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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

#31
post #13

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…

Not in my case, I was easily able to afford rent and I’ve stayed employed throughout the pandemic as a tech worker.

The challenge has been maintaining my sanity. My previous apartment was small and didn’t have space for a good home office setup since I never expected to work from hone when I leased it. Additionally, I was having little social interaction due to the pandemic since Texas wasn’t doing a good job preventing spread early on.

My other reason for moving in with my parents was that my company did a lot of business in the travel industry and I feared layoffs. Not having to worry about my living situation while looking for another job in the midst of a crisis was a huge relief in my mind. Fortunately, I’ve been able to stay at the same company so far.

If being independent is the absolute most important thing to you, that’s great. But I’d argue that America’s individualistic culture is one of the biggest reasons we’re struggling to get past this pandemic. People demand the right to ignore basic public health requests, and it’s a major problem.

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

#33
post #3

This is great news, it will reduce pollution. We need to live together.

In many countries it's not only acceptable, but customary to live with your parents if you are single - even well into your 30s. In parts of Latin America (most/all of it?), people will find it odd if you leave home "for no good reason".

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

#34
post #2

I am one of those people, though in my case it was not so much for cost saving reasons as it was the easiest means of leaving a coastal city that would clearly be hard hit by Coronavirus. oddly enough I'm morbidly curious about the decline in birth and marriage rates due to this whole episode. hard to hook up in your parent's home.

I'm curious as well but in the opposite. People are spending more time at home together, could there be a birth boom in Q1/Q2 of next year?

Economic crises almost always cause huge drops in fertility rates, look at the US rate post GFC.

Fertility being correlated with income levels, the people spending time at home together are already not going to have kids, the others are unemployed/under massive financial stress/still going to work.

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

#35

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…

Sorry, party is over, time to find real work

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

#36

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 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.

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

#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 amazing is how the narrative around this however is that we need MORE government to set things right. Yet in the tech bubble the government blew up the real este bubble, in 2008 all the banks got saved along with loads of other insurance and other businesses, and now we have the largest stimulus packages ever. (on top of government subsidised student loans, which have made loads of money available for college, pushing up prices).

It's counter intuitive but in the long run this is BAD for anyone that doesn't already have something. It inflates asset prices, it locks in people who already have something. It's bad for millennials. And millennials shouldn't be arguing for more government intervention, but less. Let things fail, so that the waste can get burned off.

Unfortunately it seems a lot of people think things literally need to be burned down for there to be change. But let's be clear, 30-40 years of interventions by governments did this, which is exactly what left leaning people want of government.

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

#38
I hope to build a household that the kids will consider staying without won't havinc to wait until a disaster strikes and 20 governors panic to find a way to avoid accountability by being "firm and comprehensive" rather than finding a balance.

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

#39
I hope we see a cultural shift toward recognizing that so-called "flyover country" is actually ripe for re-development and cultural renewal. There are tens of thousands of small towns and cities in the Midwest in which buying a house is still possible for the average middle-class person.

The main issue, of course, is the lack of jobs in the area, but with remote work growing, that might become less of an issue.

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

#40

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…

The optomisit in me hopes that when the truth about climate change really dawns then the effort to battle it could cause a similar transfer of wealth to a post war rebuilding. Lets hope we can actually solve the problem though or it wont matter much.
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