36% of my generation live with their parents

[Dave]

http://news.yahoo.com/share-young-adult ... 59016.html



I mean I guess the economy is to blame but damn. Is my generation just done trying?

I'm guessing this explains a lot of frivolous spending I see by people my age. Spending that made me go "damn, maybe fry cooks make more than I thought..".

Guess it's easy to buy iPhones and expensive flip flops when there are no livig expenses to worry about.

[sleewell]

yeah i dont get that shit at all. moved out at 18 and have never been back. worked some shitty jobs and as much OT as i could get. lived in crappy houses with 4-6 other people so our rent was super cheap, had a blast. didnt have a cell phone till i was 23 and didnt have a car till i was 22. rode my bike and took the bus in the winter.

i guess as a parent i would take my adult kid in if it was an emergency but it would def not be a cake walk and they better be taking steps to get back on their own, no sweet gear purchases or sleeping all day.


it is sad that it seems work ethics and spending habits are so far removed from reality these days, entitlement is running rampant with people my age.

[ovid9]

http://news.yahoo.com/share-young-adults-living-parents-hits-four-decade-231359016.html



I mean I guess the economy is to blame but damn. Is my generation just done trying?

I'm guessing this explains a lot of frivolous spending I see by people my age. Spending that made me go "damn, maybe fry cooks make more than I thought..".

Guess it's easy to buy iPhones and expensive flip flops when there are no livig expenses to worry about.

Yup.

And its easy to cast blame, "Oh, you can buy all that shit, but why don't you get your own place?"

Well, most people have been spoiled. If getting your own place means, you have no cable, no phone, no internet, no nice things, OR mommy and daddy will let you crash at home...well, I'm not saying that's the right choice, but damn its the more attractive one to most people.

Living in shitty housing having nothing nice sucks, but I'm sure as hell glad I did it rather than live at home. The 3 months I did before I got married the second time (lease was up, we didn't have the house yet) was hell. Not cause my parents are hard to live with, we get along great, I just was so used to doing whatever whenever, I felt like an intruder and it was just awkward.

Of course, I'm a few years older than you dave and anywhere from 2-15 years older than most of that demo. I didn't grow up having a cell phone, much less a smart phone. We never had cable, we did have the internet from early on, but I didn't have lots of the gadgets people are used to now. Going from having that crap to not having it....that'd be a rough transition for lots of folks. Even if it might be the healthiest one.

I love hearing how "the economy is improving" when I see very little evidence of it in most people I know's lives. Apparently the rich doing ok means everyone is doing better?

edit- I also don't quite get the parents in these cases. I can get helping your kid out for a few months or whatever, but at a certain point it becomes a situation of enabling to a degree. "You can live here fine, but rent is going to be $x." X being cheaper than their own place, but enough to actually make them think about finances. IDK, easy for me to say I guess. I've tried charging the cats rent and they just shed more.

[Lloyd Blankfein]

Kids were told their whole life by every responsible adult alive that going to college was a guaranteed way to land a great job, right out of college.

So they went, it flopped, they're like fuck it, play xbox and rip the bong.


feelsgoodman.





Does anyone remember what the starting salaries out of college were in 2005-2007? I remember them being 40-50K. Now it's whatever starbucks pays.



I think a lot of it has to do with parents as well, they don't want to feel old. they are the first generation of 'adults' that truly doesn't wanna grow up so they dress like us, spend thousands on youthful face creams, etc. Having the kids in the house doesn't remind them they're old like being an empty nester does.

[ovid9]

I think a lot of it has to do with parents as well, they don't want to feel old. they are the first generation of 'adults' that truly doesn't wanna grow up so they dress like us, spend thousands on youthful face creams, etc. Having the kids in the house doesn't remind them they're old like being an empty nester does.

I think there's a lot of truth to this. I don't know how many people I know or have heard about who, all the kids move out, so they build a house that's 1/3 to 1/2 BIGGER than what they had been living in.

Why?

Then, mysteriously, the kiddies move back in, sometimes with their families. Its odd to me.

[benjamin801]

Not to defend those people too hard, but the uncertain job market may be part of it. Defaulting on an apartment because you lost your job and couldn't find another one (that would pay your rent) for ten months can fuck up your credit in ways that will haunt you for a long ass time. That may make some people a little leery of flying the coop in their early 20s.

But yeah, as a 39 year old who moved out at 21, I a little bit when I talk to 32 year olds who live with their parents and have way nicer cars and music gear than I do.

[neilrocks25]

A lot has to do with we're you live, back in the UK to buy a small family home would cost me over half a million US, that's why I rented. But if you don't have a family what motivation is there to pay $1325 per month in rent (in my case) on a small 2 bedroom house or have to move to a shitty area.

Or you just stay at home have a cooked meal and any shit you want.


