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Nearly half of Americans age 18 to 29 are living with their parents
- pmg102 3y ago(2020)
- jeffbee 3y agoI'm sure there wasn't anything going on in October 2020 that would have influenced this stat.
- renewiltord 3y agoThe first three words of the article are "the coronavirus epidemic"... I don't think there's anything hidden about this
- gustavus 3y agoThat's a pretty important confounding factor. I wonder if there is anything that happened in 2020 that would've made acquiring new housing more difficult. Seriously any "social science" that was done during the pandemic should probably be thrown out, because of the massive unprecedented alterations to all of society. Even if you found something out not impacted by the pandemic how would you know? Relying on information about social behaviors and societal changes during 2020 without acknowledging the massive impact of the pandemic is like studying mortality in young adult men between 1940-1946 in Europe without acknowledging that there was a world war going on at the time.
- deleted 3y ago[deleted]
- downrightmike 3y agoWe actually have built more housing where the population has been growing. 2006's wild speculation really killed the builders. But overall population growth is going down to nearly meet new construction. https://usafacts.org/articles/population-growth-has-outpaced-home-construction-for-20-years/ https://usafacts.org/articles/population-growth-has-outpaced...
- throwup238 3y agoWe need before, during, and after studies. There's no reason to throw out the ones made during the pandemic, they just need to be put into a greater context and compared with what happens next.
- diogenescynic 3y agoI'm in my mid 30s and have always had a decent job with relatively decent income, but the cost of living has always made it impossible to save enough fast enough to get a down payment on a home. Now I finally have one, but with interest rates it seems like a poor financial decision to buy a home when I can rent the same quality of home for half the price. I feel for kids starting out today, I can't see how they will ever thrive in this world unless they work in big tech and have a really high income. Inflation has crushed everyone but the most elite workers.
- gustavus 3y agoThis study was also done during 2020 which may have had some other confounding factors with it, of course I can't think of what that could be. Part of the squeeze is that we have the largest age demographic, the boomers, in a stage of life in which they are highly unlikely to move, whilst still living in their homes. This issue will sort itself out shortly. At the same time you had incredibly low interest rates which led to many people who already had established credit and assets the ability to borrow against it and move it to real estate in order to find a stable vehicle that would hedge against inflation. The final, and I consider biggest, factor is the fact that the government start indirectly subsidizing housing, which means there was now a massive pool of money that could only be spent on housing available, and the economically predictable thing happened, which was the price of the thing increased substantially because now there was a large portion of money that could only be spent on that thing. As evidence of this the 3 things that seem to be increasing in cost the fastest, and that people complain about the most, Healthcare, Education & Housing are all heavily subsidized by the government. My point being that people have short memories, this housing crises, will eventually pass given time, as long as we don't do anything stupid to make it last longer.
- itake 3y agoSome cultures expect children to take care of their parents once they hit 18. This might not be financially, but culturally driven.
- jncfhnb 3y agoWhat culture would that be??
- pc86 3y agoThe ancient Imadeitup people.
- watwut 3y agoEurope was like that. Your primary and only real social security was a familly. You had property, but not much savings. Kids were expected to provide for their parents in old age. Secondary was a village. It was like that in 19century too, I am not talking about some ancient history.
- jncfhnb 3y agoParents were not in old age when kids were 18
- tekla 3y agoMostly every east Asian country that has a background with Confucianism. So at least 2 Billion People.
- standardUser 3y agoYou want us to believe any culture has a contingent of 18-year-olds out-earning their 40-something parents?
- tekla 3y ago
- jeffbee 3y agoAccording to Census CPS which I consider a better primary source than "BlobStreaming dot org" the fraction of 25-to-34-year-old Americans living in their parents' household bottomed out in 2000 and went up about +50% since then. 2020 dislocation was just a little blip on a larger long-term trend. Another blip of similar magnitude happened in 2011 after the financial crisis.
- lp4vn 3y agoThen you will see 1001 theories about why the population is declining. People in their 30's can't afford a house, let alone raising a family. A whole population inside a certain age group seems completely unable to grasp this basic reasoning.
- kevinwang 3y agoThat makes sense, but it feels to me like the more educated and higher-income young adults are the ones delaying kids / choosing not to have kids. It feels like lower-income young adults are more likely to start families.
- jdewerd 3y agoMmm-hmm, and the same group will jump at the opportunity to wag their finger and blame those lower-income young adults for the consequent economic hardship.
- OkayPhysicist 3y agoThat's not hypocritical, if you're not swinging from the rafters shouting about how a declining birthrate is the end of the world.
