I am in my 30’s (single and no children) and I still live at home . I went from helping both my parents through breast cancer (mom), blood clot in lung (dad) , and 2 strokes ( dad) . My father passed away in 2017 and my mom has dad 2 knee surgery which caused kidney failure and congestive heart failure. She is 73 and doing much better . We help each other as I have a chronic illness which causes me to miss work a lot and go through several surgeries. I thank God I am able to still live at home and help my mother . We help each everyone. Everyone’s situation is different, but it’s what you make it . Don’t allow anyone to make you feel bad for doing what works for you .
Thanks for sharing ur experience I was crying I’m 29 anxiois a my friends moved out even when they were single and I’m at my parents I’m the eldest I don’t mind being with my parents but society pressure got really on my nerves
I know a guy that's almost 50 and had to move back in with his mom. he said verbatim "Helping your mom pay off her house note instead of giving money to a landlord who couldn't care less about you is a good thing".
Daddy's little angels usually not only don't pay rent but still receive handouts years after working fulltime in the chosen career, usually in the form of car payments and insurance. I'd be surprised if young people weren't paying into the house if a single parent household as the household is probably broke. A lot of young people also have the attitude of I will never save up 15% (especially when paying rent) for a deposit so why bother. But if they are living at home they should be saving/investing over 50% of their income.
I don't feel coddled at all. I'm 24, struggling to find a good job, and cannot afford rent. I had to move back home when I lost my job during the pandemic. I pay my parents rent and pay my own bills otherwise. There's nothing wrong with staying home building yourself up, instead of being thrown to the wolves and getting into even more debt. The need to throw your kids out of your house just because they're an adult is so weird to me
I moved back in with my parents when I was 24 for a year. I saved some money got some more advice from Dad and headed back to LA with $5k in my pocket. 20 years later have kids of my own and four houses. Doing just fine. I think if you move back home and it's part of a strategy then all good. But if you move back home and stop working or trying then it's something different. Rent is definitely one the worst things you can pay and one of the best things to collect. :)
My parents started giving me the soft nudge to move out when I started working. charging me for internet and then food, etc. I bought a condo when I was 20 and never looked back. Now 36 un married and childless. I will be buying a home CASH$$ and bringing my widowed mother with me like a boss. Without the push out on my own, I probably wouldnt be so good with finances that I am now. Of course the internet helps
Thats great if you’re supporting yourself. Parents dont owe adult children a thing after they start working a full time job. Mooching off your parents so you can “live your best life” is beyond selfish.
Gen Z should not leave with their parents even if they are married. Waste of an asset. It's just a market scamming you to buy more houses and rent. We need to live like as ancestors lived. 'Liberty' can't make you happy.
Nah...you shouldn't be 35 and mooching off your parents! Now if you're a caregiver, that's a different story. . But other than that quit being a bum and make your own way
When I graduated from college with student loans my Mom let me move back in with her and I worked mega overtime at my job, until I was debt free and then I sold my pickup and with the rest of my money was able to pay cash for my little one bedroom starter house and move out. I will always appreciate my Mom for doing that for me.
Says the guy that paid for his kids college, and then gave them jobs on top of that, including Rachel‘s husband I believe? Didn’t think they could make it on their own?
Also says the guy who was handed a career in real estate by his parents and was later bailed out when he bankrupted himself, again by his parents. No shame in dave Ramsey's world
True, Uncle Dave can be contradicted with his beliefs. He was lucky to be born in a upper class or wealthy family. He was stupid enough for bankruptcy, but his family helped him out. He showered his children with college funds while people had to borrow student loans. He gave them great jobs. Not many people can receive those privileges.
Living at home while young and single can be a great financial decision and doesn’t have to mean that you are coddled. But you have to do it right! You need to be contributing to the household finances in some way, household chores, ect… and then the money you save from rent should be used for your debt and your future, not for luxuries. (Disclaimer: I do not live with my parents)
Depends on what you define as young. It can be a good option for a 23 year old, but probably isn't good at 30. I moved out at 23 and am 27 now making more than double what I did at 23 because moving out matured me.
That's what we do in Mexico, it's part of our culture. All left the house until we got married. All my siblings and I contributed to the household, paying bills and groceries, we even helped remodeling my parents' house, new furniture and appliances. Most of us had the money to finance a new house when we left, instead of paying rent. But I also respect your culture here. To each its own! As long as you turn into a responsible adult.
These people are so out of touch. Young adults are living with their parents because they cannot afford to live on their own. What college aged person can afford to pay rent, groceries, gas, insurance phone bill etc. on these jobs that pay $12-15 an hour? And don’t even want to give you full time? Like cmon. yes I understand life sucks for everyone and it’s hard But Dave needs to be realistic.
I can afford to pay it all, but I made myself more valuable than $15 an hour. I got kicked out at 16, probably the best thing that happened to me. The people stuck making $15 an hour deserve to be making $15 an hour. It's that simple.
Assuming the living arrangements aren't toxic, I never understood why anyone should care if "adults" are living with their parents? Who makes these stupid social rules saying things have to be a certain way? Honestly, I'm beginning to think the people who push social norms like this are doing it because they know the adults will need to rent or get a loan for a home. This will keep housing demand strong which will needlessly keep housing prices high. And it would force these adults to take second and third jobs they should not need in a truly functioning society. One thing I know for sure.... the buffoons perpetuating idiotic social norms like this are not benefitting anyone but themselves.
Something I've always noticed between asian and American culture is the relationship between parents and their children. Asian see it as our parents take care of us as children so we return the favor later in life. Its common to see families living together, even "children" in their 40's. I actually find it weird how Americans want their kids out at 18, then they wonder why their kids and grandchildren never visit, or why they get put in an elderly group home.
True but that doesn't mean that you just get to sit around and do nothing. You have to help contribute to the household income so the bills get paid then.
Mexican families are similar to Asians. Parents expect children to live at home until they get married. Even then, it's normal to have three generations under one roof.
As long as the adults aren’t being bums and work full time and working towards a goal and don’t waste their money,build up an emergency fund and help out their parents I don’t see a huge deal.
Dave, there is a huge difference between working towards a goal and living off your parents. staying with my dad to save money while I remodel my house.
You didn't get the point buddy. He is referring to the people who even thou they are working are too scared to face real life issues. Like paying rent, groceries etc. They have become too comfortable in their way of living and don't want to be independent. But again, there are people who are happy to lie to themselves every day.
@@mustasheolll2020 plan your life out for when you wanna settle down. Maybe that looks like saving enough to buy a house, or doing something else with your cdl after you hit a monetary goal (like deliveries, propane, logging, etc.) You don't have to know the reason now, but setting aside money for when you do is a good thing.
Because he’s like my dad, it makes them feel big to belittle others because they’re unhappy for some reason. Instead of focusing on how to help / was to fix things, they just wanna point fingers and call names..
I moved out at 20 because me & GF had a child, & its one of my regrets. Wish i would of just stayed home & saved up to put down on a house. After 9 years of paying rent in apartments, raising a kid, relationship failing, drug/alcohol addictions & living paycheck to paycheck, I’m now deciding to move back in with a parent to save up. I will be paying half of the rent $500 per month so no freebies but this is going to help me out tremendously. Im sacrificing my privacy for awhile to live like no one other like dave would say.
We're not in the 80's. Times have changed. There are people with multiple jobs that can barely exist. Rent costs are insane. Of course they are going to stay at home.
@@dec2567 you don't know that they're not... I live at home right now. I pay my parents a small "rent" and save over half my income, bought my car in cash, but I can also afford some nicer things right now that I won't buy when I do move out. Nothing wrong with that, neither my parents or I are bad people. Stop making such negative assumptions about people you don't know.
Wow 30 and 34 it a big world out there and you are not going to be around forever I hope they are not burdening you I hope they help out with chores and bills if not they will never leave the nest known that mommy and daddy will pay for their living expense they need to grow up sometimes do they work
This idea of kicking kids out of the home when they are 18 is truly an American/Western thing. Most other cultures let their kids live at home until they are married or have to move. Whole generations live in in the home in many cultures. The rest of the world isn’t lazy as a result. What happens is each generation is able to stack cash and start off well on their own.
Yes, but at the same time, other cultures actually teach their kids how to be adults much earlier than western society does. Western society tends to infantilize young people to the point of absurdity.
@@johnfisher8401 I’d tend to disagree with you partially. Young people are more and more often being infantilized in this society and babied for much longer than they were in the past.
In Asian households, you stay with your parents and take on the responsibility of monthly bills once you are on your feet and have a nice job. Dave pushes you to move out to learn this responsibility but it can be accomplished while living with your parents.
I am guessing Dave is not talking to Asian households or other cultures. I am guessing this specific topic's target audience is American households. If this was a video of an Asian man in Asia talking about a common behavior among Asian households in Asia, it would not make sense for an American to write in American households we do this because that speaker is probably not speaking to the American audience.
@@richardballs8618 I did not miss the point. The people who are talking about what other cultures do in their household do not seem to understand the speaker is likely talking to typical American households not Asian households or any other cultures. There is something called a target audience for a significant amount of speakers when they have a message to convey to their audience. If this was an Asian man in Asia on their platform speaking about behavior patterns, it would not make sense for an American to say well in American households we do or do not do this. There is a concept that some of the people do not appear to understand. I do not speak or read slang or unofficial abbreviations so if you are going to communicate with me spell out your words.
@lovetotravel780 even in America living with extended family was a common practice look up Joseph Plump Martin an American Revolutionary and solider during the American Revolution Martin at age 7 years old was sent to live with his wealthy grandparents that kind of extended family was common practice across all countries and cultures including Western countries
@@lovetotravel780this is common in many cultures, which are also represented in the US. Those family values don’t magically disappear as soon as people move to the US. My family is Italian. I’m a 3rd-generation American but it’s still very common to have multi-generational households throughout my extended family. It’s the same way for my ex bf’s Polish family, and my friend’s Mexican family. I don’t live with my parents, but there are a lot of multi-generational households in my current middle-class neighborhood - with white, black, and Asian families. Not just young adults living at home, but 2-3 generations all together.
I still live with my dad and im 25, im saving my money and contributing to house bills and other essentials. Life is different where more than one person can afford for the entire family. I am wanting to leave, but im also trying to be strategic.
@@MoonlightXYZ it would be ok if you take over the mortgage/rent totally -- and then let your dad save his money. Or if you at least pay half of the mortgage/rent. Otherwise, your just using your dad.
It's not always a bad situation, for sure. The issue becomes when one party becomes dependent on the other, which can go either way. If you have an exit strategy and are saving like crazy, I think it's a pretty good idea on paper.
I am in my thirties and my mom and I live together. We both have good jobs and split all the bills down the middle. It’s a mutually beneficial arrangement considering the soaring costs of living and the relative unavailability of housing in our area.
They are talking about people who live with and off their parents not those who are being supportive. Like the lady said stop playing video games and get to work
Dave acts like every kid at home is in basement doing nothing. Why pay for apartment when you can save? If you don't save, you are mooching but none of my kids spent anything on luxuries.
I am 35, been on my own since 26. Moved to Louisville KY, couldnt afford living in NJ (where I grew up). My 30 year old brother is still home, but he works full time, helps my parents, is single. I dont see why he needs to move out. My parents enjoy having him there, he works hard, and does a lot for my parents who are 60 and 65 now and slowing down. I do find it funny though that most countries outside the USA children live all together in the same home with parents, grandparents, aunts, uncles, cousins, etc.
In the Phillipines people live with their family. But I think it's more financially driven. Its easier to make money and afford your own place in the usa.
I lived with my parents until I was 23. All the while I was in college and working, saving up as much money as possible and graduating debt free. Because of that I was able to buy my first house at 23, paid it off at 26. I’m forever grateful for my parents to letting me stay at home during the college years. But if I didn’t live under their rules I would have been out.
Lucky you 😂 my parents didn’t put a dime towards my education. Had to work part time while I was in school all in all while my parents used me as tax return money. I had to pay all loans back within a year after graduated. Thankfully the job I got from my field pays well. All in all, thankful of my parents for doing that, really created growth, but filing me as a dependent was still messed up in a way lol.
