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Percentage of Young Americans Living with Parents Rises to 75-Year High

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Re: Percentage of Young Americans Living with Parents Rises to 75-Year High

#141

Post by pjmorris »

linkregister wrote: post #95
Clubber wrote: post #82

Earlier quoted context omitted.

The broad, rapid American growth has a lot to do with the fact that Europe and the Far East was in complete ruins after WWII and the US was in the immediate position to rebuild Europe. Remember, right before the mid century prosperity, we were in a massive depression caused by the "Roaring 20s" which was fueled by another smoldering Europe. The time period before WWI; the late 1800s and early 1900s were pretty bleak.…

The time period from 1890 to 1929 experienced steady growth in the U.S. [1] The Roaring 20s was not the cause of the Great Depression. The Great Depression was caused by a variety of factors, primarily unsustainable debt issuance and overproduction in the agricultural sector. Other important factors include crushing wartime debts owed by European nations to American creditors (vastly harming exports), a liquidity cru…

I always thought that the 'Roaring 20s' were caused by 'unsustainable debt issuance'. You seem to not connect the two... can you elaborate?

Re: Percentage of Young Americans Living with Parents Rises to 75-Year High

#142

Post by jononor »

PebblesHD wrote: post #113
xarope wrote: post #98

Earlier quoted context omitted.

I remember parking at e.g. Epping and catching the train to town. Is that not an option for you? You'd be able to catch some ZZZs on the train for part of that journey, rather than having to drive all the way.

I've tried it a few times. The closest station to here is Quakers Hill, which is roughly the same time on the train as I spend on the bus, with the added drive before hand. The comfort is much better but actually leaving my car there is a scary prospect.

Get a cheaper car...

Re: Percentage of Young Americans Living with Parents Rises to 75-Year High

#143

Post by Frondo »

lucker wrote: post #133
astronautjones wrote: post #94

Earlier quoted context omitted.

Speaking as a younger person, I have and will have no interest in living in a rural suburb with no jobs. I'll have to sell, and when that time comes it won't be for much. The reverse white flight into cities is going to wreak havoc on this country.

Out of curiosity — how would you feel about a rural suburb if you could work remotely from it and make the same money that you could make in a big city? What other things would you need the rural suburb to provide if employment wasn't an issue?

Three weeks ago I moved from a suburb-ish type neighborhood (not much walkable) to a urban-ish type neighborhood (nice grocery store 10 minutes walk away, bars 2, 5, 15 minutes away, pet store one block away).

I too work from home, and the difference is so stark, I can't imagine ever living in a less dense neighborhood again. I haven't gotten in my car in a week. Not going back.

Re: Percentage of Young Americans Living with Parents Rises to 75-Year High

#144

Post by varjag »

tkyjonathan wrote: post #137
malandrew wrote: post #9

Earlier quoted context omitted.

The problem already goes beyond millennials. Increasing automation is going to make unskilled labor a huge liability for countries. This is one reason I don't think some of the anti-immigrant position of many Americans (and Europeans) is unwarranted. Every country should want highly skilled labor to help improve their current account, but unskilled labor is huge future liability. There is already a huge surplus of do…

Sorry, but I am not sure I understand. Automation is in things like factories, back offices.. Those things are not entirely unskilled. While you still have plenty of unskilled labour jobs in services/food/entertainment and they haven't yet invented robots to pick strawberries - which in the UK is something we use season immigrants for.

In a bizarre recent trend, people are starting to call anyone without college education 'unskilled'. A decent toolroom machinist required more training and did more mentally challenging work than many office workers with 'soft' college degrees.

These are indeed the kind of jobs that were lost to automation. Truly unskilled labor was replaced not by robots but by cheaper unskilled labor of other people.

Re: Percentage of Young Americans Living with Parents Rises to 75-Year High

#145

Post by Cephlin »

Pseudosudowoodo wrote: post #125
ryandrake wrote: post #72

Earlier quoted context omitted.

Gen X here, just turned 40. If you compare how I'm doing with how my parents (who were solidly middle class) were doing, it's not even close. At 40, they had multiple homes, were secure in their savings and retirement through generous pensions, and practically debt free. This was on school teachers' salaries! Me? Student loan debt set me back years, crippling housing costs, and a crappy 401(k) that is probably worth…

1990 child here. To avoid a lengthy block of text I've deleted it all and decided on a short sum. While I can only speak from my own experience, many of my friends and colleagues (EE) have left the country already. There are lots of good arguments on both sides and plenty of stories to each end. That said, it comes to this, the people in my generation with real skill are leaving. Not all of them, but enough that it's…

I'm going to leave my country too, it's full of people with opinions I cannot relate to.

Re: Percentage of Young Americans Living with Parents Rises to 75-Year High

#146

Post by codecamper »

lonesword wrote: post #107

23 year old Indian developer here. The concept of 'moving out' of your parents home is baffling for most of us. I now live in a different city and I share a decent apartment with friends. I can afford to live alone in the apartment I now live in - the rent is 30% of my monthly income and the apartment is 15 minutes away from where I work - but living alone would be just awful. So I'm now paying 11% of my income for r…

It sounds very good to me. Miss my folks.

Re: Percentage of Young Americans Living with Parents Rises to 75-Year High

#147

Post by [deleted] »

lonesword wrote: post #107

23 year old Indian developer here. The concept of 'moving out' of your parents home is baffling for most of us. I now live in a different city and I share a decent apartment with friends. I can afford to live alone in the apartment I now live in - the rent is 30% of my monthly income and the apartment is 15 minutes away from where I work - but living alone would be just awful. So I'm now paying 11% of my income for r…

[deleted]

Re: Percentage of Young Americans Living with Parents Rises to 75-Year High

#148

Post by Bombthecat »

PebblesHD wrote: post #90
Bombthecat wrote: post #66

Earlier quoted context omitted.

My former boss told me three or four years ago that rent and electrical bills will make 75% of your income. Like back in the industrial Revolution. Sadly I think he is right.

Between rent, bills, transport, and food I'm hovering around 75-80% - id say your former boss was rather on the money there...

You still have money for food and transport.

Just your rent and electric bill will be 75%

Re: Percentage of Young Americans Living with Parents Rises to 75-Year High

#150

Post by MarchHare »

Pseudosudowoodo wrote: post #125
ryandrake wrote: post #72

Earlier quoted context omitted.

Gen X here, just turned 40. If you compare how I'm doing with how my parents (who were solidly middle class) were doing, it's not even close. At 40, they had multiple homes, were secure in their savings and retirement through generous pensions, and practically debt free. This was on school teachers' salaries! Me? Student loan debt set me back years, crippling housing costs, and a crappy 401(k) that is probably worth…

1990 child here. To avoid a lengthy block of text I've deleted it all and decided on a short sum. While I can only speak from my own experience, many of my friends and colleagues (EE) have left the country already. There are lots of good arguments on both sides and plenty of stories to each end. That said, it comes to this, the people in my generation with real skill are leaving. Not all of them, but enough that it's…

Which country are they leaving and where are they going?
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