This article is part of a broader spotlight casted upon declining economic opportunities. Raj Chetty and company released a great deal of research about this, which journalists have been slowly summarizing for the public: http://www.equality-of-opportunity.org/
Percentage of Young Americans Living with Parents Rises to 75-Year High
151–160 of 293 posts
Re: Percentage of Young Americans Living with Parents Rises to 75-Year High
#152Earlier quoted context omitted.
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?
For me, it would need to not be rural or a suburb to provide what I desire out of life. I want to be near things. There is a life to urban communities that does not exist in rural or suburban places (and I grew up in both) that I don't think I would want to live without. Being in places where it's a half-mile walk to things I want to do is an unmitigated good for me and there is nothing a suburb or rural area can do…
I have the opposite dream right now: I've spent almost my entire life in large cities and now that I'm in my thirties, finally have a career going, and am no longer obsessed with my sex life, I'm longing to move out of the city and somewhere a bit more suburban. I don't want kids or a wife — I just want space to be able to walk around half naked if I want to, sing at 4 in the morning if I feel like it, and indulge my own weird rhythms. I'm a software developer, and my company actually allows me to work remotely, so I'm seriously considering making the move. I seem to become more productive when I have more space, so even from a productivity standpoint the idea probably makes sense.
I actually love going on long walks, so the thought of walking a half hour to buy groceries if I don't buy a car seems ok.
I've spent the last decade or so in San Francisco, and none of the local scenes really attract me. There used to be some cool artists around, but a lot of them got priced out. Maybe some other city has a more thriving cultural life, but San Francisco's isn't doing anything for me. I just have to figure out where to move.
Well, I hope that we both manage to figure out a way of life that is good for us.
Re: Percentage of Young Americans Living with Parents Rises to 75-Year High
#15323 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…
Heh.. I moved out when I was 16 (went to a high school and then followed by University) and have now lived alone for 22 years.
I can't even entertain the idea of not having my own privacy and my own place to do exactly what I want, when I want how I want.
I'm already getting anxious about the holidays and spending a few days with family. It's so exhausting, all that useless meaningless chatter etc. Makes one so weary.
Re: Percentage of Young Americans Living with Parents Rises to 75-Year High
#15423 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…
> The concept of 'moving out' of your parents home is baffling for most of us.
Yeah, it's almost like we have radically different cultures.
Re: Percentage of Young Americans Living with Parents Rises to 75-Year High
#15523 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…
> Also, in a way it is nice. You are NEVER alone. You ALWAYS have people waiting for you when you come back from work. Glad it works for you, but that has got to be the third circle of my personal hell. > 'Being alone' is seldom a reason for a depressed Indian - the family is always there. That's nice. Some European countries are exactly the opposite. It's my hypothesis that this is the cause for many suicides, despi…
> Glad it works for you, but that has got to be the third circle of my personal hell.
Here, here. Not only do I not live with parents, friends or anyone else. The slowly but steadily losing side of a current raging personal debate in my head is that one day I should share my life with a significant other and perhaps have a family of my own. That idea is on the ropes but I'm not quite ready to close that door completely, but I'm real close to calling the fight and declaring a winner.
Further, I have been going longer between replies to messages from friends. If they need to find me, they will know where to go. We can only maintain X number of relationships. I would rather that list include people in my pro network and an inner circle of friends and family.
If you can handle being alone. I feel that's a superpower. Though there are many benefits to for sharing your life with an SO. I suppose it's a trade-off.
Re: Percentage of Young Americans Living with Parents Rises to 75-Year High
#156I'm curious... why is this such a bad thing? As a society (an American society, as this isn't true in many other places) we place a rather negative stigma on a person who doesn't leave home at the age of majority (usually 18). This is a norm that I think we should do away with. And by that, I mean we should stop making turning that age the time that we flip the switch and the kids move out. What I would suggest in it…
From a corporate economic standpoint there is a lot to be gained by keeping that stigma. Moving out and starting your own household means buying a lot of stuff. You can't really target the opposite in any meaningful way that gives revenue. And a whole lot of our norms and stigmas are somehow rooted in popular culture and the institutions that benefit from set values.
Re: Percentage of Young Americans Living with Parents Rises to 75-Year High
#157Earlier quoted context omitted.
Thanks to reverse mortgages, I doubt there will be a massive housing transfer when the boomers die out. Boomers in general will outlive their retirement savings and all that will be left is their home equity. We'll see tons of bank-owned homes but today's young adults still won't be able to afford them.
And I wonder if they will be sold by banks or merely rented out and packaged as collateralized investments.
They will probably be sold to rental management companies (of which there will be a whole bunch) or like liquid-property-investment startups like https://bricklane.com/
Re: Percentage of Young Americans Living with Parents Rises to 75-Year High
#15823 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's unreal how greatly the human experience can vary - I was born in the uk to itinerant parents (finance father), raised by a series of aupairs, and was sent to boarding school at six. Despite my parents being wealthy and having the space, I did not have a room at home from that point - when I went home for holidays, I would stay in the guest room, and when my brother was born, his room.
When I "left home" at 16 upon completing school and going to university, it couldn't have been less of an issue - as it was no different to going back to school.
I'm sure my family is an extreme example, but there's definitely a culture in the west, particularly among elites, where getting shot of your kids as soon as possible is highly desirable.
I have a perfectly ok relationship with each of them - see each once every few years, we're friendly and civil - but I've never really viewed them as parents - those would have been my aupairs and then the regimented institution of public school.
Re: Percentage of Young Americans Living with Parents Rises to 75-Year High
#159Moved out to college after highschool, never lived home since. Not everyone who lives at home with their parents are the same and in some cases it does make sense, but from my observations of people who live at home: - No skills on managing self: relies on parents to manage - No financial management skills: using all your money for play money and not contributing to the household. - Can't take a date home: unless you…
> grown kids playing video games and watching tv.
Yeah, those fucking losers! NERRRRRRRRRRRDS.
Re: Percentage of Young Americans Living with Parents Rises to 75-Year High
#160Earlier quoted context omitted.
Immigrants, boomers and technology are convenient scapegoats for declining wealth. Technology is particularly favored in the media because it sounds vaguely plausible if you don't look too closely and being anti-technology makes you look ridiculous. The 0.1% and their media naturally aren't going to blame themselves, or their trade agreements, or their lobbyists, or their wall street.
I wonder what the math is on the 0.1%'s money. If the 0.1% became significantly more generous with their money, how much would that actually benefit everyone else?