_Paid off house at 26? Bs lol 50 year olds are still paying off their mortgage.. You're definitely either in a 2 bedroom 1 bath or you live in a very poor part of town outside of the city._
The end of the multi-generational home transferred a lot of wealth from workers to landlords. Traditionally the parents reared the children, the grandparents helped look after the children, and when the children get older they help take care of the grandparents and parents. It is the natural way of the family unit. In order for the multi-generational home to work everyone has to pull their weight, be it assistance, or money. Kicking out your children forces them to give their money to landlords, and at the same time leaves parents and grandparents without caretakers. Children that are kicked out now probably won't move back in to take care of ailing parents and grandparents. Having worked in Nursing homes I can tell you that is a very bleak future. If you are not there for your children in their working age, they won't be there for you in your old age either.
The 35 year old living in your basement with a collection of chanel bags will probably not have enough money to take care of you im your old age either 😂
I don't agree with you at all!! My mom didn't kick me out. I left myself at 17 because she wanted to cuddle me and I didn't know who I was because she was controlling and did everything for me. I went into the military moved out on my own and would rather eat peanut butter and jelly sandwiches than go to her house to eat. Why because she told me I would fail. That I would come running home to her and I showed her differently. Boy did I and I learned to live within my means. No Gucci bags for me. I had to hustle on my own and if I reverted back to nothing. I would persevere and get back in no time because when you are on your own you have to fall and get back up on your own. Living at home is very very bad for young adults. Now that I am so much better off. I am making plans to have space for my mom to live with me not just my parents but my husband's mom. So even though ai left even though I paid a landlord I am now a home owner with the space to have her live with me if she wants to. I ask her to all the time. In the future she eventually will. I will take care of her not regardless and I couldn't do that if I am being cuddled at home. These young adults need to grow up and go through some stuff it is the only way you grow. I see these generational family children they are incredibly codependent on their parents. This is not healthy.
My dad passed away and my mom only gets a very small amount of social security. ( not enough to live on) We both decided to get a place and split the bills. It’s beneficial to the both of us because we’ve always had a good relationship and can split the rent and utilities. I feel like sometimes people think it’s crazy I’m not married and have kids but honestly that was never a life goal for me. I’d rather save and help my mom. I’ve been working since I was 14 and now 36 with no debt and my life together. It’s all situational. I have plenty of good friends and freedom and that’s all that matters to me.
@gmenifhtwithjami…. There nothing wrong with this support one another is a big thing it family It different when a person living at home as a freeloader
It's people like this old stale hoagie that judged me when I moved into my parents' home as a working adult helping my terminally ill father and contributing to their household swore up and down that I was taking an advantage of my parents and their assets, without knowing what our situation was. During that time, I was able to save money and go back to school for my masters I am now back on my own and doing better than I did before I moved in with them now, DEBT FREE. moving back in with them really helped me.
Looking at current home loan interest rates, rental prices, automobile prices, and stagnant wages, it's hard. Even for those of us who are on our own, it is looking increasingly bleak, discouraging and seemingly impossible to truly get ahead, instead of simply staying afloat. That said, staying home with parents gives young adults a slight advantage in the opportunity to pay off debt, build emergency funds, etc. It's often a once-in-a-lifetime opportunity to get ahead.
@@aolvaar8792 you're a great parent! I think your method is the only shot at getting ahead for children. It's easy to see why many adults are moving back home with their parents.
There's no need to shame people who still live with their parents. WIth today's prices of homes it's getting harder and harder to buy or rent. As long as you're helping out somehow and actively working on improving your income to get your own place it's fine.
Yeah, it used to be a lot easier to move out. I don't think it's necessarily impossible for most 20-somethings to live on their own, but the cost of rent is really high relative to entry-level income and so for people who want to own a home at some point, they have to make a sacrifice somewhere. For many, that means living with roommates, for others, that means living at home. Personally I don't know why Dave is so okay with young people shacking up with random roommates, but not their parents.
I lived at home on and off until I was 33. I moved out when I was 19 to go to college and then move back in when I was 25 for 9 months. I worked full time at Starbucks that entire time and saved 10,000 dollars and then moved back to Oakland, CA, where I had lived previously for 3 years. I then lived in Oakland for another 2 years, then I went to grad school for 3 years and came home during every break. Then I lived with my mom for 2 years, one year with her and one year without her. She died in August of 2021 and I helped her. Then I moved into my own apartment in May of 2022. I'm very happy to have my own apartment now and the only reason I can is because of my mom. My dad helped me for 8 years when I lived in Oakland and then paid my rent of 3 years when I went to grad school. They never charged me rent. I feel very blessed that my parents let me live with them as long as I did. I can no longer live with my dad (my parents got divorced when I was 14) because my step mom hates me, but that's okay because I make enough money to finally live on my own.
I’m 39 and live with my parents. Divorced 2 years ago, 2 young kids, and $140k in debt and alimony at start of divorce. I got a second job, stopped a social life, and focused on kids and finances and my parents. Two and a half years later I’ve paid off that debt aside from some IRS taxes, providing everything my kids needed, and I’m on halfway to my goal of saving $120k for a home, and still having savings left over. Will be paying for a nice trip for my parents when I get there. Life happens but my parents were a great support system, and kept me focused on our goals.
Nope, there's nothing wrong with adult kids living at home, as long as they are working/treating their parents with respect, it's a good opportunity for them to save money and get their own place one day. The majority of people aren't even buying luxury brand clothing, I call BS on that.
I live with my parents, 33 yo, I bring money home working 30/40 hours per week. All that society can demand from me is that I work. All the other stuff (being married and having children, going to live in my own house, etcetera etcetera) are my own goddamn business.
This!!! I am 38 years old and live with my parents and it works for both my parents and me. All that is expected of me is that I work. I’m single and no kids. That’s my business.
I was home til I married at 28. Loved every minute of it lol. Grateful for enormous help my parents are to me. I went to school, was working, paying off debt and also traveled. I want to give that opportunity to my children. As long as one is responsible it is a good thing.
@@th3_crappi3_kill3r no lol. I loved with my parents until I was 25. I graduated during the recession and I could not afford life. I finally moved out but it was tough. $10 a hour with a degree, I was so broke even at 25
I left at 17 loved every moment of it because it helped me become a resilient person. I see the difference in resiliency between my sister and I. I picked myself up she still lives at home with her husband buying the Gucci bags and waiting for my mom and dad to die so that she gets the house. Yeah no I don't think it's good at all. She needed to learn to struggle on her own and now she makes the excuse that everything is expensive and she could move out ever...lol a grown woman making really decent money. She just doesn't want any responsibilities and that is what a lot if these adult children want.
☠️☠️ I like how they assume people who live with their parents don’t pay rent or are actually in the negatives because we have to take care of our parents.
I am almost 26 and live with my parents as I have some mental health disorders that make it difficult to even know if I am awake or dreaming on a daily basis. The difference between my people and your people Mr Dave is my people don't look down upon anyone still living with their parents. They see it as a blessing and a gift, as it is. See the beauty in your own life (if possible) not put down others
This. I had a bad mental break of my own a few months ago that turned my world upside down. Still recovering. Some people live in a fantasy world where they believe that everyone has the same situation, can do the same thing. Everyone has their own timeline.
I currently live with my parents while I'm in full time school (senior) and work part time. I've saved close to 25k cash while paying for my health/car insurance, tuision, and all personal costs while having no car note (payed cash for an old pickup) My wings are spread but i'm not moving out until I secure a professional job after graduation in the name of Jesus!
Mexican son here bout to be 31. I live with my parents, my sister and family live here.. we all contribute, all help each other.. love each other and makes ever day not boring with so many different people lol don’t let anyone tell you it’s a bad thing.. just pull your weight, help out, be responsible
This is more of a cultural thing for me. In my culture, you don't move out. But we don't spend that money on luxury, in fact, my mum budgets the entire household income. It's an incredible move that helps you save so much, and keeps families together.
@@ChinmayMandal999 Thousands of years of invasions and colonialism. Might wanna look up the richest ethnic group in the United States - that should double prove my point.
Children living with parents ain't mean helicopter parents. Not all the time. I moved out at 31 and this was purely strategic. Had separate entry to the house, shared household costs and chores. Today I am a well travelled successful professional who has family, real estate, stocks and choose what I do. I am not wanting to pay my back but send the message to those who are doing this purely out of strategic reasons that there is nothing to be ashamed even if its Dave Ramsey saying so. That said- if this staying with parents is resulting because of over parenting, you better run from home and Dave is 100% correct. Important to ask yourselves why you are with your parents first...
LOL you really think it's wise for me to spend thousands of dollars of rent per month, instead of saving it in my mom's basement? 😂 What happened to saving money, Dave?
@@TioJan01 true. Why they don't show the other side of the story. Young adults who still with their parents but sharing the household expenses and saving up for their future
Most people living with their parents aren't really saving up money for their future though ( I've been guilty of this as well). If your actions have no consequences you will never learn anything.
The more I listen to this guy the more disappointed I am in his advice. An issue like this is highly individualized. Some families don't have a problem with grown children living at home and in the 40s and 50s multi generation households we're not uncommon. I know a state trooper who is living with his parents and is saving a fortune. As long as everyone is ok with it who is he to criticize?
This guy is a walking boomer meme. He says you should eat rice and beans every meal and drive a 1993 Camry on donuts so you can afford to take out a big bank mortgage loan instead of living with your parents. Hmmm..... Anyone born before 1985 HAS NO IDEA what it is like trying to buy a car or get a non-retail job without a degree. I'm sure one of his admins he pays $7.25/hr will read this and chuckle as he deletes my comment.
@@darknessnight1115 It's hard, but doable to be independent. It's not a crime to want to live in your own place. We need to end the damaging message to young adults that they "can't make it" on their own.
As long as the grown daughter or son is pulling their weight and splitting expenses, then yes, all is well. But this is not what this video is about. It's about helicopter parents enabling an unhealthy dependency in young adults.
Harsh advice, I know, but it’s not good for people to remain in their childhood family homes throughout adulthood. It hinders development. But, hey… to each his own.
I'm from the UK so I don't know the situation in the US but I think these two seem a bit unaware of the high cost of living... I mean we all can't be news presenters with our own show. I understand that living away from home gives one a level of responsibility but don't you think it's time we started working smarter and not harder? Staying with parents longer is a privilege in its own right, but staying with parents and working after graduating college is a great way to build financial safety so when you do decide to move out you don't have to struggle. This to me sounds like the smarter option.
I lived at home until I was 24 years old. I graduated college and got a job, the pay was literally awful but I needed the experience. While living at home for about two years I paid off my car in a year(which was my only debt) , saved a lot of money for when the time came for me to move out, and also helped with paying bills at home which also helped my grandma out alot. I moved out earlier this year to a new city making twice as much doing the same thing at my previous job. I can afford to live on my own but i have decided to get a roommate once my lease ends to save for a down payment on a home. So i think the living at home discussion is very subjective.
@@journeytothevoid2899 Agreed, i think it also depends on the parents/family too. If your family coddles you then that’s one thing. However, I was raised by a single mom and didn’t get any hand outs growing up so I literally had to do everything/learn everything on my own so I wanted to make sure I set myself up for success.
Many people have done that, but the point of this video is about the parents or adult children that are not helping or trying to become independent so they can afford their luxury. There's nothing wrong with helping your children become self sufficient.
Bad takes. Bad bad bad. Forcing your kids to rent instead of letting them live with you and save for a home when they're married or pay for school out of pocket is idiotic.
Not all adult children live at home so parents can take care of them so they can spend. I have two sisters. One of them, her daughter lives with her to help out with expenses. The other one has a completely disabled husband. Their son has stayed with them to help with my sister's husbands medical care. So it just depends on the family. You can't generalize and say all young people. Many are there to help out the family in one manner or another.
When paying a mortgage is cheaper than finding a single bedroom apartment to rent out it's kind of hard to blame it just on the kids and parents. The real estate system is broken.
@@cristobalpequeno1156 In 2021 investors were purchasers of a quarter of the year's single family home sales, shelter's being priced as investments rather than necessities.
I'm 25. Live at home. I save around 80% of my take-home pay, and my future wife and I will now be able to put 20% down on a house in the next year. Staying home is worth it if you don't act like a child.
@@15KHPCLUB Not really. His parents would have been paying their own mortgage either way, whether the son was using the extra bedroom or not. It doesn't create any extra bills other than a little extra on utilities (extra water for showers and extra electricity for more lights on). I did the same thing, and now I'm in my own house.