- downrightmike 3y agoThat's a good example of anecdotal evidence
- OkayPhysicist 3y agoHigher incomes tends to correlate with better long term planning, and better controlled risk taking. Having a higher income also correlates with having grown up in a higher income household, and thus having more expensive ideas of what table-stakes childrearing looks like. So, as some well paid techbro, I probably had a relatively well-off childhood, and my perceived cost of having a kid is going to include A) paying for their entire college education B) paying for childcare, because I met my SO through my similar socioeconomic social circle and thus they also have a career C) moving to the suburbs where I can own a house large enough to house a family and D) still maintaining a level of wealth such that I can smooth over any unexpected expenses/life events.
- tedunangst 3y agoWhy doesn't this article have a graph showing the percentage in the past?
- wharvle 3y agoLast time we had an article about this sort of thing (a few months back?) the difference wasn’t big between generations, at similar ages. Under 5% difference between current 20-somethings and the Boomers, IIRC. Up, but not that much. This could be a different dataset though, I dunno.
- hnuser847 3y agoThis article has a graph going back over a century. The percent of young adults living with parents in 1960 was only 29%, so I'd say the current value is pretty significant. [1] https://www.pewresearch.org/short-reads/2020/09/04/a-majority-of-young-adults-in-the-u-s-live-with-their-parents-for-the-first-time-since-the-great-depression/ https://www.pewresearch.org/short-reads/2020/09/04/a-majorit...
- philsnow 3y agoIt sounds like Japan since the 90s, but without broad societal acceptance
- downrightmike 3y agoI really hope hikikomori doesn't become normal
- standardUser 3y agoBased on how much I read about loneliness in America these days, and the lack of dating/sex, especially among men, it seems like extreme isolation is increasingly common in the US.
- Gigachad 3y agoBecause modern urban design and car culture keeps people isolated in their boxes.
- toomuchtodo 3y agoIt’s already here. https://www.npr.org/2014/08/11/338042751/why-are-men-leaving-the-american-workforce https://www.npr.org/2014/08/11/338042751/why-are-men-leaving... https://cis.org/Report/WorkingAge-Not-Working https://cis.org/Report/WorkingAge-Not-Working https://nypost.com/2022/11/02/disturbing-rise-of-the-nilfs-men-not-in-the-labor-force/ https://nypost.com/2022/11/02/disturbing-rise-of-the-nilfs-m... https://www.usatoday.com/story/news/health/2023/12/24/loneliness-epidemic-u-s-surgeon-general-solution/71971896007/ https://www.usatoday.com/story/news/health/2023/12/24/loneli... https://mcc.gse.harvard.edu/reports/loneliness-in-america https://mcc.gse.harvard.edu/reports/loneliness-in-america
- Klonoar 3y agoHikikomori is just a word that’s specific to Japan. We certainly have the same thing here in the USA, we just treat the people differently.
- WarOnPrivacy 3y agoI live with my 5 adult sons because here (rural FL) it requires 4 incomes to afford minimal, basic bills - in a debt-free household.
- downrightmike 3y agoSeems strange for a state with no income tax, that would happen
- WarOnPrivacy 3y agoWhy? Can you be more specific? Are you thinking that an income tax would hugely impact our overall expenses - say by an amount equal to one or two incomes?
- itake 3y agoFlorida CoL is driven by out-of-staters (specifically New England snow birds and retirees). earned money out of state and then buy vacation properties or primary residences. No-income tax attracts people living on a fixed income (gained by being employed out of state via Social Security, Pensions, and traditional retirement accounts). Florida income cannot compete with NYC income, even if there is no income tax.
- WarOnPrivacy 3y agoIn short we're saying: Market forces responded to lower taxes by sharply increasing the cost of living.
- itake 3y agoClearly that doesn’t work, bc high cost of living states, like ny or ca. would have lower col Instead we see the opposite.
- WarOnPrivacy 3y agoAnd yet, that is the thing that happened here. Maybe those other places were affected by factors that exist there.
- BadCookie 3y agoHere’s a chart with more up-to-date data: https://www.census.gov/content/dam/Census/library/visualizations/time-series/demo/families-and-households/ad-1.pdf https://www.census.gov/content/dam/Census/library/visualizat...
- LASR 3y agoMight be an unpopular opinion, especially in North America, but I think families living together is a great thing. I have a wife and child, and we all live with my parents in a largish 6-bedroom house. They are retired and I support them financially. While they bought this house before I entered the workforce, I now pay the mortgage on this house. A few years ago we did a total rebuild of the house, and it's now a great living experience - something that neither my parents nor myself could have individually made possible. In a few years, as their health declines and they need support, it's easier for everyone that they are right here. Right now, they help a lot with childcare. My wife and I - we just bought a second house that is fully rented out. While that one does not breakeven with its mortgage, it does end up being affordable. My wife's parents and their son (my wife's brother) also live together. He is a doctor and supports them. When I mention this to my coworkers or friends, the initial reaction is almost never positive. I've never understood that perspective. I don't mention it any more.
