9 ms·

The claim here is confounded by overall decline in marriage rates. If you look at people living with a partner the numbers are not as stark though an increase i

The claim here is confounded by overall decline in marriage rates. If you look at people living with a partner the numbers are not as stark though an increase in living with parents is still there.

HarryHirsch 7y ago
The decline of marriage rate may not be a confounder. Young people live with their parents because of the lack of financial stability and they are not good marriage prospects because of the lack of financial stability.
- castlecrasher2 7y ago
  Does marriage increase financial stability? My personal bias says yes but I may be incorrect on that.
  - JMTQp8lwXL 7y ago
    It doesn't increase financial stability, it's a sign that you've achieved it. Though, a married man may seem more hirable to a company, since they can presume he needs the income to support not only himself, but his family.
    - chickenpotpie 7y ago
      I don't see why marriage doesn't increase financial stability. Marriage is basically getting an incredibly efficient roommate. A spouse is a roommate that is fine with sharing a bedroom, a bathroom, can give you insurance, lower your taxes, etc.
      - abledon 7y ago
        and each day a RNG fires off from 1->10000 and if it hits in the target range, you lose half your assets lol
        UnFleshedOne 7y ago
        Just make sure you marry somebody with more assets than yourself, then this is not a problem.
        anon9001 7y ago
        A pre-nup costs a few grand, just do that if you're concerned.
  - Mountain_Skies 7y ago
    According to Elizabeth Warren's book "The Two Income Trap", two income households are less financially stable because you've doubled the odds that someone in the household will become unemployed. Unless you live on one income and bank the other, having a lifestyle that depends on two incomes is less stable than depending on just one income. Of course, you don't have to be married to be a two income household and spouses who don't work outside the home exist but the default for married coupled does seem to be both work fulltime, which is financially less stable than having just one spouse working.
    - benhurmarcel 7y ago
      I don't understand how that makes sense. It doubles the probability of one person losing his job, but it halves the consequences of it. It makes the probability of losing all income a lot lower.
- RocketSyntax 7y ago
  Eh, if you aren't married, why bother getting your own place? Especially after living away at college for 4+ years, it's not so bad to come back home for a while.
  - refurb 7y ago
    Having pride in being a self sufficient adult is one benefit of moving away from home. Going away to college is a halfway point. There is a whole infrastructure to help you with the transition. Moving out entirely on your own is a big step. You learn to take care of yourself and at least for me, there was a lot of pride in being able to say “This is my own life and I can take care of myself”.
    - learc83 7y ago
      No one is really self sufficient. Unless you live in the woods, that's just an illusion. You're just dependent on people other than your family. Multi-generation housing has been the default throughout most of history, and is still common in many parts of the world. Being an adult and taking on extra responsibilities is orthogonal to whether or not you live in a multi-generational household.
      - refurb 7y ago
        No true Scotsman. Sure, no one is truly self-diffident, but that doesn’t mean there isn’t a big difference between living on your own or living in your mom’s basement. And yes, multi-generational living was very common in the past, but so was having 5+ children. That doesn’t necessarily make it a better choice.
        learc83 7y ago
        No true Scotsman isn't even remotely relevant. >that doesn’t mean there isn’t a big difference between living on your own or living in your mom’s basement. Where you live really says nothing about your level of responsibility or self-reliance. I know people who moved out when they were 18, but still depend on their parents for financial support, and I know people living at home who's parents depend on them for financial support. I know people who live with their families who can grow a significant portion of their own food, and people who live alone who would starve if DoorDash shut down. And I know people who live with their parents who have children of their own to care for, and people who live alone who have carefully orchestrated their lives to avoid any kind of responsibility to other people. >And yes, multi-generational living was very common in the past, but so was having 5+ children. That doesn’t necessarily make it a better choice. Not necessarily, but the converse is also true. You move out because you desire freedom. You wanted something, so you bought it. Don't frame it as something noble, or inherently superior.
- vonmoltke 7y ago
  The question is what the rate of single young people living on their own is doing. That's why the decline in marriage rate is a confounder.