@@1bntcr001 Great. Not really where I'm going with it. My point is if you allow your children to live in your home rent-free so they can save up for a house, you are therefore subsidizing the cost of the house instead of letting your children move out, rent for awhile, save up a down payment for years and get a house later which is what I'm sure the parents did to get their house in the early years.
I lived at home until I was 26. I did do most of the yardwork and was pretty much always working and barley home, all while I started my career. But I did feel spoiled and did buy some stupid stuff...$40k truck, $15k motorcycle. But I paid them off and saved up over $100k before I bought a house and moved out. I truly believe that if I moved out earlier I would still be close to where I'm at today financially, and probably better off mentally. But it's the path I chose.
because of living with my parents rent-free i have been able to pay off all my student loans, car is paid off to, I am completely debt free. i pay for my food essentials and regular small bills and i'm loading up my savings in the meantime for my future home-- no frivolous spending, no lavish vacations...if you do it right there should be no shame, especially in these tough times...
That's an excuse, u can still talk to and be close to your parents without physically living with them. U can still in the same city, call on the phone, visit etc. Most of y'all are just scared to leave the nest and learn what real independence is like. I rather pay bills on my own granting me ADULTHOOD and the respect that comes with it, than to pay bills to my mom and get viewed as a child by her and society. In my mid 20s I moved out and never looked back and been on my own ever since. I'm 30 now and the biggest benefit is my freedom, career growth, success, and respect. I have a house, good job, savings, 401k etc. Nobody respects somebody who's 40 and still living at home, not even the parents. Freedom is PRICELESS. Hiding in mommy's basement for 15 yrs claiming that you're "saving" but yet after all this time still somehow you're broke is loser shit. Dudes are simply scared to get out there and face the world.
@@ajsimmons3288 Not every family functions like in black america stealing money from mother and grandmother but no father. I come from Lebanon and its expected to live with your family until you get married, if you want to party then you should leave because it's disrespectful to your parents. Until you get married you are saving money the entire time and buying property or investing in businesses from the money you work with. P.S 401k and traditional stock market and investment like that is stupid. You should invest in local business. Local business makes money and lets you observe it, 401k and big companies is all insider information and only climbs w inflation, just a form of savings.
I know of several grandparents commenting on grandkids living at home in their 20’s, play video games, not motivated to get jobs or anything else. We know of one, he is very bright, has never held any job, no drivers license, age 25 at home with mom and unhappy step-dad. No college classes or degrees. Baby sat baby sister. Only job experience. Step Dad foresees supporting this adult until he’s 50 or maybe forever and wants him OUT. How do you get a job when you are 25 and your resume is babysitting in your family? In contrast, a young woman in our church in her teens got a job with an equestrian ranch mucking out horse stalls. She became quite strong physically, earned and saved money and after High School, age 18 moved to another state (lives with family) to get the job training she wants. I told her mother, I am not worried about your daughter, anyone who is willing to muck out horse stalls and was a good worker at that humble job…let’s just say she will do whatever is necessary to succeed. She is also a believer due to the wonderful guidance of her parents.
You're presenting a false choice. You can live with your parents as a young adult and still be ambitions. In fact, it's probably the smarter way to go because you can minimize your expenses and maximize your savings. It's called "thinking strategically".
Interesting story. I'm more curious about the first example. What is their point or goal in life the way you described it? Why choose to live this way? Is he addicted to the games and staying at home all the time? Is he taking advantage? I'm no perfect person and do take advantage or easy way out, but that's not a good way to live, there's no legacy, contribution to society, no one will remember him when he passes. If you don't believe in school which is understandable, at least stay educated and up to date. The irony is, you are right, these so called avid videogamers are some of the brightest people there is. That's how it's been in my experiences also I know of gamers who are brilliant but waste their talent and intelligence because they spend time on videogames that offers absolutely nothing to society.
Having been on my own since I was 24 has given me nothing but struggle. I wonder why not training your child about money saving, showing them how to be part of a household and then sending them out equipped is not pushed.
The only thing I can imagine is maybe older generations thought it would be taught in school or all the best financial decisions would just come naturally or be common sense, but unfortunately it is not.
Learn from Dave. I promise with discipline you will make it. You been out there since 24. I am 24 and scared to go out there but I have been saving like crazy
@@unspokentenacity older people are broke too!! The average household income In this country is 70k for the entire home and most aren't even able to save for retirement! Just because people are older doesn't mean they have money! Most people in America are BROKE
You speak of it like its some rare dire situation. Buddy, people move out and have been on their own at 18 years old. Don't kid yourself. You are NOT a victim!
I'm 34 and still living with my mum, I dont care what anyone thinks its my life I'll live how I want to live. Not everyone is at the same stage in life to be successful or owning a house, everybody is different. Spend as much time with your parents as possible because they will pass away one day and wont be there.
My sister in-laws are in their 50’s and 60’s and still live with their parents .. I left home at 19 joined the military got married brought homes … When I get in a room with them it is very clear though I am the same age we are so different.. But it’s their life they seem happy.. But I did hear their mother say she was disappointed my mother never missed a day to tell me how proud she was of me .. ALL Good choose your life make sure you are happy with your choice …
True. What business is it for others to tell you how to live your life? If you are financial and emotional support for your parents, and they love having you with them, then who can say you're a bum? I don't judge, why do they?
I graduated college at 23…moved into my first apartment at 23….ate ramen noodles….paid for grad school….worked 40 plus hours while on grad school…own my own house. This is called adulting now but it is the natural progression for people who grow up.
Im only 13 so i obviously still live with my parents but when im an adult i dont wanna leave here. Ive always had separation issues and homesickness ever since my first sleepover. The only friends houses i dont start crying at because im not home is my friends who are basically family. Even when i have a wife i still wanna live here with my parents. Then again im only 13 turning 14 in a few months so i still got years to decide this but right now i feel like i wont ever move out and if i do it'd move in with friends. When im 18 I'll edit this and update this if i remember. So see yall in 4 or 5 years
Everyone should do what will benefit them the most in the long run. I moved out at 25 and don't regret it AT ALL. I am much closer to my personal goals than if I had left. If parents set stipulations for staying (i.e. working full time, paying off debt, saving, etc.), there shouldn't be a stunt in growth. Don't let people that aren't paying your bills shame you into creating more of them.
You didn't get the point buddy. He is referring to the people that live at home in the thirties and spend every last cent on vacations and restaurants. Basically, going nowhere in life.
@@manuelzenteno6410 Well obviously that's nowhere near the 48% they mention in the study, acting as if this is some huge pandemic. I bet that number is closer to doubled in a lot of Asian countries.
It depends on the situation. If you're freeloading, then yes you should be kicked out. If you're doing something productive during that extended stay and helping out with the house, or yourself/family members have an illness where it's better to be together, then it's fine to stay at home.
I moved home after college and paid off all of my student loans as well as a car while working a nearly minimum wage job in my dream industry which at the time was ridiculously hard to break into. I then saved up enough money for a down payment to buy my first apartment in Manhattan. Sometimes it is very beneficial to live at home for awhile, especially if your parents hold you accountable as an adult.
I worked my part time during college, stayed at home, paid off my student loans, assisted my parents with their mortgage, and saved enough for a down payment to buy my own condo instead of paying a greedy landlord rent. Don't stereotype everyone that lives at home.
Ignore the criticism. Who's to judge how a person lives. Rents are ridiculously high. Living at home means being able to save, possibly for a good down payment on a home in the future.
I have "adopted" a young man I met at church. He is living with me and working a full-time job, making good money and paying off debt very quickly. Nothing wrong with this, folks.
My son's disabled. I'd love Dave to explain how a disabled young man is supposed to be moved out and self sufficient when you have limits on how much he can earn or he loses state health insurance?
I do not know what your son's disability is and the extent of it but if his disability is that significant, I am guessing he is not talking about disabled people. I would guess he is talking about fully functioning able in mind and body adults. I think he is talking about the rule, not the exception.
I lived at my parents home till I was 31 and paid $400 rent and saved over a 100k to put towards my first house and my monthly payment was less then $700 now I’m on my 2nd house which is over 3000 square ft cost over 800k. Living with my parents worked for me because my parents made sure I had goals while living there and my rent money went to the ones I loved instead of taking forever for a down payment on a house when you’re wasting all that extra rent money that can be applied to your future down payment on a house.
I'm 29 and still live with my parents. I'm using extra money to pay off debt and splurge a little if I have a little left after that. I contribute to certain things for them and I also pay rent to them as well. That's the responsibility of living with parents.
I lived with my parents all through college. I tried living in the dorms, hated it. Then life happened, a job didn’t work out, and later the pandemic. This past year, I got on full time where I was temping. I’m saving for a house down payment and hopefully leaving this year. I’m ready.
@@christiantakeyourdadfishin1655 They aren't idiots dude. They are talking about parents who let their kids stay at home at 30yo with no job or let them spend all their money instead of saving it for a downpayment. Once I finished college, my parents said I could stay at home as long as I saved all the money for a downpayment on a house. I had to save up almost 200k. And at 29, I finally moved out. That's good parenting. But most parents these days are too easy on their kids.
Best thing I ever did was moving out and moving 20 hours away. It made me deal with adult problems and grow up way faster than I ever would have otherwise.
Im from europe (scandinavia) and for us to move so far away from parents is really unusuall dont you miss them? I live 10 minutes away with bicycle and most of my friends moved not more than an hour car ride from ther parents i visit my family and sibland every sunday wich I love :)
Of course, but I grew up in the fly over states and wanted to move away. Still make it home for the holidays and important stuff. I would say in general moving more than an easy weekend trip away greatly helps develop the same skills. An hour away probably works as well!
@@BG-qs6ii The fact that you refer to most of the country as "fly over states" tells me all I need to know about you. You probably enjoy smelling your own farts.
We only lived with parents in desperate situations--- when I was medically fragile and separated, when my daughter had brain cancer and neither of us could practically be employed at the time. I love my parents and my in-laws--- they are top quality people who are generous and kind and great parents--- and I will only live with them out of pure, desperate necessity. Independence is worth the price of working our butts off and not having luxury crap.
It’s a lifestyle thing that is driven by social media. I’m 23 and I see my friends trading independence for a lifestyle. For women, it’s the going out to eat, vacations, and designer. For guys, it’s the bmw, mustang, lifted truck, dodge charger, etc. in their parents driveway. If they moved out of their parents house they can no longer have a desirable lifestyle.
tbf 23 is still pretty young. they have plenty have time to move out. its not like they are 30. plus as long as they saving money and have a longterm goal of buying their own house, then thats a good thing
@@maximustrolleus9860 No its NOT. 23 you are a legal adult! Lay off the copium!!!! People keep trying to rationalize this type of behaviour. Its not okay. At all. You have to learn to grow up and move out. 23 is a perfect time to leave the nest.
@@MikeyPaper again that is a bit of an american bias. 18 is an arbitrary number as the ulterior motive was for going to the military. nothing wrong with living at home in your 20s. in fact majority of friends did it and moved out in their late 20s and are incredibly financially successful because of it. theres a big difference between someone playing video games all day and not working or studying vs someone staying at home to save money while they study at college and work part time and saving for a house downpayment. ppl complain about rising tuition costs and student loans all the time. so isnt the smart thing to do is stay at home to save money so that you wont go into student loan debt? you cant generalize. honestly it sounds like a bit of jealousy to me. like if i were to ask you how financially successful are you? what kind of job do you have? do you have any student loans or debt? how big is your house? etc? what would you say?
I bought a sweet new car while living with family and friends. I had my coming to Dave moment when I saw my classmate buy his own house so I stopped partying and saved to buy a house too. I invited all my friends to My House for a big party and spread the gospel of home ownership.
I'm not sure why some people see it as a bad thing to live with your parents. All you need to do is chip in if you are able to. In most cases there are extra rooms anyways. Society of today are weirdos, and funny thing, they think others are weirdos lol
Married and living with parents isn’t practical. The parents often meddle with the marriage. I see this in certain cultures and to me the married couple never really grow. However, if you’re temporarily living with parents then I can understand. Personally, id rather rent but I respect the decision.
Comments basically DO NOT agree with Dave on this one. Being down on those who live with their parents WITHOUT considering the circumstances is insulting. Had to live with parents until I was earning enough to afford a place on my own...even on a lean budget. I then moved back in for an expected job change (which didn't happen). Was looking to get my own place again when my dad's failing health meant I was needed around the house more and more...no point in having my own place. Once my dad passed, my mom couldn't take care of the home on her own. Having my own place doesn't make me more of an adult.
