3 ms·

On the flip side the youngest millennials are 28 years old by that standard. It's significant that 20% of that group haven't been able to move away from family.

verandaguy 3y ago
No argument from me -- I agree with you, it's a reflection of the state of the economy right now. My other comment was mostly a reaction to the stigma that often surrounds living at home past university (or even sometimes high school) graduation, and how it seems like an increasingly unreasonable standard to hold people to.
- jackcosgrove 3y ago
  I see. I used to look askance at stories of living with parents from a place like Italy back in the early 2000s, but in retrospect they were the canary in the coal mine. This is becoming a global phenomenon. It's hiding standards of living that are falling fast for younger generations. It's easier to keep people off the poverty rolls when they can move back in with parents and forgo starting families of their own.
- api 3y ago
  It’s not the state of the entire economy. It’s one thing: housing prices. Most other economic stats are fine or even good. Tuition and health care are also problems, but housing cost disease is the one that is most pervasive and affects the most people. The root cause is mostly a supply problem due to bad zoning, bad regulations, and NIMBYs. This is exacerbated by prolonged extremely low interest rates flooding a constrained market with cash.
  - bronsonkhmai 3y ago
    The economy is a bogus argument because you can always blame the economy for not moving out. If the economy is bad then you can't move out. If the economy is good well then it is just about to get bad so you can't move out either. There was never a time in the past that renting didn't eat up most of your money. I didn't know anyone who moved out when I moved out that wasn't also dead broke. This was in the mid 90s though and it was the most magical time to be on your own and young. I don't think I would bother moving out now though if I was young because why pay so much more money just to fuck off on your phone in your own apartment instead of your parent's basement? The economics are pretty much the same. The culture though is night and day different.
jacquesm 3y ago
> It's significant that 20% of that group haven't been able to move away from family. They may not have wanted to? It all depends on the individuals, one family member still lives with their parents and everybody seems to be just fine with it. Not everybody wants to start a family of their own and not everybody looks to get away from home right after they turn 18.
- dathinab 3y ago
  The culture wide spread in many parts of the US pushes people out of the house around the time they become adults to a point where it people might have looked down on you if you didn't (e.g. typical stereo type of the incompetent loser living in their parents basement). While this clearly never applied to all of the US it applied to a significant part of it. Now if culture would have massively changed wrt. how family constructs are seen that could explain the increase but AFIK there was no such change. So in my opinion it's pretty clear that a main driving factor of this increase is that living in your own household has gotten dam expensive. Too expensive. And yes you can re-frame it as "they don't want to" (because it's to expensive). But that misses the point.
antisthenes 3y ago
If you aren't married with kids, what's the point of moving away? There's efficiency in living under the same roof (unless you hate each other's guts). Especially when you consider how huge and wasteful USA single family homes are.
oliwarner 3y ago
What's the baseline for that "significant" judgement though? Scroll down the article a bit and you'll see an age-aligned comparison. The percentage of at-homers has only grown 7% since Boomers stole all the jobs and land. The relative cost of property/rent to income makes this trend really simple to understand.

verandaguy 3y ago

No argument from me -- I agree with you, it's a reflection of the state of the economy right now. My other comment was mostly a reaction to the stigma that often surrounds living at home past university (or even sometimes high school) graduation, and how it seems like an increasingly unreasonable standard to hold people to.

jackcosgrove 3y ago
I see. I used to look askance at stories of living with parents from a place like Italy back in the early 2000s, but in retrospect they were the canary in the coal mine. This is becoming a global phenomenon. It's hiding standards of living that are falling fast for younger generations. It's easier to keep people off the poverty rolls when they can move back in with parents and forgo starting families of their own.
api 3y ago
It’s not the state of the entire economy. It’s one thing: housing prices. Most other economic stats are fine or even good. Tuition and health care are also problems, but housing cost disease is the one that is most pervasive and affects the most people. The root cause is mostly a supply problem due to bad zoning, bad regulations, and NIMBYs. This is exacerbated by prolonged extremely low interest rates flooding a constrained market with cash.
- bronsonkhmai 3y ago
  The economy is a bogus argument because you can always blame the economy for not moving out. If the economy is bad then you can't move out. If the economy is good well then it is just about to get bad so you can't move out either. There was never a time in the past that renting didn't eat up most of your money. I didn't know anyone who moved out when I moved out that wasn't also dead broke. This was in the mid 90s though and it was the most magical time to be on your own and young. I don't think I would bother moving out now though if I was young because why pay so much more money just to fuck off on your phone in your own apartment instead of your parent's basement? The economics are pretty much the same. The culture though is night and day different.

jacquesm 3y ago

> It's significant that 20% of that group haven't been able to move away from family. They may not have wanted to? It all depends on the individuals, one family member still lives with their parents and everybody seems to be just fine with it. Not everybody wants to start a family of their own and not everybody looks to get away from home right after they turn 18.

dathinab 3y ago
The culture wide spread in many parts of the US pushes people out of the house around the time they become adults to a point where it people might have looked down on you if you didn't (e.g. typical stereo type of the incompetent loser living in their parents basement). While this clearly never applied to all of the US it applied to a significant part of it. Now if culture would have massively changed wrt. how family constructs are seen that could explain the increase but AFIK there was no such change. So in my opinion it's pretty clear that a main driving factor of this increase is that living in your own household has gotten dam expensive. Too expensive. And yes you can re-frame it as "they don't want to" (because it's to expensive). But that misses the point.

antisthenes 3y ago

If you aren't married with kids, what's the point of moving away? There's efficiency in living under the same roof (unless you hate each other's guts). Especially when you consider how huge and wasteful USA single family homes are.

oliwarner 3y ago

What's the baseline for that "significant" judgement though? Scroll down the article a bit and you'll see an age-aligned comparison. The percentage of at-homers has only grown 7% since Boomers stole all the jobs and land. The relative cost of property/rent to income makes this trend really simple to understand.