The claim here is confounded by overall decline in marriage rates. If you look at people living with a partner the numbers are not as stark though an increase in living with parents is still there.

HarryHirsch 7y ago

The decline of marriage rate may not be a confounder. Young people live with their parents because of the lack of financial stability and they are not good marriage prospects because of the lack of financial stability.

castlecrasher2 7y ago
Does marriage increase financial stability? My personal bias says yes but I may be incorrect on that.
- JMTQp8lwXL 7y ago
  It doesn't increase financial stability, it's a sign that you've achieved it. Though, a married man may seem more hirable to a company, since they can presume he needs the income to support not only himself, but his family.
  - chickenpotpie 7y ago
    I don't see why marriage doesn't increase financial stability. Marriage is basically getting an incredibly efficient roommate. A spouse is a roommate that is fine with sharing a bedroom, a bathroom, can give you insurance, lower your taxes, etc.
    - abledon 7y ago
      and each day a RNG fires off from 1->10000 and if it hits in the target range, you lose half your assets lol
      - UnFleshedOne 7y ago
        Just make sure you marry somebody with more assets than yourself, then this is not a problem.
      - anon9001 7y ago
        A pre-nup costs a few grand, just do that if you're concerned.
- Mountain_Skies 7y ago
  According to Elizabeth Warren's book "The Two Income Trap", two income households are less financially stable because you've doubled the odds that someone in the household will become unemployed. Unless you live on one income and bank the other, having a lifestyle that depends on two incomes is less stable than depending on just one income. Of course, you don't have to be married to be a two income household and spouses who don't work outside the home exist but the default for married coupled does seem to be both work fulltime, which is financially less stable than having just one spouse working.
  - benhurmarcel 7y ago
    I don't understand how that makes sense. It doubles the probability of one person losing his job, but it halves the consequences of it. It makes the probability of losing all income a lot lower.
RocketSyntax 7y ago
Eh, if you aren't married, why bother getting your own place? Especially after living away at college for 4+ years, it's not so bad to come back home for a while.
- refurb 7y ago
  Having pride in being a self sufficient adult is one benefit of moving away from home. Going away to college is a halfway point. There is a whole infrastructure to help you with the transition. Moving out entirely on your own is a big step. You learn to take care of yourself and at least for me, there was a lot of pride in being able to say “This is my own life and I can take care of myself”.
  - learc83 7y ago
    No one is really self sufficient. Unless you live in the woods, that's just an illusion. You're just dependent on people other than your family. Multi-generation housing has been the default throughout most of history, and is still common in many parts of the world. Being an adult and taking on extra responsibilities is orthogonal to whether or not you live in a multi-generational household.
    - refurb 7y ago
      No true Scotsman. Sure, no one is truly self-diffident, but that doesn’t mean there isn’t a big difference between living on your own or living in your mom’s basement. And yes, multi-generational living was very common in the past, but so was having 5+ children. That doesn’t necessarily make it a better choice.
      - learc83 7y ago
        No true Scotsman isn't even remotely relevant. >that doesn’t mean there isn’t a big difference between living on your own or living in your mom’s basement. Where you live really says nothing about your level of responsibility or self-reliance. I know people who moved out when they were 18, but still depend on their parents for financial support, and I know people living at home who's parents depend on them for financial support. I know people who live with their families who can grow a significant portion of their own food, and people who live alone who would starve if DoorDash shut down. And I know people who live with their parents who have children of their own to care for, and people who live alone who have carefully orchestrated their lives to avoid any kind of responsibility to other people. >And yes, multi-generational living was very common in the past, but so was having 5+ children. That doesn’t necessarily make it a better choice. Not necessarily, but the converse is also true. You move out because you desire freedom. You wanted something, so you bought it. Don't frame it as something noble, or inherently superior.
vonmoltke 7y ago
The question is what the rate of single young people living on their own is doing. That's why the decline in marriage rate is a confounder.