I don't think dave is talking about people like you. Hes talking about the people who are living with their parents and just mooching off them. You staying home to take care of your parents is not what he's talking about here. There are millions of adults living with their parents because it's easy and they don't have to pay rent or pay for food and it's just east because they're parents are paying for them.
Been living w my parents, been saving half my paychecks every month while also paying for my own bills and household bills. Very grateful for my parents. Perhaps this is a cultural thing that somebody would see this a problem
Don’t listen too them build your wealth there jealous there parents kicked them out and wouldn’t allow them to build wealth. Or they stayed home and waisted there money like dummies. I don’t know who made a rule that you have to move out at 18 when we have 1800 a month rent prices out here it’s crazy.
currently living at home at 25. I've paid off all my debt, and am saving for a full house down payment in cash before i move out. With my projected income and calculations i will be just about 27 when i move out and will have a house that i have fully bought, with no mortgage payments. I don't understand why people find it so hard to not spend money, if you set a goal for yourself and strive to reach it, then not splurging comes easy.
are you guys out of touch ? Everything has risen exponentially. Rent has increased by 14% in 2022 and food, gas, and basically everything keeps rising. Kicking your children out to make them feel ''pain'' or turn them into proper adults will backfire. Especially, if they haven't graduated college or have a high enough income. it Probably would result in them being homeless or live in destitute conditions.
Don’t miss the point. The problem isn’t simply living at home when you are 30. Its doing that AND not saving/contributing/working towards a goal of financial independence.
Age is nothing but a number when it comes to living with parents you never know someone’s particular living situation or why they’re living with that person.
It’s situational. I moved out at 28. But when my father passed a year later, I moved back home because I didn’t want my mom to live on her own. I help with the bills for sure. And do the cooking and cleaning. Student loans for a lot of us, we’ve just let go and let God. Pay the bill and call it a day. Especially when you don’t even work in the field you paid for. Just be responsible with your finances and help pay bills.
I’m doing the same thing. Dave still thinks that times are the same as they once were but they’re not. Boomers faired way better economically by a lot of statistics compared to millennials at the same age. Also nearly everyone I know recognizes the same thing and are 23-25+ living at home. It’s very common and dare I say almost necessary. The ones I saw move out early crashed and burned and moved back home anyway. Not trying to discourage those that want to move asap or negate the benefits of being independent but the math is a no brainer IMO.
I’ve never understood why it’s so frowned upon in America for young adults to live with their parents? If you go anywhere else in the world this is not uncommon.
This is a beautiful message. Yes, have faith in your children!!!! Don't insult their intelligence by doing too much for them or by enabling their dependency!
Living at home w your parents can be beneficial if you follow Dave Ramsey advice. It’s the ppl who live at home that don’t pay rent and ask their parents for money that makes it frowned upon.
My wife and I lived with her dad for many years while I finished college and got a better job. He was widowed and refused to down size. The house was to big for him to maintain on his own due to health issues. We moved in with him split the bills down the middle (except the mortgage), my wife/his daughter did all the cooking cleaning and grocery shopping. I took care of the outside of the house. After a few years we wanted to get a place of our own. He wouldn’t have it. He loved us there, wasn’t until after he passed we left for a house of our own.
If your splitting the bills, doing the cooking and cleaning, and maintaining the home that's a totally different situation than what they're alluding to in this call.
I moved out at 23. I moved back in at 29 because my mom is sick and a widow. Her mortgage payment went up tremendously and utilities, food, insurance etc is very expensive. Rent is expensive for me to live in a tiny shoebox without even a washing machine. I’d rather help my mom pay her mortgage and help take care of her. I pay rent but less than before and I get to live in a actual house which I clean and cook. We help eachother. My mom is grateful she has me and I am grateful I have her. Of course I want to have my own home someday and have children and get married. It’s very tough in this economy and he is very out of touch
I understand your situation. I think what he means is that a lot of people are staying at home to avoid the responsibility of being an adult. So instead of people saving and helping family, etc. at home, they’re blowing it on trips and designer stuff. He’s basically saying that some families are making their children even more dependent than independent. I see both sides as I am 28 years old and living on my own. I meet certain men and they live at home. I noticed that they have no sense of responsibility and don’t want to put money towards anything because they are used to being able to save their whole paycheck at home. Not talking about your situation as you are in your early 20s and contributing to your household. I’m just saying that I see both sides. Because living at home isn’t bad in certain situations but it is in others.
I was a commuter student while in nursing school, lived at home all through college to save on room and board and working as a waitress to books, car insurance, and my own personal expenses. I’m incredibly blessed that after scholarships, my parents were able to pay the remaining tuition balance and graduated with no student debt. I unfortunately graduated in 2009 during the Great Recession with my Bachelor’s degree in Nursing and passed my licensure exam 2 months after that. I couldn’t find a job anywhere, hospitals back then outright put on their websites, no new graduates apply. I kept working as a waitress and picked up odd jobs when I could get them. It was so discouraging and I lived at home until I was 24. Finally got a full time job at a hospital, saved for a few months until I was able to move out. As long as the adult children are contributing on some way and saving towards something, I see no problem with them living at home.
I left the nest at 16 yrs old... joined the military at 19 yrs old. Finished my degree at 25 yrs old. Started investing at 22 yrs old... financially retired at 45 yrs old. I was never a "victim" of the generations before. I have perseverance built in me...
America is very different in this regard as opposed to countries I’ve lived in (Brazil, Germany, Peru). I had a girlfriend from Bielefeld who was 28 and lived with her mother. Her sister was 30 and stayed there as well. In Brazil, my girlfriend from Porto Alegre even had her own successful dog grooming business and stayed lived with her mother, father, and sister in Nonoai at the age of 28. All very normal to them. It’s obviously a cultural thing.
It’s different living with parents and you refuse to help or pay a bill and live off your older parents. This is what american children do. The entitled ones
I live with my mother, when my parents divorced the house was transferred to my name. I have a great relationship with my mother and we never have fights over who owns what. She basically lives with me. I'm 30 now and when I have my own family I still expect her to live with me. Everyone has opinions but not all opinions are right for you. If you wanna live at home till 40 do whatever you want.
Lived with my parents till I got married at 35.. was able to help pay their mortgage and make renovations with my income.. I also got my bachelors debt free while working. Even though I was shamed and looked differently for living with my folks because of the assumptions there are with it.. I am glad I did.
I am in my 30’s (single and no children) and I still live at home . I went from helping both my parents through breast cancer (mom), blood clot in lung (dad) , and 2 strokes ( dad) . My father passed away in 2017 and my mom has dad 2 knee surgery which caused kidney failure and congestive heart failure. She is 73 and doing much better . We help each other as I have a chronic illness which causes me to miss work a lot and go through several surgeries. I thank God I am able to still live at home and help my mother . We help each everyone. Everyone’s situation is different, but it’s what you make it . Don’t allow anyone to make you feel bad for doing what works for you .
You are an incredible daughter and woman. Much love!
God bless you I also do the same help out with bills and her needs.
Continue doing what you are doing
Thanks for sharing ur experience I was crying I’m 29 anxiois a my friends moved out even when they were single and I’m at my parents I’m the eldest I don’t mind being with my parents but society pressure got really on my nerves
Agreed!
I know a guy that's almost 50 and had to move back in with his mom. he said verbatim "Helping your mom pay off her house note instead of giving money to a landlord who couldn't care less about you is a good thing".
So what’s next after he helps her pay off the house?
@@reese85 happily ever after? how would I know? I just met the guy on walmart.
@@qtcollect4608 you knew this and you felt the need to share it, so I’ll asked a question
Well he’s right. Why would u make someone else rich when u could help your mom instead?
Especially since he will likely inherit the home after his mother passes
If your living at home and not paying rent, You should be building up your emergency fund as opposed to spending money frivolously.
I agree!
Also agreed. Ideally, you do both!
Daddy's little angels usually not only don't pay rent but still receive handouts years after working fulltime in the chosen career, usually in the form of car payments and insurance.
I'd be surprised if young people weren't paying into the house if a single parent household as the household is probably broke.
A lot of young people also have the attitude of I will never save up 15% (especially when paying rent) for a deposit so why bother. But if they are living at home they should be saving/investing over 50% of their income.
Parents need to charge rent then use it for them when they move out
I would say you should at least pay some rent, in addition to building the EF.
I don't feel coddled at all. I'm 24, struggling to find a good job, and cannot afford rent. I had to move back home when I lost my job during the pandemic. I pay my parents rent and pay my own bills otherwise. There's nothing wrong with staying home building yourself up, instead of being thrown to the wolves and getting into even more debt. The need to throw your kids out of your house just because they're an adult is so weird to me
I think they are referring to the freeloading kids not helping out and buying gucci shoes 😅 nothing wrong with what you are doing
I moved back in with my parents when I was 24 for a year. I saved some money got some more advice from Dad and headed back to LA with $5k in my pocket. 20 years later have kids of my own and four houses. Doing just fine. I think if you move back home and it's part of a strategy then all good. But if you move back home and stop working or trying then it's something different. Rent is definitely one the worst things you can pay and one of the best things to collect. :)
Same here I think it’s weird too.
Same. I’m 31 y/o and I can’t afford a one bedroom 😢
My parents started giving me the soft nudge to move out when I started working. charging me for internet and then food, etc. I bought a condo when I was 20 and never looked back. Now 36 un married and childless. I will be buying a home CASH$$ and bringing my widowed mother with me like a boss. Without the push out on my own, I probably wouldnt be so good with finances that I am now. Of course the internet helps
Don't let anyone shame you. Live your life the best way that fit you. It's your life, not anyone else's.
Exactly these people were just judging
As long as your paying your own way.
Thats great if you’re supporting yourself. Parents dont owe adult children a thing after they start working a full time job. Mooching off your parents so you can “live your best life” is beyond selfish.
Gen Z should not leave with their parents even if they are married. Waste of an asset.
It's just a market scamming you to buy more houses and rent.
We need to live like as ancestors lived. 'Liberty' can't make you happy.
Nah...you shouldn't be 35 and mooching off your parents! Now if you're a caregiver, that's a different story. . But other than that quit being a bum and make your own way
When I graduated from college with student loans my Mom let me move back in with her and I worked mega overtime at my job, until I was debt free and then I sold my pickup and with the rest of my money was able to pay cash for my little one bedroom starter house and move out. I will always appreciate my Mom for doing that for me.
As long as you're trending in the right direction. I do not see a problem with it.
You did good!
That's using your head. Selling your vehicle might have been a little extreme, but you do you.
That's different, you were ambitious.
That’s one of the best gifts a parent can give a child thats adult enough to appreciate it.
Says the guy that paid for his kids college, and then gave them jobs on top of that, including Rachel‘s husband I believe? Didn’t think they could make it on their own?
Also says the guy who was handed a career in real estate by his parents and was later bailed out when he bankrupted himself, again by his parents. No shame in dave Ramsey's world
True, Uncle Dave can be contradicted with his beliefs. He was lucky to be born in a upper class or wealthy family. He was stupid enough for bankruptcy, but his family helped him out. He showered his children with college funds while people had to borrow student loans. He gave them great jobs. Not many people can receive those privileges.
I didn't know that. Class privilege !Wealthy people will never understand people who don't have that privilege.
Never knew that at times Ramsey is so hypocritical I can't even respect him all that much.
Yeah, he coddles his kids
2:00 is a likely description of exactly what happened in his home. So tell me, Dave..
Living at home while young and single can be a great financial decision and doesn’t have to mean that you are coddled. But you have to do it right! You need to be contributing to the household finances in some way, household chores, ect… and then the money you save from rent should be used for your debt and your future, not for luxuries. (Disclaimer: I do not live with my parents)
Depends on what you define as young. It can be a good option for a 23 year old, but probably isn't good at 30. I moved out at 23 and am 27 now making more than double what I did at 23 because moving out matured me.
That's what we do in Mexico, it's part of our culture. All left the house until we got married. All my siblings and I contributed to the household, paying bills and groceries, we even helped remodeling my parents' house, new furniture and appliances. Most of us had the money to finance a new house when we left, instead of paying rent. But I also respect your culture here. To each its own! As long as you turn into a responsible adult.
@@mkirules Exactly. Moving out was the best thing that ever happened to me. It forced me to grow up.
