(08-02-2013 01:21 PM)Ninerfan1 Wrote:  

(08-02-2013 01:17 PM)Smaug Wrote:  I was laid off in the fall of '10. When the spring of '11 rolled around and I was still unemployed, my mother offered to let me, the smokin' hot Mrs. Smaug and the little Smaugs move in with her.

I told her I appreciated it, and we'd take it under advisement.

Same here. I was laid off in 2000 when the tech bubble burst. I was young in my career and got 4 weeks of severance. We had just bought a house so I had a mortgage on top of it. Unsuccessful in finding a job in my career I went to a temp agency and took a job working the phones and collecting for a finance company. I made just enough to cover the mortgage each month and my car payment. Parents made me the same offer but I said the same as you.

Quote:What I didn't tell her is, bless her heart, I'd have lived under a bridge before I'd have moved back into her house.

I was over 40, with a wife, two teenagers, and a mortgage. I did get a pretty big severance package, which got us through the end of '10.

(08-02-2013 01:45 PM)smudge12 Wrote:  

(08-02-2013 01:41 PM)DrTorch Wrote:  

(08-02-2013 01:37 PM)smudge12 Wrote:  I'm almost 25 and still live with my parents. I'm really appreciative of their help, but it's definitely soul-crushing; it's not where I imagined I'd be at this age. I help around the house and with the bills, but there's nothing more I'd love to do than start my career and living life independently. My current income simply isn't enough though, but it is what it is. Just gotta keep chugging along and hoping to land a job related to my field of study.

ps. Other than student loans, I haven't taken anything from the taxpayers.

Firmbizzle is right about the fact that this matches most of history. If you're saving and looking for a good spouse, then you're doing the sensible thing.

I am saving. Working on the spouse thing though...been a bit on-and-off lately lol.

Keep chugging along and find a solid spouse. Both incomes should allow you to rent a place. Rent so that you are flexible to move for higher paying jobs. I think paying rent is better than financing a house for 30 years. That's the way it's been done in the past. Only recently have we been fixated on getting out of school with an awesome career that allows you to live in a high rise condo, travel around the world, and stay single.

(08-02-2013 01:55 PM)firmbizzle Wrote:  

(08-02-2013 01:45 PM)smudge12 Wrote:  

(08-02-2013 01:41 PM)DrTorch Wrote:  

(08-02-2013 01:37 PM)smudge12 Wrote:  I'm almost 25 and still live with my parents. I'm really appreciative of their help, but it's definitely soul-crushing; it's not where I imagined I'd be at this age. I help around the house and with the bills, but there's nothing more I'd love to do than start my career and living life independently. My current income simply isn't enough though, but it is what it is. Just gotta keep chugging along and hoping to land a job related to my field of study.

ps. Other than student loans, I haven't taken anything from the taxpayers.

Firmbizzle is right about the fact that this matches most of history. If you're saving and looking for a good spouse, then you're doing the sensible thing.

I am saving. Working on the spouse thing though...been a bit on-and-off lately lol.

Keep chugging along and find a solid spouse. Both incomes should allow you to rent a place. Rent so that you are flexible to move for higher paying jobs. I think paying rent is better than financing a house for 30 years. That's the way it's been done in the past. Only recently have we been fixated on getting out of school with an awesome career that allows you to live in a high rise condo, travel around the world, and stay single.

I personally prefer paying rent at my apartment than having a house. I prefer to not have to do the maintenance involved in owning a house so I have a little more free time to do things I enjoy-like annoy you guys here (I don't enjoy the doing the maintenance). But that is just me. I can understand the desire to have your own house.

(08-02-2013 01:45 PM)smudge12 Wrote:  

(08-02-2013 01:41 PM)DrTorch Wrote:  

(08-02-2013 01:37 PM)smudge12 Wrote:  I'm almost 25 and still live with my parents. I'm really appreciative of their help, but it's definitely soul-crushing; it's not where I imagined I'd be at this age. I help around the house and with the bills, but there's nothing more I'd love to do than start my career and living life independently. My current income simply isn't enough though, but it is what it is. Just gotta keep chugging along and hoping to land a job related to my field of study.

ps. Other than student loans, I haven't taken anything from the taxpayers.

Firmbizzle is right about the fact that this matches most of history. If you're saving and looking for a good spouse, then you're doing the sensible thing.

I am saving. Working on the spouse thing though...been a bit on-and-off lately lol.

Read Dalrock and Sunshine Mary.

(08-02-2013 01:17 PM)Ninerfan1 Wrote:  

(08-02-2013 01:12 PM)VA49er Wrote:  Living with parents is actually the norm in other parts of the world. Not so much in the US. That seems like it would really reallly suck.