- ejb999 3y agoits a great thing if all parties want it for the right reasons - if it is done solely out of economic necessity, not-so-much.
- intrasight 3y agoEconomics is certainly one of the right reasons
- refulgentis 3y agoCertainly: their post mentions _solely out of economic necessity_ is not certainly one of the right reasons.
- RajT88 3y agoThis is pretty common for people in other parts of the world (Asia, notably). IIRC, it was kind of normal in Western nations during the Victorian era. In North America today, there's this culture of independence and individualism which would rub many the wrong way to have their in-laws/parents living with them all the time. My own in-laws stayed with us a few times for a couple months at a time. I must admit the level of shenanigans my wife and I normally get up to was much lower during that time, even though I thought it was nice having them around for a while. Relationship dynamics are probably a major factor here, as well as personality types.
- deleted 3y ago[deleted]
- blueridge 3y agoI think learned helplessness is a real problem. We have friends in their late 30's and early 40's who still live with multiple roommates. They're "well educated" but can't seem to hold a job, or stay in a relationship, or pay for anything. They've got subscriptions ticking away that they didn't remember they had, and then they're shocked to learn about an overdraft fee or a big credit card bill. One of them recently got a high paying job at a medical office and then abruptly quit because "there weren't any photos of black people on the office walls." They like to remind everyone of how broke they are, but they have new cars or new car leases, a new iPhone every other year, and seem to have plenty of money for weed. Lots and lots of weed. When they do get a job, they're always the victim, nothing is ever their fault. Or they'll complain about how much work they have to do, or how fast they're expected to move. But they do nothing quickly, it's like their neurons don't fire. They'll spend 30 minutes in a dazed state trying to figure out how to arrange groceries in a single bag. And they're always late, to everything. They're late to dinner, to gym class, to the movies, to important events. It doesn't seem to bother them at all. Being late is part of their "woe is me" disposition. They're all good people, but their brains are a gelatinous mess and they exist in a perpetual state of helpless confusion. Lights are on, no one's home. They got a master's degree but didn't learn anything about how interest works? We've tried to help in any way we can. We've helped them with job applications and basic communication skills, taught one of them about credit card statements and due dates, and helped another pay down and close out 15 rewards cards. Yeah yeah, there's lots of nuance that I've left out, lots of reasons for the current condition of a large demographic, lots of reasons for families to live and stay together. I'm just saying, I am constantly surprised (especially when hiring) at how careless and sluggish some people are about...everything.
- RajT88 3y ago> Lots and lots of weed. The people you describe do not sound like the vast majority of people I know. The couple of people I know like this are on the "wake and bake" plan, so of course they can't understand interest or plan ahead or really any of that normal adulting.
- erkjs 3y agosounds like the "lots and lots of weed" left a mark there...
- AndrewKemendo 3y agoIs this an example of the progress people keep telling me is happening? These young people aren’t blazing the trail for bringing back multi-family living arrangements for cultural cohesion. This along with the decreasing desire for children and family is the result of a loss of hope. Hope isn’t in GDP and employment statistics unfortunately Edit: https://www2.census.gov/programs-surveys/demo/tables/families/time-series/adults/ad1.xls https://www2.census.gov/programs-surveys/demo/tables/familie... The major change is that women aren’t leaving the house by the tune of ~10+ since 2008. Percentages for men are unchanged historically.
- philomath_mn 3y agoI am counted in this statistic, though my father-in-law lives _with us_ in a house my wife and I bought on our own. He has his own space in the basement and helps a lot with the kids so it works out great.
- tennisflyi 3y agoNot sure why people think their are jobs that pay 3x to even rent a place...
- deleted 3y ago[deleted]
- jongjong 3y agoMy parents were of the kind who believed that children should be out of the house by 18 but a decade later with current economic situation, they've agreed that I can move in. Unfortunately there are no tech jobs where they live and my partner doesn't like the town so that's a challenge. My life is a constant struggle against 'the culture' aka 'the brainwash'. I would live in a tent on some island if it was purely up to me. My wife had highly expectations, especially when we met so the fact that she is willing to live with me in poverty today is already stretching my persuasive capabilities. Convincing her to live in a tent is outside of my capabilities as she hates camping.
- ChrisArchitect 3y ago(2020)