@@mkirules how much did u make at 23 and what do u make now at 27?
I stayed until I was 24 because I had saved enough cash to buy a house.
These people are so out of touch. Young adults are living with their parents because they cannot afford to live on their own. What college aged person can afford to pay rent, groceries, gas, insurance phone bill etc. on these jobs that pay $12-15 an hour? And don’t even want to give you full time? Like cmon. yes I understand life sucks for everyone and it’s hard But Dave needs to be realistic.
I can afford to pay it all, but I made myself more valuable than $15 an hour. I got kicked out at 16, probably the best thing that happened to me. The people stuck making $15 an hour deserve to be making $15 an hour. It's that simple.
@@MrFiremind i guess you failed upwards…
Assuming the living arrangements aren't toxic, I never understood why anyone should care if "adults" are living with their parents? Who makes these stupid social rules saying things have to be a certain way?
Honestly, I'm beginning to think the people who push social norms like this are doing it because they know the adults will need to rent or get a loan for a home. This will keep housing demand strong which will needlessly keep housing prices high. And it would force these adults to take second and third jobs they should not need in a truly functioning society. One thing I know for sure.... the buffoons perpetuating idiotic social norms like this are not benefitting anyone but themselves.
@@henrythegreatamerican8136 preach!
If you're college aged and making minimum wages, you have already failed yourself. Learn some skills and make yourself MORE valuable.
Dave says this but all his kids are working for him
I mean we all knew he was a hypocrite.
@@wewhoareabouttodiesaluteyo9303 Yes, all Americans are.
Right!
lol yeah, I feel like without him they would just have normal jobs like everyone else, struggling to pay off debt.
@amireallythatgrumpy6508 you're such a joy.
Something I've always noticed between asian and American culture is the relationship between parents and their children. Asian see it as our parents take care of us as children so we return the favor later in life. Its common to see families living together, even "children" in their 40's. I actually find it weird how Americans want their kids out at 18, then they wonder why their kids and grandchildren never visit, or why they get put in an elderly group home.
True but that doesn't mean that you just get to sit around and do nothing. You have to help contribute to the household income so the bills get paid then.
BINGO!
You mean European-Americans
Mexican families are similar to Asians. Parents expect children to live at home until they get married. Even then, it's normal to have three generations under one roof.
@Jessica Smith hence the skyrocketing depression rates
As long as the adults aren’t being bums and work full time and working towards a goal and don’t waste their money,build up an emergency fund and help out their parents I don’t see a huge deal.
Apparently they aren’t . They’re splurging on Coach, Tiffany’s and such
@@TheHoriginal not all of them thank God
Yeah but they're not, I know two people that live at home with their parents, one of them WITH their husband.
Yep, I do all of that.*
Thankyou....I appreciate someone seeing it my way and just trying to survive while helping mama while she gives me wisdom b4 she passes
Dave, there is a huge difference between working towards a goal and living off your parents. staying with my dad to save money while I remodel my house.
You didn't get the point buddy. He is referring to the people who even thou they are working are too scared to face real life issues. Like paying rent, groceries etc. They have become too comfortable in their way of living and don't want to be independent. But again, there are people who are happy to lie to themselves every day.
@@mustasheolll2020god bless
It's still leeching.
@@mustasheolll2020 plan your life out for when you wanna settle down. Maybe that looks like saving enough to buy a house, or doing something else with your cdl after you hit a monetary goal (like deliveries, propane, logging, etc.) You don't have to know the reason now, but setting aside money for when you do is a good thing.
@@martinmi5 Not really. Finished the project shortly after that comment and wrote my dad a check. Still have to help him with projects now.
Rather than blaming young people, why not blame greed. Wages have not kept up with the cost of living.
Since the 1980s!!!!!
Because he’s like my dad, it makes them feel big to belittle others because they’re unhappy for some reason. Instead of focusing on how to help / was to fix things, they just wanna point fingers and call names..
Thing is Dave thinks if you work a minimum wage job you need to fix that and get a better job like it's that simple and easy to get a high paying job.
Well the premise of it is that they live at home yet still buy luxury brands and overpriced things as opposed for saving money for living.
@@stephwinant5038 "Instead of focusing on helping" Yea Dave Ramsey has never helped people who were broke and in debt. 😂😂 pathetic.
I moved out at 20 because me & GF had a child, & its one of my regrets. Wish i would of just stayed home & saved up to put down on a house. After 9 years of paying rent in apartments, raising a kid, relationship failing, drug/alcohol addictions & living paycheck to paycheck, I’m now deciding to move back in with a parent to save up. I will be paying half of the rent $500 per month so no freebies but this is going to help me out tremendously. Im sacrificing my privacy for awhile to live like no one other like dave would say.
Good luck to you.
This is totally normal in most cultures. There is no shame.
Consolidating resources will always be better than spread resources.
We're not in the 80's.
Times have changed. There are people with multiple jobs that can barely exist.
Rent costs are insane. Of course they are going to stay at home.
True but you should help your parents and save money. Not buy expensive things and waste money you really don't have.
@@dec2567 you don't know that they're not... I live at home right now. I pay my parents a small "rent" and save over half my income, bought my car in cash, but I can also afford some nicer things right now that I won't buy when I do move out. Nothing wrong with that, neither my parents or I are bad people. Stop making such negative assumptions about people you don't know.
@@droid2D2C3P0 in other words, your using your parents.
@@imveryhungry112 😂😂 omg what is with people thinking they know everything about strangers and their situations?? Grow up lol
Rent prices are absurd!!!
My daughters 30 and 34 still live with me I don't care they could stay as long as they want I will never kick them out from my house
That’s great to hear 😊
I will never bully my son out of living at home. It's up to him.
You should have gotten your daughters married like 20 years ago. What are you doing allowing them to become spinsters.
Wow 30 and 34 it a big world out there and you are not going to be around forever I hope they are not burdening you I hope they help out with chores and bills if not they will never leave the nest known that mommy and daddy will pay for their living expense they need to grow up sometimes do they work
@@mechboltxl4591😂😂
This idea of kicking kids out of the home when they are 18 is truly an American/Western thing.
Most other cultures let their kids live at home until they are married or have to move. Whole generations live in in the home in many cultures.
The rest of the world isn’t lazy as a result.
What happens is each generation is able to stack cash and start off well on their own.
Yes, but at the same time, other cultures actually teach their kids how to be adults much earlier than western society does. Western society tends to infantilize young people to the point of absurdity.
most other cultures finding a job isn't a full time job
@@themusicman669 not true, just more stereotypes and generalizations.
@@johnfisher8401 I’d tend to disagree with you partially. Young people are more and more often being infantilized in this society and babied for much longer than they were in the past.
Exactly, agreed. As long as you're willing to contribute, be responsible, etc.
In Asian households, you stay with your parents and take on the responsibility of monthly bills once you are on your feet and have a nice job. Dave pushes you to move out to learn this responsibility but it can be accomplished while living with your parents.
I am guessing Dave is not talking to Asian households or other cultures. I am guessing this specific topic's target audience is American households. If this was a video of an Asian man in Asia talking about a common behavior among Asian households in Asia, it would not make sense for an American to write in American households we do this because that speaker is probably not speaking to the American audience.
@@lovetotravel780 completely missed the point gj
@@richardballs8618 I did not miss the point. The people who are talking about what other cultures do in their household do not seem to understand the speaker is likely talking to typical American households not Asian households or any other cultures. There is something called a target audience for a significant amount of speakers when they have a message to convey to their audience. If this was an Asian man in Asia on their platform speaking about behavior patterns, it would not make sense for an American to say well in American households we do or do not do this. There is a concept that some of the people do not appear to understand. I do not speak or read slang or unofficial abbreviations so if you are going to communicate with me spell out your words.
@lovetotravel780 even in America living with extended family was a common practice look up Joseph Plump Martin an American Revolutionary and solider during the American Revolution Martin at age 7 years old was sent to live with his wealthy grandparents that kind of extended family was common practice across all countries and cultures including Western countries
@@lovetotravel780this is common in many cultures, which are also represented in the US. Those family values don’t magically disappear as soon as people move to the US. My family is Italian. I’m a 3rd-generation American but it’s still very common to have multi-generational households throughout my extended family. It’s the same way for my ex bf’s Polish family, and my friend’s Mexican family. I don’t live with my parents, but there are a lot of multi-generational households in my current middle-class neighborhood - with white, black, and Asian families. Not just young adults living at home, but 2-3 generations all together.
I still live with my dad and im 25, im saving my money and contributing to house bills and other essentials. Life is different where more than one person can afford for the entire family. I am wanting to leave, but im also trying to be strategic.
Exactly, don’t let ppl shame you into thinking you are wrong.
Don't let them shame you. You aren't doing anything wrong.
@@HEATHERFREE2486 depends on who you are and your situation. Im good, but others are not in the best financial shape.
@@MoonlightXYZ it would be ok if you take over the mortgage/rent totally -- and then let your dad save his money. Or if you at least pay half of the mortgage/rent. Otherwise, your just using your dad.
It's not always a bad situation, for sure. The issue becomes when one party becomes dependent on the other, which can go either way. If you have an exit strategy and are saving like crazy, I think it's a pretty good idea on paper.
I am in my thirties and my mom and I live together. We both have good jobs and split all the bills down the middle. It’s a mutually beneficial arrangement considering the soaring costs of living and the relative unavailability of housing in our area.
Youre her pet bro. She keeps you around so she has somone to come home to.
Many places in the world live with parents and grandparents, but in the US we are looked down on.
Lol.....
They are talking about people who live with and off their parents not those who are being supportive. Like the lady said stop playing video games and get to work
Dave acts like every kid at home is in basement doing nothing. Why pay for apartment when you can save? If you don't save, you are mooching but none of my kids spent anything on luxuries.
Dave is upset young adults are moving back home to wait out the housing situation instead of renting from him
bingo
Dave probably means well, but like most Baby Boomers from his generation are somewhat out of touch with how competitive and expensive things are now.
@@Lanae8199 Dave is the definition of the quintessential out of touch super b00mer.
Waaaa, waaaa, waaaa……
@@briancarlisi2224 Sorry our relatives are getting 1k a month rather than you.
I am 35, been on my own since 26. Moved to Louisville KY, couldnt afford living in NJ (where I grew up). My 30 year old brother is still home, but he works full time, helps my parents, is single. I dont see why he needs to move out. My parents enjoy having him there, he works hard, and does a lot for my parents who are 60 and 65 now and slowing down. I do find it funny though that most countries outside the USA children live all together in the same home with parents, grandparents, aunts, uncles, cousins, etc.
Same as we find it crazy to move out at 17 to 20y/o in US. every country is different though.
In the Phillipines people live with their family. But I think it's more financially driven. Its easier to make money and afford your own place in the usa.
I lived with my parents until I was 23. All the while I was in college and working, saving up as much money as possible and graduating debt free. Because of that I was able to buy my first house at 23, paid it off at 26.
I’m forever grateful for my parents to letting me stay at home during the college years. But if I didn’t live under their rules I would have been out.
Lucky you 😂 my parents didn’t put a dime towards my education. Had to work part time while I was in school all in all while my parents used me as tax return money. I had to pay all loans back within a year after graduated. Thankfully the job I got from my field pays well. All in all, thankful of my parents for doing that, really created growth, but filing me as a dependent was still messed up in a way lol.
_Paid off house at 26? Bs lol 50 year olds are still paying off their mortgage.. You're definitely either in a 2 bedroom 1 bath or you live in a very poor part of town outside of the city._
How much was that house goodness
23 isnt too bad... If you are at home and you are in late 20s or 30s something is seriously wrong with you or ur decisions!
And that how it is supposed to work.
It's called being a family Dave.
Yep.. Dave’s family values are sucky on this issue…
So mooching off your parents while staying at home and not learning how to manage your finances is called "being a family"?
@@xJayhawkFANx no. sharing resources and working together to common goals is practical common sense love..
@@kathypetersen2447 that's not what Dave is talking about here.
@@xJayhawkFANx who cares its their life they will live how they wanna live
The end of the multi-generational home transferred a lot of wealth from workers to landlords. Traditionally the parents reared the children, the grandparents helped look after the children, and when the children get older they help take care of the grandparents and parents. It is the natural way of the family unit. In order for the multi-generational home to work everyone has to pull their weight, be it assistance, or money.