There just isn't the motivation, I think the world needs a rethink about priority.


I also agree with Ovid as I am about the same age.

[Lloyd Blankfein]

btw, I'm visiting my parents right now between seasons. That feel when my fiance and I go with my mom to the store and just hang around is hilarious. Feel like a true basement dweller. I have to constantly explain that I'm in between seasons and not living at home.

I'm thinking I need to change up the story to something like, "Well, I was in a band but I was just too good so I'm just crashing til' the bigtime comes knocking. In the meantime, I sell Aveeno make-up."

[Dave]

I like getting older. It weirds me out seeing middle aged ppl with rhinestone studded skinny jeans.

I'm pretty conservative. When I was a kid I wore suits and wanted to be a banker. Shit got real.



Anyway if playing Xbox and watching cable is more important than having one's own place then that sucks.



I don't agree about college grads entirely. I see a lot of dropouts and never wents. Some graduates but usually the ones that got 'I showed up' degrees. Rarely see business grads living at home playing video games all day.

[Lloyd Blankfein]

I like getting older. It weirds me out seeing middle aged ppl with rhinestone studded skinny jeans.

I'm pretty conservative. When I was a kid I wore suits and wanted to be a banker. Shit got real.



Anyway if playing Xbox and watching cable is more important than having one's own place then that sucks.



I don't agree about college grads entirely. I see a lot of dropouts and never wents. Some graduates but usually the ones that got 'I showed up' degrees. Rarely see business grads living at home playing video games all day.

LOL, me too. I got my first suit at age 4. Even a pair of dark cherry red italian loafers. My dad used to take me to work all the time. He bought me a briefcase and threw a day planner in it that was called my "book of possibilities."

Apparently that was more important than elementary school.

[Dave]

btw, I'm visiting my parents right now between seasons. That feel when my fiance and I go with my mom to the store and just hang around is hilarious. Feel like a true basement dweller. I have to constantly explain that I'm in between seasons and not living at home.

I'm thinking I need to change up the story to something like, "Well, I was in a band but I was just too good so I'm just crashing til' the bigtime comes knocking. In the meantime, I sell Aveeno make-up."

Just roll with whatever people think




My neighbors used to think I was unemployed and had a sugar momma. Who was I to argue with them? I would L O L when I'd schlub around the neighborhood in white trash cutoffs, slip on shoes and long ass hair. When I left the house it would be with my guitar

[clipless bumper]

Its an extension of the 'every kid gets a trophy' mentality.

[neilrocks25]

I like getting older. It weirds me out seeing middle aged ppl with rhinestone studded skinny jeans.

I'm pretty conservative. When I was a kid I wore suits and wanted to be a banker. Shit got real.



Anyway if playing Xbox and watching cable is more important than having one's own place then that sucks.



I don't agree about college grads entirely. I see a lot of dropouts and never wents. Some graduates but usually the ones that got 'I showed up' degrees. Rarely see business grads living at home playing video games all day.

With a pink tie?

[Dave]

I remember a kid on hcaf was proud of the way he managed expenses because he lived at home.



Budgeting and living within your means =|= mooching off others


My favorite part was when he gave financial advice

[Dave]

I like getting older. It weirds me out seeing middle aged ppl with rhinestone studded skinny jeans.

I'm pretty conservative. When I was a kid I wore suits and wanted to be a banker. Shit got real.



Anyway if playing Xbox and watching cable is more important than having one's own place then that sucks.



I don't agree about college grads entirely. I see a lot of dropouts and never wents. Some graduates but usually the ones that got 'I showed up' degrees. Rarely see business grads living at home playing video games all day.

With a pink tie?

Absolutely. Well, pink paisley. I've always had an excellent selection of ties.

[neilrocks25]

I like getting older. It weirds me out seeing middle aged ppl with rhinestone studded skinny jeans.

I'm pretty conservative. When I was a kid I wore suits and wanted to be a banker. Shit got real.



Anyway if playing Xbox and watching cable is more important than having one's own place then that sucks.



I don't agree about college grads entirely. I see a lot of dropouts and never wents. Some graduates but usually the ones that got 'I showed up' degrees. Rarely see business grads living at home playing video games all day.

With a pink tie?

Absolutely. Well, pink paisley. I've always had an excellent selection of ties.

My favourite tie has monkeys on it

I don't miss wearing suits at all, now I am my own boss I do the smart casual thing,
But when I am back in London I will pulling out the tailored suits. I miss the rat race,

[GuitarBilly]

There are 2 things I will do when my son turns 18:

1- I will buy him a nice gift, maybe lunch

2- I will change the locks in my house

[Marc G]

it's cultural thing really it's not uncommon here for people to live with their parents well in to their twenties. I lived at home till I got married a few years back since housing here is INSANELY high rather than sinking money in to rent each month I saved as much as possible, however I had to pull my weight. I had to chip in for food, utilities, do shit around the house etc. but at least when I got married my wife and I were able to pay down on a new condo so it was worth it to me... My parents are pretty easy going so it's not like I felt they were on top of me and they respected me for being an adult. As long as I paid my way they really didn't get on my case. People crashing at home and not pulling their weight is just plain lazy and then I can understand why people just want to leave home as soon as they can since not everyone's parents are as chill as mine...