True but the "norm" is dictated by generational poverty in the majority of those countries.

In the past yes, but not so much as those economies begin to prosper. I can speak for a certain South American country where even the wealthy kids live with mom and dad long after they've finished college.

(08-02-2013 01:42 PM)RobertN Wrote:  

(08-02-2013 10:11 AM)EverRespect Wrote:  

Quote:In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009.

A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students. (In the census data used for this analysis, college students who live in dormitories during the academic year are counted as living with their parents).

Younger Millennials (ages 18 to 24) are much more likely than older ones (ages 25 to 31) to be living with their parents—56% versus 16%. Since the onset of the 2007-2009 recession, both age groups have experienced a rise in this living arrangement.

The men of the Millennial generation are more likely than the women to be living with their parents—40% versus 32%—continuing a long-term gender gap in the share of young adults who do so.1

The steady rise in the share of young adults who live in their parents’ home appears to be driven by a combination of economic, educational and cultural factors. Among them:

* Declining employment. In 2012, 63% of 18- to 31-year-olds had jobs, down from the 70% of their same-aged counterparts who had jobs in 2007. In 2012, unemployed Millennials were much more likely than employed Millennials to be living with their parents (45% versus 29%).

* Rising college enrollment. In March 2012, 39% of 18- to 24-year-olds were enrolled in college, up from 35% in March 2007. Among 18 to 24 year olds, those enrolled in college were much more likely than those not in college to be living at home – 66% versus 50%.

* Declining marriage. In 2012 just 25% of Millennials were married, down from the 30% of 18- to 31-year-olds who were married in 2007. Today’s unmarried Millennials are much more likely than married Millennials to be living with their parents (47% versus 3%).

http://www.pewsocialtrends.org/2013/08/0...ents-home/

The unspoken tragedy of this economy.

Why is it that only in America that it is bad for generations of families to live together?

No idea other than it's just a cultural thing. I think it may change eventually due to more immigrants, kids staying with parents, and older folks moving back in with their kids.

(08-02-2013 04:26 PM)VA49er Wrote:  

(08-02-2013 01:42 PM)RobertN Wrote:  

(08-02-2013 10:11 AM)EverRespect Wrote:  

Quote:In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009.

A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students. (In the census data used for this analysis, college students who live in dormitories during the academic year are counted as living with their parents).

Younger Millennials (ages 18 to 24) are much more likely than older ones (ages 25 to 31) to be living with their parents—56% versus 16%. Since the onset of the 2007-2009 recession, both age groups have experienced a rise in this living arrangement.

The men of the Millennial generation are more likely than the women to be living with their parents—40% versus 32%—continuing a long-term gender gap in the share of young adults who do so.1

The steady rise in the share of young adults who live in their parents’ home appears to be driven by a combination of economic, educational and cultural factors. Among them:

* Declining employment. In 2012, 63% of 18- to 31-year-olds had jobs, down from the 70% of their same-aged counterparts who had jobs in 2007. In 2012, unemployed Millennials were much more likely than employed Millennials to be living with their parents (45% versus 29%).

* Rising college enrollment. In March 2012, 39% of 18- to 24-year-olds were enrolled in college, up from 35% in March 2007. Among 18 to 24 year olds, those enrolled in college were much more likely than those not in college to be living at home – 66% versus 50%.

* Declining marriage. In 2012 just 25% of Millennials were married, down from the 30% of 18- to 31-year-olds who were married in 2007. Today’s unmarried Millennials are much more likely than married Millennials to be living with their parents (47% versus 3%).

http://www.pewsocialtrends.org/2013/08/0...ents-home/

The unspoken tragedy of this economy.

Why is it that only in America that it is bad for generations of families to live together?

No idea other than it's just a cultural thing. I think it may change eventually due to more immigrants, kids staying with parents, and older folks moving back in with their kids.

What you describe is decline.

Sent from my SCH-I535 using Tapatalk 2

(08-02-2013 04:23 PM)VA49er Wrote:  

(08-02-2013 01:17 PM)Ninerfan1 Wrote:  

(08-02-2013 01:12 PM)VA49er Wrote:  Living with parents is actually the norm in other parts of the world. Not so much in the US. That seems like it would really reallly suck.

True but the "norm" is dictated by generational poverty in the majority of those countries.

In the past yes, but not so much as those economies begin to prosper. I can speak for a certain South American country where even the wealthy kids live with mom and dad long after they've finished college.

I lived in Costa Rica with a host family. There son was 25 with no plans to leave the house.

It's OK as long as the guys leave their mother's Glamour magazine alone.

I remember coming back home the summer after I went reserve. I got back to Greenville in a hurry.

(08-02-2013 01:42 PM)RobertN Wrote:  

(08-02-2013 10:11 AM)EverRespect Wrote:  

Quote:In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009.