Kicking out your children forces them to give their money to landlords, and at the same time leaves parents and grandparents without caretakers. Children that are kicked out now probably won't move back in to take care of ailing parents and grandparents. Having worked in Nursing homes I can tell you that is a very bleak future.
If you are not there for your children in their working age, they won't be there for you in your old age either.
Based and redpilled
Yeah, Dave is a myopic boomer preaching to the myopic boomer choir. At least they're on the way out.
Thankfully they will get the best of treatment in the old folks home by minorities workers.
The 35 year old living in your basement with a collection of chanel bags will probably not have enough money to take care of you im your old age either 😂
I don't agree with you at all!! My mom didn't kick me out. I left myself at 17 because she wanted to cuddle me and I didn't know who I was because she was controlling and did everything for me. I went into the military moved out on my own and would rather eat peanut butter and jelly sandwiches than go to her house to eat. Why because she told me I would fail. That I would come running home to her and I showed her differently. Boy did I and I learned to live within my means. No Gucci bags for me. I had to hustle on my own and if I reverted back to nothing. I would persevere and get back in no time because when you are on your own you have to fall and get back up on your own. Living at home is very very bad for young adults. Now that I am so much better off. I am making plans to have space for my mom to live with me not just my parents but my husband's mom. So even though ai left even though I paid a landlord I am now a home owner with the space to have her live with me if she wants to. I ask her to all the time. In the future she eventually will. I will take care of her not regardless and I couldn't do that if I am being cuddled at home. These young adults need to grow up and go through some stuff it is the only way you grow. I see these generational family children they are incredibly codependent on their parents. This is not healthy.
My dad passed away and my mom only gets a very small amount of social security. ( not enough to live on) We both decided to get a place and split the bills. It’s beneficial to the both of us because we’ve always had a good relationship and can split the rent and utilities. I feel like sometimes people think it’s crazy I’m not married and have kids but honestly that was never a life goal for me. I’d rather save and help my mom. I’ve been working since I was 14 and now 36 with no debt and my life together. It’s all situational.
I have plenty of good friends and freedom and that’s all that matters to me.
The clues here are split the bills and good relationship.
Welcome to every Indian kids world. It's always a priority and a privilege to take care of our parents first. 🤗
@gmenifhtwithjami…. There nothing wrong with this support one another is a big thing it family
It different when a person living at home as a freeloader
It's people like this old stale hoagie that judged me when I moved into my parents' home as a working adult helping my terminally ill father and contributing to their household swore up and down that I was taking an advantage of my parents and their assets, without knowing what our situation was. During that time, I was able to save money and go back to school for my masters I am now back on my own and doing better than I did before I moved in with them now, DEBT FREE. moving back in with them really helped me.
Looking at current home loan interest rates, rental prices, automobile prices, and stagnant wages, it's hard. Even for those of us who are on our own, it is looking increasingly bleak, discouraging and seemingly impossible to truly get ahead, instead of simply staying afloat.
That said, staying home with parents gives young adults a slight advantage in the opportunity to pay off debt, build emergency funds, etc. It's often a once-in-a-lifetime opportunity to get ahead.
I tell my kids, It's your House, you're on the Title.
Pride of ownership.
Bought it in 2011 for $50K
Imagine the benefit of a FREE home.
@@aolvaar8792 you're a great parent! I think your method is the only shot at getting ahead for children. It's easy to see why many adults are moving back home with their parents.
There's no need to shame people who still live with their parents. WIth today's prices of homes it's getting harder and harder to buy or rent. As long as you're helping out somehow and actively working on improving your income to get your own place it's fine.
Yeah, it used to be a lot easier to move out. I don't think it's necessarily impossible for most 20-somethings to live on their own, but the cost of rent is really high relative to entry-level income and so for people who want to own a home at some point, they have to make a sacrifice somewhere. For many, that means living with roommates, for others, that means living at home.
Personally I don't know why Dave is so okay with young people shacking up with random roommates, but not their parents.
Plenty of people live of their own 🤦🏾♂️
I lived at home on and off until I was 33. I moved out when I was 19 to go to college and then move back in when I was 25 for 9 months. I worked full time at Starbucks that entire time and saved 10,000 dollars and then moved back to Oakland, CA, where I had lived previously for 3 years. I then lived in Oakland for another 2 years, then I went to grad school for 3 years and came home during every break. Then I lived with my mom for 2 years, one year with her and one year without her. She died in August of 2021 and I helped her. Then I moved into my own apartment in May of 2022. I'm very happy to have my own apartment now and the only reason I can is because of my mom. My dad helped me for 8 years when I lived in Oakland and then paid my rent of 3 years when I went to grad school. They never charged me rent. I feel very blessed that my parents let me live with them as long as I did.
I can no longer live with my dad (my parents got divorced when I was 14) because my step mom hates me, but that's okay because I make enough money to finally live on my own.
One thing is living with them and supporting them, financially or as a care giver, another thing is being a parasite.
This.
I’m 39 and live with my parents. Divorced 2 years ago, 2 young kids, and $140k in debt and alimony at start of divorce. I got a second job, stopped a social life, and focused on kids and finances and my parents.
Two and a half years later I’ve paid off that debt aside from some IRS taxes, providing everything my kids needed, and I’m on halfway to my goal of saving $120k for a home, and still having savings left over.
Will be paying for a nice trip for my parents when I get there.
Life happens but my parents were a great support system, and kept me focused on our goals.
Nope, there's nothing wrong with adult kids living at home, as long as they are working/treating their parents with respect, it's a good opportunity for them to save money and get their own place one day. The majority of people aren't even buying luxury brand clothing, I call BS on that.
But the majority ARE staying home playing video games
@@amireallythatgrumpy6508 but what about video game FOMO, what then u gonna be the only person to never play a Playstation
@@thesquad2253 Plenty of people have never played a Playstation, nor have any interest in it.FOMO usually just indicates a lack of perspective.
@@amireallythatgrumpy6508 nothing wrong with video games on your downtime.
@@Cpix38 As long as it's only in your downtime, and not at the expense of your other resonsibilities.
I live with my parents, 33 yo, I bring money home working 30/40 hours per week.
All that society can demand from me is that I work.
All the other stuff (being married and having children, going to live in my own house, etcetera etcetera) are my own goddamn business.
Exactly
This!!! I am 38 years old and live with my parents and it works for both my parents and me. All that is expected of me is that I work. I’m single and no kids. That’s my business.
correct
I was home til I married at 28. Loved every minute of it lol. Grateful for enormous help my parents are to me. I went to school, was working, paying off debt and also traveled. I want to give that opportunity to my children. As long as one is responsible it is a good thing.
No, its coddling and reduces their ability to learn stress.
Yeah, my kids can live with me until they're married as long as they're responsible. People are stupid.
@@th3_crappi3_kill3r no lol. I loved with my parents until I was 25. I graduated during the recession and I could not afford life. I finally moved out but it was tough. $10 a hour with a degree, I was so broke even at 25
@@th3_crappi3_kill3r negative. Multigenerational living is common around the world. I doubt all those millions of adults are coddled and immature
I left at 17 loved every moment of it because it helped me become a resilient person. I see the difference in resiliency between my sister and I. I picked myself up she still lives at home with her husband buying the Gucci bags and waiting for my mom and dad to die so that she gets the house. Yeah no I don't think it's good at all. She needed to learn to struggle on her own and now she makes the excuse that everything is expensive and she could move out ever...lol a grown woman making really decent money. She just doesn't want any responsibilities and that is what a lot if these adult children want.
☠️☠️ I like how they assume people who live with their parents don’t pay rent or are actually in the negatives because we have to take care of our parents.
Exactly they sound ignorant and misinformed
Dave is mad he has people he can’t charge more rent to..
I am almost 26 and live with my parents as I have some mental health disorders that make it difficult to even know if I am awake or dreaming on a daily basis.
The difference between my people and your people Mr Dave is my people don't look down upon anyone still living with their parents. They see it as a blessing and a gift, as it is.
See the beauty in your own life (if possible) not put down others
This. I had a bad mental break of my own a few months ago that turned my world upside down. Still recovering. Some people live in a fantasy world where they believe that everyone has the same situation, can do the same thing. Everyone has their own timeline.
I currently live with my parents while I'm in full time school (senior) and work part time. I've saved close to 25k cash while paying for my health/car insurance, tuision, and all personal costs while having no car note (payed cash for an old pickup) My wings are spread but i'm not moving out until I secure a professional job after graduation in the name of Jesus!
What would your professional job title be?
25k is still far too little
Stay longer
Mexican son here bout to be 31. I live with my parents, my sister and family live here.. we all contribute, all help each other.. love each other and makes ever day not boring with so many different people lol don’t let anyone tell you it’s a bad thing.. just pull your weight, help out, be responsible
This is more of a cultural thing for me. In my culture, you don't move out. But we don't spend that money on luxury, in fact, my mum budgets the entire household income. It's an incredible move that helps you save so much, and keeps families together.
Thats why poor people found in India!!
@@ChinmayMandal999 Thousands of years of invasions and colonialism. Might wanna look up the richest ethnic group in the United States - that should double prove my point.
@@VivekTiwari03 take care of your own home that all...no need to look here and there.
Children living with parents ain't mean helicopter parents. Not all the time. I moved out at 31 and this was purely strategic. Had separate entry to the house, shared household costs and chores. Today I am a well travelled successful professional who has family, real estate, stocks and choose what I do.
I am not wanting to pay my back but send the message to those who are doing this purely out of strategic reasons that there is nothing to be ashamed even if its Dave Ramsey saying so.
That said- if this staying with parents is resulting because of over parenting, you better run from home and Dave is 100% correct.
Important to ask yourselves why you are with your parents first...
LOL you really think it's wise for me to spend thousands of dollars of rent per month, instead of saving it in my mom's basement? 😂 What happened to saving money, Dave?
He is a major landlord and a real estate investor with a bunch of mortgage and RE agent affiliate programs. His bias is showing.
They specifically targeted the group of young adults that focus on luxuries instead of independence
@@TioJan01 true. Why they don't show the other side of the story. Young adults who still with their parents but sharing the household expenses and saving up for their future
If you're married, move out. If you're not, get married. Very good for mental health to be independent and provide for your family
Most people living with their parents aren't really saving up money for their future though ( I've been guilty of this as well). If your actions have no consequences you will never learn anything.
The more I listen to this guy the more disappointed I am in his advice. An issue like this is highly individualized. Some families don't have a problem with grown children living at home and in the 40s and 50s multi generation households we're not uncommon. I know a state trooper who is living with his parents and is saving a fortune. As long as everyone is ok with it who is he to criticize?
This guy is a walking boomer meme. He says you should eat rice and beans every meal and drive a 1993 Camry on donuts so you can afford to take out a big bank mortgage loan instead of living with your parents. Hmmm.....
Anyone born before 1985 HAS NO IDEA what it is like trying to buy a car or get a non-retail job without a degree. I'm sure one of his admins he pays $7.25/hr will read this and chuckle as he deletes my comment.
@@darknessnight1115
It's hard, but doable to be independent.
It's not a crime to want to live in your own place.
We need to end the damaging message to young adults that they "can't make it" on their own.
As long as the grown daughter or son is pulling their weight and splitting expenses, then yes, all is well.
But this is not what this video is about.
It's about helicopter parents enabling an unhealthy dependency in young adults.
Harsh advice, I know, but it’s not good for people to remain in their childhood family homes throughout adulthood. It hinders development. But, hey… to each his own.
I'm from the UK so I don't know the situation in the US but I think these two seem a bit unaware of the high cost of living... I mean we all can't be news presenters with our own show.
I understand that living away from home gives one a level of responsibility but don't you think it's time we started working smarter and not harder? Staying with parents longer is a privilege in its own right, but staying with parents and working after graduating college is a great way to build financial safety so when you do decide to move out you don't have to struggle. This to me sounds like the smarter option.
I also live in the Uk and agree 1000%
I lived at home until I was 24 years old. I graduated college and got a job, the pay was literally awful but I needed the experience. While living at home for about two years I paid off my car in a year(which was my only debt) , saved a lot of money for when the time came for me to move out, and also helped with paying bills at home which also helped my grandma out alot. I moved out earlier this year to a new city making twice as much doing the same thing at my previous job. I can afford to live on my own but i have decided to get a roommate once my lease ends to save for a down payment on a home. So i think the living at home discussion is very subjective.
