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Nearly Half of All Young Adults Live with Mom and Dad – and They Like It

20 points by saeedjabbar 3y ago

saiya-jin 3y ago
Till they decide to have kids, or some privacy. I know having kids is not en vogue like it used to be, but still plenty of folks want and will want them, plus you cant erase biological needs of women that easily.
- toomuchtodo 3y ago
  > but still plenty of folks want and will want them https://news.ycombinator.com/item?id=37383877 https://news.ycombinator.com/item?id=37383877 https://ourworldindata.org/fertility-rates/ https://ourworldindata.org/fertility-rates/ https://ourworldindata.org/uploads/2014/02/World-population-by-level-of-fertility-without-projections-750x525.png https://ourworldindata.org/uploads/2014/02/World-population-... https://news.ycombinator.com/item?id=37300184 https://news.ycombinator.com/item?id=37300184 > plus you cant erase biological needs of women that easily. https://news.ycombinator.com/item?id=37325120 https://news.ycombinator.com/item?id=37325120 ("How South Korea’s birth rate dropped below Japan’s") https://news.ycombinator.com/item?id=34992144 https://news.ycombinator.com/item?id=34992144 ("Japan births fall to record low as population crisis deepens")
- rayiner 3y ago
  Multigenerational households make having kids easier. People do it in the rest of the world—the aversion to it is a distinctly Northern European thing.
  - stop50 3y ago
    And that has been the norm relativly not long ago. just over 100-150 years ago multigeneration homes were the norm.
fullshark 3y ago
There was some article I remember about how the Millennial generation was choosing not to buy houses or consumer goods at at large of a volume as previous generations because they preferred things that way. It was like this one, a bunch of statistics + one or two anecdotal examples. It's nonsense, it's economic circumstances, and coping.
- nullindividual 3y ago
  > choosing not to buy houses or consumer goods There were two studies that bore out less == happier. https://www.cnbc.com/2019/10/10/study-millennials-who-buy-less-and-save-more-are-happier.html https://www.cnbc.com/2019/10/10/study-millennials-who-buy-le... For some, it is a choice (and one I'm very happy with, having lived in a household full of 'stuff' which upon reflection, was overwhelming and depressing). For others, I understand it isn't.
- cyanydeez 3y ago
  Especially since homeless encampments keep growing. No one's personally choosing to be homeless or living with their parents out of personal freedom.
  - hansvm 3y ago
    That's the thing. A few people do, and enough people have seen that first or second hand to recognize a kernel of truth in the bullshit the article is peddling. The article then just uses a few stats to bully the average person's perceived ability to push back on the BS and spins a narrative to fill the void they just opened up in your mind. It's likely to "succeed" despite being extremely probably wrong.
- rufus_foreman 3y ago
  By 2019, Millenials were making more money than Boomers or Gen X were making at the same age. Roughly the same percentage owned homes as young adults, 50% for Boomers, 48% for Millenials. Housing costs for Millenials in 2019 were a little higher than for Boomers in 1987 and a little lower than for Gen X in 2005. Millenials have a little less wealth than previous generations at the same age, if you don't count a college education as wealth.
MattGaiser 3y ago
The fastest path to these "milestones" is to skip the traditional incremental steps. If you want to own a home, living with your parents and saving your entire paycheque is the fast track. Not to mention how much cheaper retirement is if you purchase it with younger dollars. That is what I am doing and a lot of my friends are doing. Skip the roommate/renting phase of life in exchange for faster ownership of property and an earlier/richer retirement.
jsisto 3y ago
Another elitist article telling us we are happy with lower standards of living
technick 3y ago
Now they should do a article on parents who move in with their children.
thelastgallon 3y ago
You'll own nothing and you'll be happy - at World Economic Forum

20 points by saeedjabbar 3y ago

Till they decide to have kids, or some privacy. I know having kids is not en vogue like it used to be, but still plenty of folks want and will want them, plus you cant erase biological needs of women that easily.

toomuchtodo 3y ago
> but still plenty of folks want and will want them https://news.ycombinator.com/item?id=37383877 https://news.ycombinator.com/item?id=37383877 https://ourworldindata.org/fertility-rates/ https://ourworldindata.org/fertility-rates/ https://ourworldindata.org/uploads/2014/02/World-population-by-level-of-fertility-without-projections-750x525.png https://ourworldindata.org/uploads/2014/02/World-population-... https://news.ycombinator.com/item?id=37300184 https://news.ycombinator.com/item?id=37300184 > plus you cant erase biological needs of women that easily. https://news.ycombinator.com/item?id=37325120 https://news.ycombinator.com/item?id=37325120 ("How South Korea’s birth rate dropped below Japan’s") https://news.ycombinator.com/item?id=34992144 https://news.ycombinator.com/item?id=34992144 ("Japan births fall to record low as population crisis deepens")
rayiner 3y ago
Multigenerational households make having kids easier. People do it in the rest of the world—the aversion to it is a distinctly Northern European thing.
- stop50 3y ago
  And that has been the norm relativly not long ago. just over 100-150 years ago multigeneration homes were the norm.

fullshark 3y ago

There was some article I remember about how the Millennial generation was choosing not to buy houses or consumer goods at at large of a volume as previous generations because they preferred things that way. It was like this one, a bunch of statistics + one or two anecdotal examples. It's nonsense, it's economic circumstances, and coping.

nullindividual 3y ago
> choosing not to buy houses or consumer goods There were two studies that bore out less == happier. https://www.cnbc.com/2019/10/10/study-millennials-who-buy-less-and-save-more-are-happier.html https://www.cnbc.com/2019/10/10/study-millennials-who-buy-le... For some, it is a choice (and one I'm very happy with, having lived in a household full of 'stuff' which upon reflection, was overwhelming and depressing). For others, I understand it isn't.
cyanydeez 3y ago
Especially since homeless encampments keep growing. No one's personally choosing to be homeless or living with their parents out of personal freedom.
- hansvm 3y ago
  That's the thing. A few people do, and enough people have seen that first or second hand to recognize a kernel of truth in the bullshit the article is peddling. The article then just uses a few stats to bully the average person's perceived ability to push back on the BS and spins a narrative to fill the void they just opened up in your mind. It's likely to "succeed" despite being extremely probably wrong.
rufus_foreman 3y ago
By 2019, Millenials were making more money than Boomers or Gen X were making at the same age. Roughly the same percentage owned homes as young adults, 50% for Boomers, 48% for Millenials. Housing costs for Millenials in 2019 were a little higher than for Boomers in 1987 and a little lower than for Gen X in 2005. Millenials have a little less wealth than previous generations at the same age, if you don't count a college education as wealth.

MattGaiser 3y ago

The fastest path to these "milestones" is to skip the traditional incremental steps. If you want to own a home, living with your parents and saving your entire paycheque is the fast track. Not to mention how much cheaper retirement is if you purchase it with younger dollars. That is what I am doing and a lot of my friends are doing. Skip the roommate/renting phase of life in exchange for faster ownership of property and an earlier/richer retirement.

jsisto 3y ago

Another elitist article telling us we are happy with lower standards of living

technick 3y ago

Now they should do a article on parents who move in with their children.

thelastgallon 3y ago

You'll own nothing and you'll be happy - at World Economic Forum