Do 52% Of Millennials Really Live With Their Parents?
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- Опубликовано: 15 сен 2024
- The number of young adults living at home crested at 52% in July 2020, the highest number ever recorded (the former high was around 48%, following the Great Depression-yes, the 1930s).
Understandably, this figure rocked the internet-and spawned a deluge of articles in the years since hypothesizing about the why and how.
And while things have since “normalized” back to a level of around 47%, that figure is still-historically-high, and deserves a closer look.
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Im a 35 yr old single dad that lives with his mom. She is retired and lives off of social security. She helps me with my daughter getting her to school because I have to leave much earlier than even the early drop off time at school. I help my mom by paying her some money. Buying groceries, doing all the handy stuff around the house. It makes life easier for both of us and it allowes me to save money for whatever. I dont care who judges me. Thus life is much better than being house poor just to say I live on my own. If housing was more affordable I would have purchased a home already
I am 32 yr old, single and no kids. It's really hard to keep up with rent when you are single and I can't imagine having a child that has needs too. I live with my mother too. Before my father passed away he did really well and paid off all mortgage on the properties he owned. My mother never had to work since the rental income she collected was sufficient to pay the bills. I am very fortunate I had the cash to pay for my school but it was tough getting a decent job that pays a livable wage for singles. I still help around the house and help pay for large expenses for the home when they occur.
Definitely No 3. Imagine trusting social media.
Thank you for this.
In looking at the chart only, I would conclude that the % now is not necessarily out of the norm based on the earlier data. As an aside, the 1940 census data was before the US entry into WWII. I would ask and more interested in why was there the dramatic decrease in 1950 and 1960? That seems more out of the norm to me based on the chart data. Was this due to smaller family sizes, movement from farms to factories, returning service people finding factory work away from parent's home, etc? Then the steady rise after that could be explained by the increasing percent attending post-secondary schools. That is the case in my own experience with 2 of 3 young adults remaining at home to save money with college costs.
I can’t find a job paying a livable wage.
Day a person begins to become an adult is the day they move out of their parents home .
The cost of housing has far outstripped the average income. Young people are the bottom so they get paid even less. It only makes sense given the cost of basic goods incease since 2008. It just got worse.
They should move into an EV RV trailer or buy a Futuro UFO house or get a Sinclair C5.
My state (Hawaii) won't allow this type of living but I have actually considered it. It would feel like Star Wars or being a modern gypsy.