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This is the inevitable result of our greedy CEOs outsourcing millions of American jobs.
'According to a Gallup survey , 3 out of every 10 adults under 35 are still living at home.
Pew Research Center analysis found that 36 percent of Americans 18 to 31 years old were still living with their parents, the highest level ever recorded.
So what is causing all of this?
More Americans than ever before seem to be living in a state of “perpetual adolescence”.
The total amount of student loan debt in the United States has risen to a brand new all-time record of 1.08 trillion dollars.
-Student loan debt accounted for 3.1 percent of all consumer debt in 2003. Today, it accounts for 9.4 percent of all consumer debt.
Meanwhile, our young adults are still really struggling to find jobs.'
This is the inevitable result of our greedy CEOs outsourcing millions of American jobs.
'According to a Gallup survey , 3 out of every 10 adults under 35 are still living at home.
Pew Research Center analysis found that 36 percent of Americans 18 to 31 years old were still living with their parents, the highest level ever recorded.
So what is causing all of this?
More Americans than ever before seem to be living in a state of “perpetual adolescence”.
The total amount of student loan debt in the United States has risen to a brand new all-time record of 1.08 trillion dollars.
-Student loan debt accounted for 3.1 percent of all consumer debt in 2003. Today, it accounts for 9.4 percent of all consumer debt.
Meanwhile, our young adults are still really struggling to find jobs.'
What's causing this is the absence of living wage jobs. Even people with decent educations are finding it harder and harder to find jobs that enable them to establish their own households.
Me too.
I had roommates.
I did not have a car, a phone or TV. The PC had not been invented.
I did not have credit cards and lived within my means.
I lived on canned vegetables and cereal. That some day, people would wait in line for a $5 cup of jazzed up coffee was unimaginable.
I avoided lousy choices. I used my employer's tuition reimbursement program to attend school.
You had a luxury that most low-wage workers can only dream of having.
Maybe for some and depending upon the culture. But even in cultures like Thailand where parents typically live with their children at some point the children leave the nest, unless it's a family farm or something, in which case they either add on to the house or build a separate house.
Like I said nothing wrong with it if you don't mind nesting, lack of privacy or if your parents are willing to tolerate it.
I took care of my parents house and property, ran errands for them and took them grocery shopping until they passed. What does nesting have to do with taking care of your parents? As far as I can tell very little. It is more the parents taking care of adult children. Me? I love my kids, but I was glad when my son went out on his own.
I once worked with a guy who lived with his mother. When he turned 35, he changed the story to his mother lives with him.
You had a luxury that most low-wage workers can only dream of having.
Many of the Fortune 500 continue to provide tuition assistance/ reimbursement.
The big difference today is the army of back office/clerical jobs that once existed have been eliminated by technology.
I started at the bottom, as a runner, delivering stocks and bearer bonds versus payment, on foot and by bike. The mailroom jobs were a higher grade.
Who suspected a 17 year old wearing shorts under her skirt had $1 Million in bearer bonds on her person? What a fabulous opportunity to learn how markets work from the bottom up.
Not making excuses or viewing myself as a victim are two factors that differentiated me from so many who remained in low paying, dead end jobs that were eventually eliminated.
Last edited by middle-aged mom; 02-20-2014 at 05:37 PM..
I never really understood this. I live in one of the most expensive cities in the country putting myself through school while working a crap job, yet I don't live with my parents. Maybe it is because I taught myself very early on to hate spending money.
I hate coming to these threads only because of the "I told you so" factor. Some of us on here have been screaming about this issue and related issues for quite a while now. Some even protested and tried to raise awareness of the issue.
The change is coming. Gonna take some pretty innovative and aggressive entrepreneurs, but when the ball starts rolling hopefully everybody sees each institution or business for what it is.
Some institutions and businesses have been great for our country. Some have robbed us blind.
Many of the Fortune 500 continue to provide tuition assistance/ reimbursement.
The big difference today is the army of back office/clerical jobs that once existed have been eliminated by technology.
I started at the bottom, as a runner, delivering stocks and bearer bonds versus payment, on foot and by bike. The mailroom jobs were a higher grade.
Who suspected a 17 year old wearing shorts under her skirt had $1 Million in bearer bonds on her person? What a fabulous opportunity to learn how markets work from the bottom up.
Not making excuses or viewing myself as a victim are two factors that differentiated me from so many who remained in low paying, dead end jobs that were eventually eliminated.
The vast majority of jobs in this country are provided by employers outside the Fortune 500.
Every kid should have a job by age 14....or the minimum age to legally work. Every. Single. Kid.
??? HowTF is that going to happen when so many low-wage jobs are occupied by adults?
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