Let me know when they have a spouse, child, and mortgage. That's the dividing line, as far as I can tell.
Getting in debt for the next 30 years of life as a proof of adulthood. This checks out as a modern initiation ceremornial, a good alternative to getting tatooed religious symbols on your body. I think trying to avoid that (like paying a rent for the rest of your days, or buying very cheap and sacrificing social sttatus) is actually seen as against the social norms, and a definitive "not one of us" move from the older…
Growing-ups
61–70 of 80 posts
Re: Growing-ups
#62When I was a child, I asked my dad if his work was fun. He said, "If it was fun, they wouldn't pay you." I remember that from time to time, because it's true. Something that is fun (relative though "fun" is) doesn't warrant payment. When my mom asks about my current job, I sometimes repeat that phrase, and she gets all huffy and annoyed that I don't view my current job as enjoyable. Sure, my job is satisfying in smal…
From a management point of view, this is instructive - each employee is different and have different (vector of) motivations.
Re: Growing-ups
#63I don't know if this is a "new" stage of life or rather a return to an earlier way of life. The whole phenomenon of kids leaving the house at 18, moving across the country, and not coming home again is fairly recent and fairly unique to the Western world. My wife and I are "grown ups" in the sense that we both are done with grad school, have professional jobs, and have a kid. Yet, my mom lives with us during the week…
I live in Poland and I'm the first generation that grew up after the fall of communism. I have seen this transition first-hand. I grew up in a multi-generation home with my grandparents and parents sharing the same space. I have left at 19 to another city, but some of my family members have stayed and there are four generations living in the house right now. My parents share a floor with my mother's dad, my father's mom and my brother (in his twenties). On another floor lives my mom's sister with her family (husband, daughter and daughter's children). Houses built to accommodate two or three generations were common even 30 years ago. Many people, especially in small towns and villages have built huge houses with the assumption that each of their kids will stay there and needs a floor of their own. Then, suddenly, so many things have changed. We can - or have to - work abroad, or move halfway across the country to study and then find a job. Many of those large houses are so sad right now with just a couple of elder people using two rooms and the kitchen with hundreds of square meters of empty space, sometimes filled with stuff left behind by their children who can't take it all with them to their studio apartments.
I don't know of anyone from my generation who would event think of building a house with their future kids and grandchildren in mind. But I think we're trading an important aspect of our culture for... I don't know. Money, success, independence, all these western things. I don't think I have a point here, just wanted to share.
Re: Growing-ups
#64I don't know if this is a "new" stage of life or rather a return to an earlier way of life. The whole phenomenon of kids leaving the house at 18, moving across the country, and not coming home again is fairly recent and fairly unique to the Western world. My wife and I are "grown ups" in the sense that we both are done with grad school, have professional jobs, and have a kid. Yet, my mom lives with us during the week…
That makes sense; to oversimplify somewhat, the boomers tended to be really crap as parents, resulting in a generation (my generation, more or less) who are absolutely adamant that they won't inflict the same on their own kids. This seems to have resulted in a close and strongly nurturing, if at times somewhat smothering, parenting style, which in turn gave rise to the millennials, who seem by and large to have much…
Re: Growing-ups
#65Credit is much harder to come by, jobs are more difficult to get without a college education (addressed in the article), and there are also changing attitudes to sex and relationships that are becoming more pronounced with millenials (specifically casual sex/relationships) that make it easier for men (probably women as well) to put off marriage and having children.
WRT to credit, when I got out of college back in 2003, I got a credit card with a $5000 limit in my mailbox which I started using immediately, I was talking to my brother who graduated last year and he says that those credit card offers are few and far between now, and that even when you get your hands on one, the credit limit is about $1000 ..... this blew me away. I couldn't have started my business without that $5000 credit card and much of what I have now revolves around the skills/experience I gained from my initial self-employment 10 years ago.
The economic realities have such profound implications that its giving rise to the "sharing economy" http://www.theatlantic.com/magazine/archive/2012/09/the-chea... and changing the way corporations are marketing some of their products to this demographic http://seattletimes.com/html/businesstechnology/2021715711_d...!
Lots more going on there than meets the eye IMO.
Re: Growing-ups
#66Earlier quoted context omitted.
Getting in debt for the next 30 years of life as a proof of adulthood. This checks out as a modern initiation ceremornial, a good alternative to getting tatooed religious symbols on your body. I think trying to avoid that (like paying a rent for the rest of your days, or buying very cheap and sacrificing social sttatus) is actually seen as against the social norms, and a definitive "not one of us" move from the older…
I didn't say these were good ideas. But I definitely look at my life differently now that I'm on the other side of the line.
Apart from the purely financial aspect of it, it's fascinating how the process goes will vary on your profession, your familial situation, overall background, years working in a stable company, the type of contract, how the seller sees you, if the banker trusts you. And if you pass the test, you get stamped as a home "owner" (though at the moment you only own the bank a lot of money, and you'll be out in the streets if you can't pay at some point), you pass through the ritual of sorting your health, life/death insurance and you get a warm look from your parents because you're now "one of them".
I think good or bad, this is the definition of a rite of passage.