A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students. (In the census data used for this analysis, college students who live in dormitories during the academic year are counted as living with their parents).

Younger Millennials (ages 18 to 24) are much more likely than older ones (ages 25 to 31) to be living with their parents—56% versus 16%. Since the onset of the 2007-2009 recession, both age groups have experienced a rise in this living arrangement.

The men of the Millennial generation are more likely than the women to be living with their parents—40% versus 32%—continuing a long-term gender gap in the share of young adults who do so.1

The steady rise in the share of young adults who live in their parents’ home appears to be driven by a combination of economic, educational and cultural factors. Among them:

* Declining employment. In 2012, 63% of 18- to 31-year-olds had jobs, down from the 70% of their same-aged counterparts who had jobs in 2007. In 2012, unemployed Millennials were much more likely than employed Millennials to be living with their parents (45% versus 29%).

* Rising college enrollment. In March 2012, 39% of 18- to 24-year-olds were enrolled in college, up from 35% in March 2007. Among 18 to 24 year olds, those enrolled in college were much more likely than those not in college to be living at home – 66% versus 50%.

* Declining marriage. In 2012 just 25% of Millennials were married, down from the 30% of 18- to 31-year-olds who were married in 2007. Today’s unmarried Millennials are much more likely than married Millennials to be living with their parents (47% versus 3%).

http://www.pewsocialtrends.org/2013/08/0...ents-home/

The unspoken tragedy of this economy.

Why is it that only in America that it is bad for generations of families to live together?

I think it was just the way the admirable American life was shown on TV and the rest of the media.

(08-02-2013 06:24 PM)nomad2u2001 Wrote:  

(08-02-2013 01:42 PM)RobertN Wrote:  

(08-02-2013 10:11 AM)EverRespect Wrote:  

Quote:In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009.

A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students. (In the census data used for this analysis, college students who live in dormitories during the academic year are counted as living with their parents).

Younger Millennials (ages 18 to 24) are much more likely than older ones (ages 25 to 31) to be living with their parents—56% versus 16%. Since the onset of the 2007-2009 recession, both age groups have experienced a rise in this living arrangement.

The men of the Millennial generation are more likely than the women to be living with their parents—40% versus 32%—continuing a long-term gender gap in the share of young adults who do so.1

The steady rise in the share of young adults who live in their parents’ home appears to be driven by a combination of economic, educational and cultural factors. Among them:

* Declining employment. In 2012, 63% of 18- to 31-year-olds had jobs, down from the 70% of their same-aged counterparts who had jobs in 2007. In 2012, unemployed Millennials were much more likely than employed Millennials to be living with their parents (45% versus 29%).

* Rising college enrollment. In March 2012, 39% of 18- to 24-year-olds were enrolled in college, up from 35% in March 2007. Among 18 to 24 year olds, those enrolled in college were much more likely than those not in college to be living at home – 66% versus 50%.

* Declining marriage. In 2012 just 25% of Millennials were married, down from the 30% of 18- to 31-year-olds who were married in 2007. Today’s unmarried Millennials are much more likely than married Millennials to be living with their parents (47% versus 3%).

http://www.pewsocialtrends.org/2013/08/0...ents-home/

The unspoken tragedy of this economy.

Why is it that only in America that it is bad for generations of families to live together?

I think it was just the way the admirable American life was shown on TV and the rest of the media.

Damn the media.

(08-02-2013 10:13 AM)Smaug Wrote:  The president is all over it.

So self reliance is out the window?

(08-02-2013 04:52 PM)EverRespect Wrote:  

(08-02-2013 04:26 PM)VA49er Wrote:  

(08-02-2013 01:42 PM)RobertN Wrote:  

(08-02-2013 10:11 AM)EverRespect Wrote:  

Quote:In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009.

A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students. (In the census data used for this analysis, college students who live in dormitories during the academic year are counted as living with their parents).

Younger Millennials (ages 18 to 24) are much more likely than older ones (ages 25 to 31) to be living with their parents—56% versus 16%. Since the onset of the 2007-2009 recession, both age groups have experienced a rise in this living arrangement.

The men of the Millennial generation are more likely than the women to be living with their parents—40% versus 32%—continuing a long-term gender gap in the share of young adults who do so.1

The steady rise in the share of young adults who live in their parents’ home appears to be driven by a combination of economic, educational and cultural factors. Among them:

* Declining employment. In 2012, 63% of 18- to 31-year-olds had jobs, down from the 70% of their same-aged counterparts who had jobs in 2007. In 2012, unemployed Millennials were much more likely than employed Millennials to be living with their parents (45% versus 29%).

