Nearly half of Americans age 18 to 29 are living with their parents
blobstreaming.org
Nearly half of Americans age 18 to 29 are living with their parents
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Re: Nearly half of Americans age 18 to 29 are living with their parents
#2(2020)
Re: Nearly half of Americans age 18 to 29 are living with their parents
#3(2020)
I'm sure there wasn't anything going on in October 2020 that would have influenced this stat.
Re: Nearly half of Americans age 18 to 29 are living with their parents
#4I'm in my mid 30s and have always had a decent job with relatively decent income, but the cost of living has always made it impossible to save enough fast enough to get a down payment on a home. Now I finally have one, but with interest rates it seems like a poor financial decision to buy a home when I can rent the same quality of home for half the price. I feel for kids starting out today, I can't see how they will ever thrive in this world unless they work in big tech and have a really high income. Inflation has crushed everyone but the most elite workers.
Re: Nearly half of Americans age 18 to 29 are living with their parents
#5Some cultures expect children to take care of their parents once they hit 18. This might not be financially, but culturally driven.
Re: Nearly half of Americans age 18 to 29 are living with their parents
#6Some cultures expect children to take care of their parents once they hit 18. This might not be financially, but culturally driven.
What culture would that be??
Re: Nearly half of Americans age 18 to 29 are living with their parents
#7(2020)
That's a pretty important confounding factor. I wonder if there is anything that happened in 2020 that would've made acquiring new housing more difficult.
Seriously any "social science" that was done during the pandemic should probably be thrown out, because of the massive unprecedented alterations to all of society. Even if you found something out not impacted by the pandemic how would you know?
Relying on information about social behaviors and societal changes during 2020 without acknowledging the massive impact of the pandemic is like studying mortality in young adult men between 1940-1946 in Europe without acknowledging that there was a world war going on at the time.
Re: Nearly half of Americans age 18 to 29 are living with their parents
#8Re: Nearly half of Americans age 18 to 29 are living with their parents
#9According to Census CPS which I consider a better primary source than "BlobStreaming dot org" the fraction of 25-to-34-year-old Americans living in their parents' household bottomed out in 2000 and went up about +50% since then. 2020 dislocation was just a little blip on a larger long-term trend. Another blip of similar magnitude happened in 2011 after the financial crisis.
Re: Nearly half of Americans age 18 to 29 are living with their parents
#10Then you will see 1001 theories about why the population is declining. People in their 30's can't afford a house, let alone raising a family. A whole population inside a certain age group seems completely unable to grasp this basic reasoning.