[Lloyd Blankfein]

I love hearing how "the economy is improving" when I see very little evidence of it in most people I know's lives. Apparently the rich doing ok means everyone is doing better?

I know a few people who seem to be doing alright. Having another kid, etc.

but 90% I'd wager are sucking shit. Where most of those are moving backwards and a few are just standing still.

[sleewell]

winner toilet'd

[Meelosh]

sinking money in to rent

Yeah it's one thing to live in your own investment (if you can afford it) and make mortgage payments; it's a different story if you're simply paying rent to another land owner. Does anyone else see the merit in this?

Also, Marc G mentioned how it's a cultural thing, which it is. For example, I think it's the norm for Indians to live with parents until they're married/have dependents.

[Ostinato Rubato]

There are 2 things I will do when my son turns 18:

1- I will buy him a nice gift, maybe lunch

2- I will change the locks in my house

Yup. I agree. And if for whatever reason I change my mind there will be a pretty steep rent involved.

[Marc G]

sinking money in to rent

Yeah it's one thing to live in your own investment (if you can afford it) and make mortgage payments; it's a different story if you're simply paying rent to another land owner. Does anyone else see the merit in this?

Also, Marc G mentioned how it's a cultural thing, which it is. For example, I think it's the norm for Indians to live with parents until they're married/have dependents.

yeah.. and rent here is pretty much on par if not a little higher than the average mortgage, the catch is having the 10% to pay down on a place and then furnish it... shit's expensive man...

[homestar_kevin]

It's a hard time to have to get out there.

I moved out of my parents a year ago, but was still there through college and a year after.

I have a relevant full time job, and make decent money, but not enough to get a place on mine own.

I moved in with my girlfriend and we do great splitting everything, but even with that I still don't make enough to be saving a comfortable amount every check.

I stay on top of everything, but don't save enough(said everyone ever)

I make over 40k, but with 401k, health insurance, taxes, etc I clear less than 25. I could not afford rent/bills alone.

and I realize how lucky I am witha ton of friends who have jobs but only get 20-30 hours a week, aren't relevant to their career path, are extremely underemployed.

Not saying anything should be handed to anyone, I certainly busted my ass to get a full time gig, it's not the best, but it's relevant and pays the bills. Even that is in another city 30+miles from my house. It's just the best thing out there.

I don't blame the economy, I don't blame the kids themselves. Yeah a lot of them are fucking idiots, but even in the workplace, I run into people just as dumb as these fucks.

I think a lot of it has to do with he economy and just the shift of the older generation having to work longer into their 60's. They're not giving up jobs, so others can't move up and hire people.

Have any of you fucks seen the qualifications you need to land an ENTRY level position these days? We're talking internships, degrees, 3-5 years relevant experience for entry level. Your resume becomes 1 in the pool of 100's that get emailed to these job positions a day.

Speaking of moms, My mom still works as the head HR person at her job. They put an ad up on Craigslist to get temp filing help for $10 an hour. In 1 day, they had 150 resumes and had to pull the ad. She said well over 100 had college degrees and were doing things like working at Target, waitressing, or just nothing. A decent percentage has masters degrees and they were all desperately trying for a $10 temp filing job.

I doubt a lot of people on this forum would land jobs if they were 23, 24 and fresh out of college right now. Besides the point I know, but don't talk too much shit on these kids and be grateful for the job you have.

[ovid9]

I love hearing how "the economy is improving" when I see very little evidence of it in most people I know's lives. Apparently the rich doing ok means everyone is doing better?

I know a few people who seem to be doing alright. Having another kid, etc.

but 90% I'd wager are sucking shit. Where most of those are moving backwards and a few are just standing still.

That seems to be the case around here as well. And its not like they're all destitute or anything, but no raises for a number of years, paying more for benefits/less benefits, etc. Meh.

I can't complain right now about my own situation. Doing better than I ever have and trying to be smart with the money in case things go south.

Have any of you fucks seen the qualifications you need to land an ENTRY level position these days? We're talking internships, degrees, 3-5 years relevant experience for entry level. Your resume becomes 1 in the pool of 100's that get emailed to these job positions a day.

Oh some of that shit is hilarious. We want to pay you entry level money, but we expect you to be already trained in your field, and preferably in the exact job we want you to do. Must have 3 years experience as well.