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A majority of young adults in the U.S. live with their parents
- c0ckm4st3r 5y agoWell that is what happens when you are liberal trash.
- the_only_law 5y agoAt least learn to speak properly in the language you’re going to troll in.
- c0ckm4st3r 5y agoAt least learn to suck a dick properly.
- SevenSigs 5y agohe is missing a comma?
- pope_meat 5y agoI don't know why the poor's keep complaining, everything is great. Median income statistic as proof I am very smart.
- kaycebasques 5y agoIt's funny how different the connotations of this are in the US compared to, I think, many countries in the rest of the world. I just spent a few months in Brazil and my impression was that it's common/normal for people to live with their parents longer. I believe it's similar in Italy? For men, at least. Am I wrong about those two? For the non-US HN crowd, what about your country?
- mullingitover 5y agoIt's not that it's different than the rest of the world, it's that in the past the US was wealthy enough that this wasn't a typical thing to do. The news here is more that the US is in decline, and it's no longer standard for young people to be able to afford to live on their own.
- pope_meat 5y agoThe US is in decline for some of us. The wealthy folks are raking it in like never before.
- LurkingPenguin 5y agoExactly. I live in an East Asian country and my impression is that generally speaking young people who live at home would prefer to live alone but don't because of finances and filial piety.
- jefftk 5y agoIt's less that the US has become less wealthy, and more that we have manufactured a housing crisis by refusing to allow people to construct housing to keep up with demand.
- PhantomGremlin 5y agowe have manufactured a housing crisis I agree there's a housing crisis, not sure how we arrived at one, "manufactured" or whatever. Just one data point, personal. As a young professional I bought a fairly new house in the Portland Oregon suburbs in the 1980s for about 2x my salary. Today my daughter, a young professional, would have to pay closer to 8x her salary (if you believe Zillow) to buy that very same "starter" house, which is now 35 years older. Rents have commensurately increased. To quote Jimmy McMillan: "the rent is too damn high".
- jefftk 5y ago"Manufactured" as in "this is a problem we created through bad policy". It is far harder to build new housing in the US than it used to be, which drives up prices for existing homes, which benefits the local homeowners (voters!) at the expense of everyone else.
- chrisseaton 5y ago> unmarried students who reside in on-campus college dorms are counted as living in their family home Eh? So if more people went to college it would show up as more living at home?
- jackson1442 5y agoPartly because dorms will kick you out over longer breaks (winter and summer) and will expect you to leave for shorter breaks (thanksgiving, if you’re somewhere with a weeklong break and spring break). Over winter break I had to turn in my room key to the desk and my access card was deactivated. Those who paid to stay thru winter had to move to a specified dorm. So yeah, you still have to depend on someone else for housing while in the dorms, at least how I experienced it.
- yardie 5y agoKids, stay at home, save money, use your parents insurance until 26, save money. Car insurance is high until 25, except if you’re on your parents policy. I bought my first flat at 29 after a string of bad decisions in my youth. The best thing you can do is set up an investment account early and let the savings compound.
- chrisseaton 5y agoYou shouldn’t save money over looking after your mental health. Your own space as an adult is important.
- anonnyj 5y agoConstantly splurging on instant gratifications does the opposite of help one's mental health.
- Quikinterp 5y agoSeems like he was referring to moving out and spending money on rent, from what I can gather
- deleted 5y ago[deleted]
- void_mint 5y agoWho's talking about constantly splurging?
- yann2 5y agoIts the US. Lots of parents have mental health issues. Nothing good happens to kids who stick around in unhealthy environments. Which is to say the path that works depends a lot on the type of people you are around.
- drdeadringer 5y agoNot everyone's parents are good role models [define "good" as you wish], or actually want you there, &c.
- giantg2 5y agoThis doesn't seem like a big deal. The group that would typically be out of college (25-29) only increased from 26% to 28%.
- chiefalchemist 5y ago> The coronavirus outbreak has pushed millions of Americans, especially young adults, to move in with family members. This statement isn't accurate. What triggered this movement was the economic fallout from the government's reaction to the Covid 19 pandemic; not the pandemic itself. Furthermore, it would be hekpful to understand how many of these households were eventually victims (?) of Covid 19. That is, risk adverse individual moves home. Carries on with usual lifestyle. Eventually gets sick, infects others at home, and so on.
- chiefalchemist 5y agoNote to self: Never point out newspeak on HN. Instead just repeat the narrative and let deception persist.
- SantalBlush 5y agoThe sense of martyrdom around here is just too much, and this comment exemplifies it.
- harmegido 5y agoI'm cautiously curious about how you'd interpret this data: https://www.nytimes.com/2020/05/07/upshot/pandemic-economy-government-orders.html https://www.nytimes.com/2020/05/07/upshot/pandemic-economy-g... It seems pretty straightforward to me that a massive pandemic is going to hurt the economy, regardless of government action. I'm sure there will be other data points to look at in the future for what the consequences of various responses were (e.g. Sweden vs neighbors/etc?).
- baron816 5y agoI'm hoping there will be a big housing boom this decade. I think with remote work, and a continued backlash against NIMBYism, it's not unlikely. That'll keep the economy driving forward, plus create a lot of nice blue collar jobs for people. Plus, it could drive a baby boom.
- ipnon 5y agoWhat young adults are waiting for is a housing bust, a generational dip, a once in a lifetime buying opportunity to get on the housing ladder at a fair price.
- ryan93 5y agoSame thing
- x3sphere 5y agoYeah it's unlikely to happen though. The conditions of this housing boom are nothing like the last one. Mortgage requirements much more stringent. Additionally, monetary policy in the US is responsible for inflating assets and they are showing no intention to raise rates in any significant way. Maybe prices cool off a bit when they eventually start to raise rates but I expect there will be no bust. These prices are the new normal.
- ipnon 5y agoI think it's hard for most American homeowners to make a connection between their rising home equity, and their children being dependent on them for basic needs past an "acceptable" age.
- cyberge99 5y agoIt would be interesting to see how the numbers compare this year.
- MattGaiser 5y agoI am Canadian, but I do this and I have a bunch of friends that do this, even with well paying jobs. You can save and invest, cut your insurance costs for vehicles, use their health insurance, not have to buy all the other appliances that people tend to, etc. You can compress this chart by literally decades in a few years. https://fourpillarfreedom.com/wp-content/uploads/2018/01/savingTime4.png https://fourpillarfreedom.com/wp-content/uploads/2018/01/sav... Yes, you need to launch sometime, but why not wait and do it in a financial Saturn V?