4 ms·

That title is ridiculous. I just skimmed the article, but do they think that young americans want to live with their parents? It's all just an affect the recess

That title is ridiculous. I just skimmed the article, but do they think that young americans want to live with their parents? It's all just an affect the recession we're still coming out of. People want to have a stable platform before having a family, and that's harder to have when the job market is down.

deleted 10y ago
[deleted]
thyrsus 10y ago
The subtitle is much better: "Millennials are lagging behind on the traditional markers of adulthood." Also: "There's also no sign that young people today are lazier than three decades ago. In 1980, 74 percent of baby boomers reported that they had worked in the past week, the Census data show. In 2015, slightly more millennials, 77 percent, said they'd been to work in the past week."
- mikekchar 10y ago
  TL;DR: It seems to me that this is a misleading evaluation of the data. It appears to me that more people are being financially supported by their parents. In 1980 the unemployment rate (according to a quick google search) was around 7%. In 2015 it was around 5%. If I understand correctly, the unemployment rate measures the number of people actively looking for work. So I guess this means that in both cases the population between ages 25-35 who are not working, but also are not looking is pretty close to 20% (!?!?!) So, if I look at the pretty graphs in the article, the percentage of married people in 1980 is nearly 70%, while it is roughly 40% in 2015. It's frustrating because I have no idea if they are counting "equivalent to married" status here (or if that's a thing in the US). The number of people living with their parents (and presumably not in an "equivalent to married" situation) is about 10% in 1980 and about 20% in 2015. So what I'm getting at here is that some part of the 20% that are not looking for work is because their spouse (or equivalent) is working, some part is because the parents are working, and some part is because the people are independently wealthy or living on the streets. I couldn't get poverty rates for 1980, but it appears to have been relatively consistent for the last 30-40 years (with a reported dip in the 1990's). So, it appears to me that, indeed, there are more people being supported by their parents in 2015, while in 1980 there were more people supported by their spouses. I think this probably does indicated a problem in the future, though less to do with the institution of marriage and more to do with the financial outlook of the population. Aside: for an organisation built on financial data, Bloomberg publishes some pretty awful articles data-wise.
helthanatos 10y ago
I can tell you one thing: I really don't care to ever find a wife and don't care to leave my parent's house anytime soon. College is just too expensive to live anywhere but my parent's house. I need to get loans from them because student loans only cover half of my tuition.
- TheSpiceIsLife 10y ago
  If life has taught me anything it is that present me has very little idea about what future me wants.
  - helthanatos 10y ago
    Except I'm a bit more incompatible with people.
slededit 10y ago
The recession is over and employment levels are back to what they were in the 90s (yes even underemployment). If marriage rates are still low then something else is to blame. Source: https://data.bls.gov/timeseries/LNS13327709 https://data.bls.gov/timeseries/LNS13327709

deleted 10y ago

[deleted]

thyrsus 10y ago

The subtitle is much better: "Millennials are lagging behind on the traditional markers of adulthood." Also: "There's also no sign that young people today are lazier than three decades ago. In 1980, 74 percent of baby boomers reported that they had worked in the past week, the Census data show. In 2015, slightly more millennials, 77 percent, said they'd been to work in the past week."

mikekchar 10y ago
TL;DR: It seems to me that this is a misleading evaluation of the data. It appears to me that more people are being financially supported by their parents. In 1980 the unemployment rate (according to a quick google search) was around 7%. In 2015 it was around 5%. If I understand correctly, the unemployment rate measures the number of people actively looking for work. So I guess this means that in both cases the population between ages 25-35 who are not working, but also are not looking is pretty close to 20% (!?!?!) So, if I look at the pretty graphs in the article, the percentage of married people in 1980 is nearly 70%, while it is roughly 40% in 2015. It's frustrating because I have no idea if they are counting "equivalent to married" status here (or if that's a thing in the US). The number of people living with their parents (and presumably not in an "equivalent to married" situation) is about 10% in 1980 and about 20% in 2015. So what I'm getting at here is that some part of the 20% that are not looking for work is because their spouse (or equivalent) is working, some part is because the parents are working, and some part is because the people are independently wealthy or living on the streets. I couldn't get poverty rates for 1980, but it appears to have been relatively consistent for the last 30-40 years (with a reported dip in the 1990's). So, it appears to me that, indeed, there are more people being supported by their parents in 2015, while in 1980 there were more people supported by their spouses. I think this probably does indicated a problem in the future, though less to do with the institution of marriage and more to do with the financial outlook of the population. Aside: for an organisation built on financial data, Bloomberg publishes some pretty awful articles data-wise.

helthanatos 10y ago

I can tell you one thing: I really don't care to ever find a wife and don't care to leave my parent's house anytime soon. College is just too expensive to live anywhere but my parent's house. I need to get loans from them because student loans only cover half of my tuition.

TheSpiceIsLife 10y ago
If life has taught me anything it is that present me has very little idea about what future me wants.
- helthanatos 10y ago
  Except I'm a bit more incompatible with people.

slededit 10y ago

The recession is over and employment levels are back to what they were in the 90s (yes even underemployment). If marriage rates are still low then something else is to blame. Source: https://data.bls.gov/timeseries/LNS13327709 https://data.bls.gov/timeseries/LNS13327709