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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.
I think nesters were breast fed too long. They simply can't live without the breast milk. LOL I Know a guy in his thirties making 70G a year and he can't leave. His excuse????? LOL They need me to take care of them.LOLOLOLOL
I think nesters were breast fed too long. They simply can't live without the breast milk. LOL I Know a guy in his thirties making 70G a year and he can't leave. His excuse????? LOL They need me to take care of them.LOLOLOLOL
You don't know elderly people who need help - financial or otherwise? Go take a pop into the caregiver's forum.
Increased efficiency and lower prices for goods is better for our economy than "buying American" at higher cost.
The point is that we don't buy American so we don't manufacture in America. We're into cheap and disposable because we want new all the time. We did this to ourselves.
Side question: What's wrong with living in a multi generational household? Seems to me it would offer a lot of efficiencies.
I have a brother who lived with dad until he was in his 30's and then dad lived with him (my brother paid cash for a very nice house and dad came to live with him). My brother is set for life because of all the money he saved during those years and dad had companionship and financial help.
I have an aunt and uncle who lived with my grandmother. They were set for life from an early age because of all the money they saved.
I'm encouraging my kids to live at home and go to school locally. Having a free place to stay will really cut down on the amount of student loans they have to take out. I don't care if they stay a few years beyond that either. In fact, I'm ok if they don't want to leave at all as long as we transition to them paying the bills at some point. I'm really not looking forward to living alone. I like having family around.
30 year old living with parents in their 50's who are still working?
I'm 26 - and at 22 when I graduated from college, my parents were already in a bad financial place in their early 50s. While they've made a lot of bad financial decisions and done a lot to alienate my brother and I in the past few years to the point where we are now unwilling to help, both of us looked for jobs local to my parents so we could live at home and help them pay their mortgage while saving up money for our own downpayments.
Anecdotally, many of my college friends' parents lost their jobs in 2008 and have not found another one that paid anywhere close to what they were previously making because they are in their 50s and 60s. My mom is 55 with a master's degree and makes a little more than 20K, for instance. Up until recently, half of her take-home income went to medical bills, leaving my parents with about $10K a year to pay the mortgage (McMansion in the Atlanta suburbs - no one is buying), pay utilities, and eat.
You don't know everyone's situations. Very few of my friends and none of my coworkers know my parents' actual situation. I don't want to tell people that my dad has been unemployed for 10 years due to physical and mental illness, so as far as they know, he's a consultant.
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.
One reason. Not the only reason. Some people are just not motivated.
??? HowTF is that going to happen when so many low-wage jobs are occupied by adults?
The tried and true, old fashioned way. Mow the neighbors yard. Shovel snow. Babysit kids. Etc. Etc. Etc.
Maybe that's the problem. People no longer even remember what it means to do basic, menial work as teenagers and it results in a bunch of lazy adults.
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29 Percent Of All U.S. Adults Under The Age Of 35 Are Living With Their Parents
