managed to buy homes at very reasonable rates ( Meanwhile my parents are stuck with their much higher 10% boom years interest rate, even though the absolute amount was much lower initially. Of course this is in Europe, not the states.

Just being curious - if your parents are stuck with 10% interest rates while current interest rates are closer to 3%, why are they not borrowing a 3% to reimburse their 10% loan?

It's going to depend a lot on personal situation, but they might not be able to obtain a new loan due to credit assessment, and therefore be stuck with the old one.

Perversely, at least in the UK, a lot of people are paying higher rent than they would be for a mortgage for a similar place, but they can't get a mortgage due to "affordability", despite a demonstrated history of paying the rent.

Similarly, people can be on a 10% mortgage, paying it consistently, but unable to open a new, cheaper mortgage to replace it because their current circumstances don't pass the criteria. Criteria may include age (time to retirement) and current income.

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

#135

Post by srtjstjsj »

rjkennedy98 wrote: post #52
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…

> Millennials face a very real risk of being a lost generation financially I think it's already a done deal. Millennials aren't as young as they seem (over 30) and as the own a minuscule percentage of US household wealth. The numbers are incredible. "Indeed, at a median age of 35, Gen Xers owned just 9% of the nation’s wealth in 2008 — less than half what boomers had at that age. And millennials will have to triple t…

Millennials all dream of becoming older one day.

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

#136

Post by srtjstjsj »

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…

This is the toxic "American Dream" mentality coming home to roost.

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

#137

Post by srtjstjsj »

save_ferris wrote: post #42
risyachka wrote: post #36

Earlier quoted context omitted.

I really don't understand the argument of "time to grow up" if a person lived without parents fine for years. Obviously he/she had already grown up.

I think it’s cultural. American society absolutely looks down on those that live with their parents as failures. If I were to guess, some parents might see their children asking to return home as a reflection on their ability as a parent to prepare for the “real world”, but that’s just my guess.

Only a certain vocal rich segment of American society.

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

#138

Post by racl101 »

war1025 wrote: post #106
dghughes wrote: post #72

Earlier quoted context omitted.

I've seen a documentary about San Francisco it's crazy how middle income people are being pushed farther from the city. One teacher had several bus transfers and then a long walk to get to her job. Even bus stops where "poor" people (less than $100,000/year) are being crowded by private buses like Google forcing city buses to wait which adds to the wait down the line. Nuts!

> "poor" people (less than $100,000/year) How anyone making $100k can be considered "poor" is beyond me. No wonder everyone on the West coast thinks being a Millennial sucks.

Just like how you can live in a castle in middle America that costs $250K.

It's just part and parcel of living where everyone else wants to live.

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

#139

Post by srtjstjsj »

Aeolun wrote: post #48
risyachka wrote: post #36

Earlier quoted context omitted.

I really don't understand the argument of "time to grow up" if a person lived without parents fine for years. Obviously he/she had already grown up.

Depends. When I stay with my parents I somehow forget that I can do the dishes and washing myself. I very deliberately have to remind myself.

Isn't they because your parents refuse to grow up? A roommate wouldn't tolerate that.

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

#140

Post by srtjstjsj »

war1025 wrote: post #106
dghughes wrote: post #72

Earlier quoted context omitted.

I've seen a documentary about San Francisco it's crazy how middle income people are being pushed farther from the city. One teacher had several bus transfers and then a long walk to get to her job. Even bus stops where "poor" people (less than $100,000/year) are being crowded by private buses like Google forcing city buses to wait which adds to the wait down the line. Nuts!

> "poor" people (less than $100,000/year) How anyone making $100k can be considered "poor" is beyond me. No wonder everyone on the West coast thinks being a Millennial sucks.

Are people in the Middle/South getting jobs?
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