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At the state level, New York had the highest share of young men living with their parents at 21 percent, followed by New Jersey and Hawaii, all states with higher costs of living. Most of the cities with low percentages of young adults living at home were in the Midwest.
News from The Associated Press (http://hosted.ap.org/dynamic/stories/U/US_CENSUS_RECESSIONS_IMPACT?SITE=AP&SECTION=HOME&T EMPLATE=DEFAULT&CTIME=2011-09-22-00-17-27 - broken link)
I think a large part of the issue here is this generation of parents coddled their kids to no end. The generation of i-this and i-that ans I want this and parents satisfying their needs. Its always someone else's fault and someone else to blame.
While the economy may be in the dumps and we have dooshbags all around in every seat of congress running the government, this generation of kids who have had everything handed to them their whole lives don't understand that jobs aren't just going to appear on a silver platter for them.
Of course this trend will show up more in the states with higher standards of living too because there's just less high paying jobs to go around to sustain that higher cost of living.
I met a woman who is married with three grown up sons. Her husband is in construction and gets an odd job every now and then. He's depressed. THe three sons live at home and don't work. She is the only one with a regular job and is afraid she'll lose her family home of several generations.
What a lousy predicament. If the men in the family would take just any crappy job, sweeping out a Burger King or something, together they might be able to stay afloat. People are just so discouraged that some have given up hope.
I wonder if we are seeing more suicides these days.
seems like a rational response to high rents, and a way to be frugal. Whats the big deal? If my DD gets a job after college in the metro area where we live, I would be DELIGHTED if she lived at home for a time while saving money. Why do people think thats so bad? Is it a goyish thing?
I met a woman who is married with three grown up sons. Her husband is in construction and gets an odd job every now and then. He's depressed. THe three sons live at home and don't work. She is the only one with a regular job and is afraid she'll lose her family home of several generations.
What a lousy predicament. If the men in the family would take just any crappy job, sweeping out a Burger King or something, together they might be able to stay afloat. People are just so discouraged that some have given up hope.
I wonder if we are seeing more suicides these days.
If all 3 took min wage jobs, they would earn somewhere near 43k and would be able to live fine along with their mother working. Even in NYC. Even if 2 of them got min wage jobs, that extra 30k would help a lot.
There's no question that my generation (Gen Y) has been coddled and are pretty damn lazy and think a lot of work is beneath them. Couple that with the near depression economy and you've got a terrible mix.
seems like a rational response to high rents, and a way to be frugal. Whats the big deal? If my DD gets a job after college in the metro area where we live, I would be DELIGHTED if she lived at home for a time while saving money. Why do people think thats so bad? Is it a goyish thing?
It's not a bad thing at all. I'm doing the same while saving and helping out my parents and sibling.
OTOH, as a result of the outlook being so unstable, I really can't predict when would be a good time to move out.
I think that there is something behind this statistic that everyone is failing to take notice of. Although there may be more grown kids staying with their folks here, outside of NYC, where rents are not crazy, there are an awful lot parents paying, or helping to pay, the rent for their kid's apartment. Its not unusual for the parents -- and not just wealthy ones either -- to underwrite all or part of a grown kid's housing, especially when they're relatively young and just starting out. They can also help out sometimes with donating a down payment for a youngster's first home or condo, which they might be able to do when a down payment isnt six figures like it might be here.
So its not like NYC kids are moochers. Its just that kids outside of high-cost places are moochers in a different way.
Last edited by citylove101; 09-22-2011 at 08:52 AM..
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