Exactly, similarly I did the same as you initially. People need to develop skills though. It's a double edge sword
@@journeytothevoid2899 Agreed, i think it also depends on the parents/family too. If your family coddles you then that’s one thing. However, I was raised by a single mom and didn’t get any hand outs growing up so I literally had to do everything/learn everything on my own so I wanted to make sure I set myself up for success.
You are an exception.
@@beckymigdal3140 not a small exception- my story is very similar
Many people have done that, but the point of this video is about the parents or adult children that are not helping or trying to become independent so they can afford their luxury. There's nothing wrong with helping your children become self sufficient.
Bad takes. Bad bad bad. Forcing your kids to rent instead of letting them live with you and save for a home when they're married or pay for school out of pocket is idiotic.
Not all adult children live at home so parents can take care of them so they can spend. I have two sisters. One of them, her daughter lives with her to help out with expenses. The other one has a completely disabled husband. Their son has stayed with them to help with my sister's husbands medical care. So it just depends on the family. You can't generalize and say all young people. Many are there to help out the family in one manner or another.
When paying a mortgage is cheaper than finding a single bedroom apartment to rent out it's kind of hard to blame it just on the kids and parents. The real estate system is broken.
Maybe importing millions of poor people from third world countries wasn’t such a great idea?
@@cristobalpequeno1156 In 2021 investors were purchasers of a quarter of the year's single family home sales, shelter's being priced as investments rather than necessities.
A capitalists dream. While the peasants who don’t own anything think they are superior to other peasants who don’t anything lol.
@@cristobalpequeno1156 or maybe building mostly luxury houses and apartments is the real issue?
I didn't become financially independent until my late 20s. It takes time be live own your own sometimes
I'm 25. Live at home. I save around 80% of my take-home pay, and my future wife and I will now be able to put 20% down on a house in the next year. Staying home is worth it if you don't act like a child.
I agree
“My fiancée” or “my intended”. Thank you for not calling her a “partner”.
Congratulations!
Your parents just bought you and your fiancee that house!
@@15KHPCLUB Not really. His parents would have been paying their own mortgage either way, whether the son was using the extra bedroom or not. It doesn't create any extra bills other than a little extra on utilities (extra water for showers and extra electricity for more lights on). I did the same thing, and now I'm in my own house.
@@1bntcr001 Great. Not really where I'm going with it.
My point is if you allow your children to live in your home rent-free so they can save up for a house, you are therefore subsidizing the cost of the house instead of letting your children move out, rent for awhile, save up a down payment for years and get a house later which is what I'm sure the parents did to get their house in the early years.
I plan on staying with parents until I’m 40. Then buying my house in cash. How many 40 year olds can say their house is paid off.
uh, thanks mom and dad.
Women love that.
I lived at home until I was 26. I did do most of the yardwork and was pretty much always working and barley home, all while I started my career. But I did feel spoiled and did buy some stupid stuff...$40k truck, $15k motorcycle. But I paid them off and saved up over $100k before I bought a house and moved out. I truly believe that if I moved out earlier I would still be close to where I'm at today financially, and probably better off mentally. But it's the path I chose.
because of living with my parents rent-free i have been able to pay off all my student loans, car is paid off to, I am completely debt free. i pay for my food essentials and regular small bills and i'm loading up my savings in the meantime for my future home-- no frivolous spending, no lavish vacations...if you do it right there should be no shame, especially in these tough times...
Still a leech.
Don't think youll ever buy your home buddy
Sorry landlords not getting a dime out of me, im never leaving.
Bro parents are not going to all ways be here . We all going to die one day.
@@ladylove4087 all the more reason to spend the time with them while you have the chance.
That's an excuse, u can still talk to and be close to your parents without physically living with them. U can still in the same city, call on the phone, visit etc. Most of y'all are just scared to leave the nest and learn what real independence is like. I rather pay bills on my own granting me ADULTHOOD and the respect that comes with it, than to pay bills to my mom and get viewed as a child by her and society. In my mid 20s I moved out and never looked back and been on my own ever since. I'm 30 now and the biggest benefit is my freedom, career growth, success, and respect. I have a house, good job, savings, 401k etc. Nobody respects somebody who's 40 and still living at home, not even the parents. Freedom is PRICELESS. Hiding in mommy's basement for 15 yrs claiming that you're "saving" but yet after all this time still somehow you're broke is loser shit. Dudes are simply scared to get out there and face the world.
@@ajsimmons3288 Not every family functions like in black america stealing money from mother and grandmother but no father. I come from Lebanon and its expected to live with your family until you get married, if you want to party then you should leave because it's disrespectful to your parents. Until you get married you are saving money the entire time and buying property or investing in businesses from the money you work with.
P.S 401k and traditional stock market and investment like that is stupid. You should invest in local business. Local business makes money and lets you observe it, 401k and big companies is all insider information and only climbs w inflation, just a form of savings.
@@ladylove4087well then you take over the house
I know of several grandparents commenting on grandkids living at home in their 20’s, play video games, not motivated to get jobs or anything else. We know of one, he is very bright, has never held any job, no drivers license, age 25 at home with mom and unhappy step-dad. No college classes or degrees. Baby sat baby sister. Only job experience. Step Dad foresees supporting this adult until he’s 50 or maybe forever and wants him OUT. How do you get a job when you are 25 and your resume is babysitting in your family?
In contrast, a young woman in our church in her teens got a job with an equestrian ranch mucking out horse stalls. She became quite strong physically, earned and saved money and after High School, age 18 moved to another state (lives with family) to get the job training she wants. I told her mother, I am not worried about your daughter, anyone who is willing to muck out horse stalls and was a good worker at that humble job…let’s just say she will do whatever is necessary to succeed. She is also a believer due to the wonderful guidance of her parents.
You're presenting a false choice. You can live with your parents as a young adult and still be ambitions. In fact, it's probably the smarter way to go because you can minimize your expenses and maximize your savings. It's called "thinking strategically".
Interesting story. I'm more curious about the first example. What is their point or goal in life the way you described it? Why choose to live this way? Is he addicted to the games and staying at home all the time? Is he taking advantage? I'm no perfect person and do take advantage or easy way out, but that's not a good way to live, there's no legacy, contribution to society, no one will remember him when he passes. If you don't believe in school which is understandable, at least stay educated and up to date. The irony is, you are right, these so called avid videogamers are some of the brightest people there is. That's how it's been in my experiences also I know of gamers who are brilliant but waste their talent and intelligence because they spend time on videogames that offers absolutely nothing to society.
>Step Dad
By contrast, did that young woman also have a 'step dad'? Or was she part of a healthy family unit?
Having been on my own since I was 24 has given me nothing but struggle.
I wonder why not training your child about money saving, showing them how to be part of a household and then sending them out equipped is not pushed.
The only thing I can imagine is maybe older generations thought it would be taught in school or all the best financial decisions would just come naturally or be common sense, but unfortunately it is not.
Learn from Dave. I promise with discipline you will make it. You been out there since 24. I am 24 and scared to go out there but I have been saving like crazy
@@unspokentenacity older people are broke too!! The average household income In this country is 70k for the entire home and most aren't even able to save for retirement! Just because people are older doesn't mean they have money! Most people in America are BROKE
You speak of it like its some rare dire situation. Buddy, people move out and have been on their own at 18 years old. Don't kid yourself. You are NOT a victim!
Cause the majority of the parents are in debt and living to "keep up with the Jones'"
I'm 34 and still living with my mum, I dont care what anyone thinks its my life I'll live how I want to live. Not everyone is at the same stage in life to be successful or owning a house, everybody is different.
Spend as much time with your parents as possible because they will pass away one day and wont be there.
But do you know how to cook and clean and budget your money or your mom is doing all that for you?
@@annacastillo1663 Im doing that yea but people shouldnt be judging by age.
My sister in-laws are in their 50’s and 60’s and still live with their parents .. I left home at 19 joined the military got married brought homes … When I get in a room with them it is very clear though I am the same age we are so different.. But it’s their life they seem happy.. But I did hear their mother say she was disappointed my mother never missed a day to tell me how proud she was of me .. ALL Good choose your life make sure you are happy with your choice …
True. What business is it for others to tell you how to live your life? If you are financial and emotional support for your parents, and they love having you with them, then who can say you're a bum? I don't judge, why do they?
@@artenthusiast-d4w I Agree .. but people will always judge … life is short just do you. ..ignore they chatter .. ❤
I graduated college at 23…moved into my first apartment at 23….ate ramen noodles….paid for grad school….worked 40 plus hours while on grad school…own my own house. This is called adulting now but it is the natural progression for people who grow up.
Im only 13 so i obviously still live with my parents but when im an adult i dont wanna leave here. Ive always had separation issues and homesickness ever since my first sleepover. The only friends houses i dont start crying at because im not home is my friends who are basically family. Even when i have a wife i still wanna live here with my parents. Then again im only 13 turning 14 in a few months so i still got years to decide this but right now i feel like i wont ever move out and if i do it'd move in with friends.
When im 18 I'll edit this and update this if i remember. So see yall in 4 or 5 years
Everyone should do what will benefit them the most in the long run. I moved out at 25 and don't regret it AT ALL. I am much closer to my personal goals than if I had left. If parents set stipulations for staying (i.e. working full time, paying off debt, saving, etc.), there shouldn't be a stunt in growth. Don't let people that aren't paying your bills shame you into creating more of them.
Living with parents throughout your adult life is a good sign. Two words: Saving Money.
You didn't get the point buddy. He is referring to the people that live at home in the thirties and spend every last cent on vacations and restaurants. Basically, going nowhere in life.
@@manuelzenteno6410 whatever
@@manuelzenteno6410 Well obviously that's nowhere near the 48% they mention in the study, acting as if this is some huge pandemic. I bet that number is closer to doubled in a lot of Asian countries.
It depends on the situation. If you're freeloading, then yes you should be kicked out. If you're doing something productive during that extended stay and helping out with the house, or yourself/family members have an illness where it's better to be together, then it's fine to stay at home.
I moved home after college and paid off all of my student loans as well as a car while working a nearly minimum wage job in my dream industry which at the time was ridiculously hard to break into. I then saved up enough money for a down payment to buy my first apartment in Manhattan. Sometimes it is very beneficial to live at home for awhile, especially if your parents hold you accountable as an adult.
I worked my part time during college, stayed at home, paid off my student loans, assisted my parents with their mortgage, and saved enough for a down payment to buy my own condo instead of paying a greedy landlord rent. Don't stereotype everyone that lives at home.
Ignore the criticism. Who's to judge how a person lives. Rents are ridiculously high. Living at home means being able to save, possibly for a good down payment on a home in the future.
I have "adopted" a young man I met at church. He is living with me and working a full-time job, making good money and paying off debt very quickly. Nothing wrong with this, folks.
My son's disabled. I'd love Dave to explain how a disabled young man is supposed to be moved out and self sufficient when you have limits on how much he can earn or he loses state health insurance?
I do not know what your son's disability is and the extent of it but if his disability is that significant, I am guessing he is not talking about disabled people. I would guess he is talking about fully functioning able in mind and body adults. I think he is talking about the rule, not the exception.
I lived at my parents home till I was 31 and paid $400 rent and saved over a 100k to put towards my first house and my monthly payment was less then $700 now I’m on my 2nd house which is over 3000 square ft cost over 800k. Living with my parents worked for me because my parents made sure I had goals while living there and my rent money went to the ones I loved instead of taking forever for a down payment on a house when you’re wasting all that extra rent money that can be applied to your future down payment on a house.
I'm 29 and still live with my parents. I'm using extra money to pay off debt and splurge a little if I have a little left after that. I contribute to certain things for them and I also pay rent to them as well. That's the responsibility of living with parents.
I lived with my parents all through college. I tried living in the dorms, hated it. Then life happened, a job didn’t work out, and later the pandemic. This past year, I got on full time where I was temping. I’m saving for a house down payment and hopefully leaving this year. I’m ready.
Do you, set yourself up for life. Don’t listen to these idiots.
@@christiantakeyourdadfishin1655 They aren't idiots dude. They are talking about parents who let their kids stay at home at 30yo with no job or let them spend all their money instead of saving it for a downpayment. Once I finished college, my parents said I could stay at home as long as I saved all the money for a downpayment on a house. I had to save up almost 200k. And at 29, I finally moved out. That's good parenting. But most parents these days are too easy on their kids.
