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

Post by white-flame » Thu, Dec 22, 2016, 4:32 AM UTC

dikdik wrote: post #18

hn_user2 wrote: post #8

Rising rents and harder to get home loans do sound like the primary cause. That being said, I also believe there is not quite the same urgency to leave home for current young adults. Just from personal observation they don't necessarily see increasing their expenses just to be more independent as worthwhile. Same goes with getting a driver license and a car. I don't think it's necessarily being lazy, I think they mig…

I sort of agree with you, but I don't think you completely understand the problem. Yes, it doesn't really "matter" if people are living with their parents or on their own. The problem is what this shift signals. People are not much different than they were 50 years ago. If it took just as much resources to live on your own 50 years ago as today, there would "not be the same urgency to leave home." Of course no one wa…

Post by niftich » Thu, Dec 22, 2016, 4:41 AM UTC

hkmurakami wrote: post #19

white-flame wrote: post #13

I'm not a millennial, but it makes a heck of a lot of financial sense to live with family. I'm glad that with these shifts, the stigma is falling away. My immediate family has lived through rough times, with lots of "creative" living arrangements. Of course, we should still train general life autonomy, and not promote being able-but-incapable shut-ins, but being able to venture into housing (or back out of it if thin…

I've heard that in (at least some regions of) Spain, it's perfectly common and acceptable to continue living with their parents well into adulthood. I remember reading that José María Olazábal (one of the best professional golfers in the 90's, with millions of dollars in earnings) was still living with his parents into his early 40's (though to be fair, he was traveling for half the year on tour). I often think that…

Post by pjdemers » Thu, Dec 22, 2016, 4:45 AM UTC

notyourwork wrote: post #3

Cost of tuition continually grows, most graduates are not falling into extremely lucrative salaries and average salaries are not keeping up with inflation. This is far from surprising but is very concerning. Another avenue to pursue this discussion from is the % of income allocated to retirement savings. I have a sneaky suspicious most of my peers are saving less for retirement than the same demographic 10, 20, 30 ye…

Post by white-flame » Thu, Dec 22, 2016, 4:59 AM UTC

hkmurakami wrote: post #19

white-flame wrote: post #13

I'm not a millennial, but it makes a heck of a lot of financial sense to live with family. I'm glad that with these shifts, the stigma is falling away. My immediate family has lived through rough times, with lots of "creative" living arrangements. Of course, we should still train general life autonomy, and not promote being able-but-incapable shut-ins, but being able to venture into housing (or back out of it if thin…

I've heard that in (at least some regions of) Spain, it's perfectly common and acceptable to continue living with their parents well into adulthood. I remember reading that José María Olazábal (one of the best professional golfers in the 90's, with millions of dollars in earnings) was still living with his parents into his early 40's (though to be fair, he was traveling for half the year on tour). I often think that…

Post by ProAm » Thu, Dec 22, 2016, 5:05 AM UTC

white-flame wrote: post #21

dikdik wrote: post #18

Earlier quoted context omitted.

I sort of agree with you, but I don't think you completely understand the problem. Yes, it doesn't really "matter" if people are living with their parents or on their own. The problem is what this shift signals. People are not much different than they were 50 years ago. If it took just as much resources to live on your own 50 years ago as today, there would "not be the same urgency to leave home." Of course no one wa…

Or is this a signal that the broad and rapid American growth in the middle of the 20th century was anomalous, not a baseline? It might not be a "dearth of resources" but a return to the true long-term norm.