Re: Growing-ups
#67I really hate this term "emerging adults." Suddenly we're not full adults anymore, just because many people of my generation have failed to live up to the standard of adulthood? I really hope this isn't a trend/term which catches on and justifies continued ageism or the denial of rights. In general, I've always hated these "generational" descriptions. They're guaranteed to be woefully inaccurate for many people in th…
At 21, I was pursuing a bachelors of science, and working two jobs. I was NOT paying my own way.
I'm now a VP at a startup working for a livable salary and commission. I pay my bills on my own (and have since shortly after graduating), and am paying my family for the money I borrowed. I have strong alternative job prospects in different roles in multiple industries, and have real experience in a variety of professional settings.
Could I have cut all my expenditures above what I was making at 21, enrolled in a different school, and paid my own way entirely? absolutely. Would I be more or less successful immediately upon doing so? What about now? Hard to answer either, but I am not worried in assuming I would be less successful in both time-frames.
You have a very narrow definition of success in your comment. You are welcome to your opinion, but that particular one will probably be misleading in understanding others. I think you've done very well for yourself if you are self-sufficient at 21, but to define this as success seems quite dismissive to me. As said in another comment, this is labeling all but a select few university students as failures which, as it seems to me, is a plainly bad assumption.
I like to think this is a fair assumption at 30 years old, though. I would imagine it is a source of shame if a person is not paying their own expenses at this age; it certainly would be for me. This term 'emerging adults' is describing those people going from adolescents at 17 to self-sufficient adults at 29+.
I think 'emerging adult' is a quite good description of a human growth stage. Having lived through that time period more completely than you, I know how much growing I've done since 21 both in my ability and acceptance of responsibility to sustain myself and in my understanding of others. I am also much more willing to accept happenstance as a contributing factor for my successes and others' failures, which is something I can suggest to you.
To old gray-hairs in the oil patch, management in tech companies, among VC lenders, or any other 50+year old 'successes', both you and I are still 'kids'. This is true regardless of whether we're paying our own way or not. That, to me, is a good working meaning of 'emerging adult'. The basic notion is that people still have some 'growing up' to do at 21 or even 25, which I agree with.
Re: Growing-ups
#68It wouldn't be too hard to argue that the Baby Boomers are strange. Not Gen X, Y and Z. Until the 1950s, young people in the west were expected to live with their parents until they married and settled down. Just crack open a Victorian novel. (A few HNers have noted that this is true in India, China and Japan; but it was also true in the west.) This changed all at one and all of a sudden under the Baby Boomers. Young…
I'm puzzled how people can make generalizations about a group people born over a range of 18 years. While the notion of "generation " is dubious in itself, claiming that someone born in 1946 has a whole lot in common with someone born in 1964 seems especially silly.
What I've found is most people, when talking about "boomers", really mean the subset of those who might have plausibly attended the first Woodstock festival.
Re: Growing-ups
#69This is interesting to me because my brother and I (both in our later twenties), ended up taking two different paths. I knew what I wanted to do since high school (software engineering), unwaveringly pursued my 4-year degree with solid scholarships, got a good job the day after I graduated, and bought a house at 25 with a decent down-payment. My brother, on the other hand, did not have that kind of luck. He tinkered…
I feel the same way. My success as a programmer is some combination of luck and hard work, but it'd be unfair to judge others based on the kind of luck I've had. I was lucky to have been exposed to computing at an early age, stumble upon source code for qbasic games, like programming, major in it, and happen to have my graduation date align with a huge period of growth in our industry. Good luck magnifies the effect…
If its the former, i reckon ""with a huge period of growth in our industry" has a lot more to do with it than anything else you did. If you studied ancient greek instead, all the hard work in the world wouldn't have helped you.
Re: Growing-ups
#70Earlier quoted context omitted.
> The ascendant efforts of the young from about 18-30 is vital, innovative, and disruptive. It's important, but if you look out your window, the world that exists out there was designed and built mostly by people over 30. There are some geniuses that were most prolific in their 20's (Einstein's miracle year was at 26), but most people who are awarded the nobel prize do their most important work from 30-50 ( http://ww…
Those people doing that at 30+ are the ones who are knee deep in culling lots of important industry, business, etc. experience. Delaying targeted launch is riskier. Paying your dues is a safe pattern. You don't suddenly become relevant in your 30's per the Nobel. You don't win $500M contracts before you win $10M. There are very few overnight sensations starting into their field in 30+.
The truth is, the laws of physics don't care about your age. You can make a product people want at any point in time. 99% of it is plumbing. That 1% brilliant insight is often just common sense applied to an intersection of two disparate domains. The majority of successful web companies have made this apparent. All they did was use the web as a platform to simplify some previously web-disconnected task.
As humans, we love the Heroic Myth above all else. That some are chosen by God to rule over us with their talents.
The reality is, if you learn to work within what the laws of physics allow, anything is possible. Just go out there and do it, and don't give up. Physics doesn't care how many times you try, or how long it takes. As long as you don't kill yourself in the process, you can always keep improving.
Don't get caught up in the hype. The tortoise wins the race 99% of the time.
1. http://www.fastcompany.com/3028159/a-broken-place-better-pla...