@@1bntcr001 thats the problem, this generation is super soft and kids don’t wanna work. They feel entitled.
@@Yaahboi52 But children are a reflection of their parents.
@@1bntcr001 not always
Bro Im 23 and live at home with my mom.... I have no debt... I can't afford rent. this is incredibly out of touch
Continue doing what you are doing. Help with the bills and save as much as you.
Best thing I ever did was moving out and moving 20 hours away. It made me deal with adult problems and grow up way faster than I ever would have otherwise.
Im from europe (scandinavia) and for us to move so far away from parents is really unusuall dont you miss them?
I live 10 minutes away with bicycle and most of my friends moved not more than an hour car ride from ther parents i visit my family and sibland every sunday wich I love :)
Of course, but I grew up in the fly over states and wanted to move away. Still make it home for the holidays and important stuff. I would say in general moving more than an easy weekend trip away greatly helps develop the same skills. An hour away probably works as well!
@@BG-qs6ii The fact that you refer to most of the country as "fly over states" tells me all I need to know about you. You probably enjoy smelling your own farts.
@@letsbefreeletsbefree7183 The US has a "frontier mentality" for many people. Young people tend to strike out on their own to pursue their fortune.
Amen
We only lived with parents in desperate situations--- when I was medically fragile and separated, when my daughter had brain cancer and neither of us could practically be employed at the time. I love my parents and my in-laws--- they are top quality people who are generous and kind and great parents--- and I will only live with them out of pure, desperate necessity. Independence is worth the price of working our butts off and not having luxury crap.
It’s a lifestyle thing that is driven by social media. I’m 23 and I see my friends trading independence for a lifestyle. For women, it’s the going out to eat, vacations, and designer. For guys, it’s the bmw, mustang, lifted truck, dodge charger, etc. in their parents driveway. If they moved out of their parents house they can no longer have a desirable lifestyle.
tbf 23 is still pretty young. they have plenty have time to move out. its not like they are 30. plus as long as they saving money and have a longterm goal of buying their own house, then thats a good thing
@@maximustrolleus9860 No its NOT. 23 you are a legal adult! Lay off the copium!!!!
People keep trying to rationalize this type of behaviour. Its not okay. At all. You have to learn to grow up and move out. 23 is a perfect time to leave the nest.
@@MikeyPaper why move out when you can inherit the house?
@@MikeyPaper again that is a bit of an american bias. 18 is an arbitrary number as the ulterior motive was for going to the military. nothing wrong with living at home in your 20s. in fact majority of friends did it and moved out in their late 20s and are incredibly financially successful because of it. theres a big difference between someone playing video games all day and not working or studying vs someone staying at home to save money while they study at college and work part time and saving for a house downpayment. ppl complain about rising tuition costs and student loans all the time. so isnt the smart thing to do is stay at home to save money so that you wont go into student loan debt? you cant generalize. honestly it sounds like a bit of jealousy to me.
like if i were to ask you how financially successful are you? what kind of job do you have? do you have any student loans or debt? how big is your house? etc? what would you say?
I bought a sweet new car while living with family and friends. I had my coming to Dave moment when I saw my classmate buy his own house so I stopped partying and saved to buy a house too. I invited all my friends to My House for a big party and spread the gospel of home ownership.
Finally someone who can match Dave’s energy. I love her ❤
I was thinking the same thing…she’s great!!
Me too she sounds so much like him.
Yeah she's awesome! I've been enjoying this duo!
Seriously!
Muppet
I'm married and live with my parents. It honestly works out as long as your improving and living your own life.
What about privacy.
@@El_Wache depends on who you marry I suppose my parents house is pretty separate so it works out.
I'm not sure why some people see it as a bad thing to live with your parents. All you need to do is chip in if you are able to. In most cases there are extra rooms anyways. Society of today are weirdos, and funny thing, they think others are weirdos lol
Married and living with parents isn’t practical. The parents often meddle with the marriage. I see this in certain cultures and to me the married couple never really grow.
However, if you’re temporarily living with parents then I can understand. Personally, id rather rent but I respect the decision.
My dad did this in his first marriage. Meddlesome parents destroyed that relationship.
Comments basically DO NOT agree with Dave on this one. Being down on those who live with their parents WITHOUT considering the circumstances is insulting. Had to live with parents until I was earning enough to afford a place on my own...even on a lean budget. I then moved back in for an expected job change (which didn't happen). Was looking to get my own place again when my dad's failing health meant I was needed around the house more and more...no point in having my own place. Once my dad passed, my mom couldn't take care of the home on her own. Having my own place doesn't make me more of an adult.
This makes me feel better, I am 32 and haven’t moved out yet but I pay the bills and help with the family business.
I don't think dave is talking about people like you. Hes talking about the people who are living with their parents and just mooching off them. You staying home to take care of your parents is not what he's talking about here. There are millions of adults living with their parents because it's easy and they don't have to pay rent or pay for food and it's just east because they're parents are paying for them.
Been living w my parents, been saving half my paychecks every month while also paying for my own bills and household bills. Very grateful for my parents. Perhaps this is a cultural thing that somebody would see this a problem
I make almost $200K and live with my parents. Getting rich feels good. 😎
Women love that.
Seems like a totally legit comment from someone named “ramrod”
Get out of your parents house! They deserve to have their lives back! You are taking advantage of them! Geez!!
Trading integrity and responsibility for money…..that’s good!
Don’t listen too them build your wealth there jealous there parents kicked them out and wouldn’t allow them to build wealth. Or they stayed home and waisted there money like dummies.
I don’t know who made a rule that you have to move out at 18 when we have 1800 a month rent prices out here it’s crazy.
currently living at home at 25. I've paid off all my debt, and am saving for a full house down payment in cash before i move out. With my projected income and calculations i will be just about 27 when i move out and will have a house that i have fully bought, with no mortgage payments.
I don't understand why people find it so hard to not spend money, if you set a goal for yourself and strive to reach it, then not splurging comes easy.
Congratulations man. That is a huge accomplishment.
I lived with my parents until I got married, but I helped around the house did my own thing, worked went to school and was self responsible.
are you guys out of touch ? Everything has risen exponentially. Rent has increased by 14% in 2022 and food, gas, and basically everything keeps rising. Kicking your children out to make them feel ''pain'' or turn them into proper adults will backfire. Especially, if they haven't graduated college or have a high enough income. it Probably would result in them being homeless or live in destitute conditions.
Also salaries have barely increased, yes, guys like Dave are out touch.
Don’t miss the point. The problem isn’t simply living at home when you are 30. Its doing that AND not saving/contributing/working towards a goal of financial independence.
Age is nothing but a number when it comes to living with parents you never know someone’s particular living situation or why they’re living with that person.
Exactly
It’s situational. I moved out at 28. But when my father passed a year later, I moved back home because I didn’t want my mom to live on her own. I help with the bills for sure. And do the cooking and cleaning. Student loans for a lot of us, we’ve just let go and let God. Pay the bill and call it a day. Especially when you don’t even work in the field you paid for. Just be responsible with your finances and help pay bills.
I'm 29, moved back home and just paid off all my student loans. Now I'm saving up for a down payment and my parents are on board with my plan.
Great job. 👍
I’m doing the same thing. Dave still thinks that times are the same as they once were but they’re not. Boomers faired way better economically by a lot of statistics compared to millennials at the same age. Also nearly everyone I know recognizes the same thing and are 23-25+ living at home. It’s very common and dare I say almost necessary. The ones I saw move out early crashed and burned and moved back home anyway. Not trying to discourage those that want to move asap or negate the benefits of being independent but the math is a no brainer IMO.
My CU is $0 down and no PMI
I’ve never understood why it’s so frowned upon in America for young adults to live with their parents? If you go anywhere else in the world this is not uncommon.
@@terence.jwe talking bout 20s bro
There is nothing more out of touch than two wealthy people preaching that impoverished people are living wrong.
This is a beautiful message.
Yes, have faith in your children!!!!
Don't insult their intelligence by doing too much for them or by enabling their dependency!
Living at home w your parents can be beneficial if you follow Dave Ramsey advice. It’s the ppl who live at home that don’t pay rent and ask their parents for money that makes it frowned upon.
Well I living with my Mother, but I have a job and she also has a job. So we both help each other economically, and I buy my own stuff too.
My wife and I lived with her dad for many years while I finished college and got a better job. He was widowed and refused to down size. The house was to big for him to maintain on his own due to health issues. We moved in with him split the bills down the middle (except the mortgage), my wife/his daughter did all the cooking cleaning and grocery shopping. I took care of the outside of the house. After a few years we wanted to get a place of our own. He wouldn’t have it. He loved us there, wasn’t until after he passed we left for a house of our own.
If your splitting the bills, doing the cooking and cleaning, and maintaining the home that's a totally different situation than what they're alluding to in this call.
@@imveryhungry112 honestly didn’t even watch the video
@@dinospumoni8860 lol
You guys treated him very well and that is an awesome system you guys camme. Up with
I moved out at 23. I moved back in at 29 because my mom is sick and a widow. Her mortgage payment went up tremendously and utilities, food, insurance etc is very expensive. Rent is expensive for me to live in a tiny shoebox without even a washing machine. I’d rather help my mom pay her mortgage and help take care of her. I pay rent but less than before and I get to live in a actual house which I clean and cook. We help eachother. My mom is grateful she has me and I am grateful I have her. Of course I want to have my own home someday and have children and get married. It’s very tough in this economy and he is very out of touch
I understand your situation. I think what he means is that a lot of people are staying at home to avoid the responsibility of being an adult. So instead of people saving and helping family, etc. at home, they’re blowing it on trips and designer stuff. He’s basically saying that some families are making their children even more dependent than independent. I see both sides as I am 28 years old and living on my own. I meet certain men and they live at home. I noticed that they have no sense of responsibility and don’t want to put money towards anything because they are used to being able to save their whole paycheck at home. Not talking about your situation as you are in your early 20s and contributing to your household. I’m just saying that I see both sides. Because living at home isn’t bad in certain situations but it is in others.
Your situation is different, God bless you and your mom
@@annacastillo1663 thank you ❤️
I was a commuter student while in nursing school, lived at home all through college to save on room and board and working as a waitress to books, car insurance, and my own personal expenses. I’m incredibly blessed that after scholarships, my parents were able to pay the remaining tuition balance and graduated with no student debt.
I unfortunately graduated in 2009 during the Great Recession with my Bachelor’s degree in Nursing and passed my licensure exam 2 months after that. I couldn’t find a job anywhere, hospitals back then outright put on their websites, no new graduates apply. I kept working as a waitress and picked up odd jobs when I could get them. It was so discouraging and I lived at home until I was 24. Finally got a full time job at a hospital, saved for a few months until I was able to move out.
As long as the adult children are contributing on some way and saving towards something, I see no problem with them living at home.
Living at home is fine if your still in your 20s and working and saving
I left the nest at 16 yrs old... joined the military at 19 yrs old. Finished my degree at 25 yrs old. Started investing at 22 yrs old... financially retired at 45 yrs old. I was never a "victim" of the generations before. I have perseverance built in me...
America is very different in this regard as opposed to countries I’ve lived in (Brazil, Germany, Peru). I had a girlfriend from Bielefeld who was 28 and lived with her mother. Her sister was 30 and stayed there as well. In Brazil, my girlfriend from Porto Alegre even had her own successful dog grooming business and stayed lived with her mother, father, and sister in Nonoai at the age of 28. All very normal to them. It’s obviously a cultural thing.
I agree. My family is Jamaican/Caribbean and does the same thing
It is and it puts young people behind financially given most of them are in student loan debt or underemployed.
It’s different living with parents and you refuse to help or pay a bill and live off your older parents. This is what american children do. The entitled ones
Don’t let these landlords guilt trip you for not willingly playing into their game. They have everything to lose not you.
I live with my mother, when my parents divorced the house was transferred to my name. I have a great relationship with my mother and we never have fights over who owns what. She basically lives with me. I'm 30 now and when I have my own family I still expect her to live with me.
Everyone has opinions but not all opinions are right for you. If you wanna live at home till 40 do whatever you want.
Lived with my parents till I got married at 35.. was able to help pay their mortgage and make renovations with my income.. I also got my bachelors debt free while working. Even though I was shamed and looked differently for living with my folks because of the assumptions there are with it.. I am glad I did.