* Rising college enrollment. In March 2012, 39% of 18- to 24-year-olds were enrolled in college, up from 35% in March 2007. Among 18 to 24 year olds, those enrolled in college were much more likely than those not in college to be living at home – 66% versus 50%.

* Declining marriage. In 2012 just 25% of Millennials were married, down from the 30% of 18- to 31-year-olds who were married in 2007. Today’s unmarried Millennials are much more likely than married Millennials to be living with their parents (47% versus 3%).

http://www.pewsocialtrends.org/2013/08/0...ents-home/

The unspoken tragedy of this economy.

Why is it that only in America that it is bad for generations of families to live together?

No idea other than it's just a cultural thing. I think it may change eventually due to more immigrants, kids staying with parents, and older folks moving back in with their kids.

What you describe is decline.

Sent from my SCH-I535 using Tapatalk 2

What he describes is REAL "family values" not the BS you think is "family values".

We should be glad that there are still 21.6 million families capable of doing this. T

Would probably be a lot higher if so many had not lost their houses
due to foreclosures. Thank you President Obama and the Democrats.

A friend of mine lived with his parents until he was 30. Then he paid cash for his $400,000 house (back in 1992).

(08-02-2013 01:42 PM)RobertN Wrote:  

(08-02-2013 10:11 AM)EverRespect Wrote:  

Quote:In 2012, 36% of the nation’s young adults ages 18 to 31—the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S. Census Bureau data. This is the highest share in at least four decades and represents a slow but steady increase over the 32% of their same-aged counterparts who were living at home prior to the Great Recession in 2007 and the 34% doing so when it officially ended in 2009.

A record total of 21.6 million Millennials lived in their parents’ home in 2012, up from 18.5 million of their same aged counterparts in 2007. Of these, at least a third and perhaps as many as half are college students. (In the census data used for this analysis, college students who live in dormitories during the academic year are counted as living with their parents).

Younger Millennials (ages 18 to 24) are much more likely than older ones (ages 25 to 31) to be living with their parents—56% versus 16%. Since the onset of the 2007-2009 recession, both age groups have experienced a rise in this living arrangement.

The men of the Millennial generation are more likely than the women to be living with their parents—40% versus 32%—continuing a long-term gender gap in the share of young adults who do so.1

The steady rise in the share of young adults who live in their parents’ home appears to be driven by a combination of economic, educational and cultural factors. Among them:

* Declining employment. In 2012, 63% of 18- to 31-year-olds had jobs, down from the 70% of their same-aged counterparts who had jobs in 2007. In 2012, unemployed Millennials were much more likely than employed Millennials to be living with their parents (45% versus 29%).

* Rising college enrollment. In March 2012, 39% of 18- to 24-year-olds were enrolled in college, up from 35% in March 2007. Among 18 to 24 year olds, those enrolled in college were much more likely than those not in college to be living at home – 66% versus 50%.

* Declining marriage. In 2012 just 25% of Millennials were married, down from the 30% of 18- to 31-year-olds who were married in 2007. Today’s unmarried Millennials are much more likely than married Millennials to be living with their parents (47% versus 3%).

http://www.pewsocialtrends.org/2013/08/0...ents-home/

The unspoken tragedy of this economy.

Why is it that only in America that it is bad for generations of families to live together?

Because it is America. Independence is our heritage. Leave it to you to hate our heritage.

(08-02-2013 12:11 PM)Jerry Falwell Wrote:  My sister idealizes this thread.

She's in her 40's, makes her husband work 80 hours a week to pay for her mansion (and taxes) while she sits at home, and has all 7 of her kids living at home with her. 3 of them are in their 20's, and 1 has a 4 year old.

She spends money as fast as he can make it and her kids have absolutely zero concept of money because everything has been handed to them - they have a entitlement mentality.

Her oldest son is barely old enough to drink and is engaged to be married in October to a young lady with a 3 year old, and he doesn't even have a vehicle to drive to work (spent the insurance money on a ring). He's flat broke b/c his dad lets him skip out of work (more than he goes), so he took a union job thinking the extra $3/hour would make him a millionaire overnight ($2/hr of it goes to the union).

Yes, they plan on living with my sister when married. The 50/40-somethings produced a bunch of morons and we're all doomed because of it.

"Judge not, lest ye be judged"

(08-02-2013 01:32 PM)Bull_In_Exile Wrote:  

(08-02-2013 10:16 AM)BeliefBlazer Wrote:  

(08-02-2013 10:11 AM)EverRespect Wrote:  http://www.pewsocialtrends.org/2013/08/0...ents-home/

The unspoken tragedy of this economy.

The decline of good parenting is also a contributing factor.

Depends...

If my kid is 24 unmarried and wants to live at home I am ok so long as

1 - They have a good job and are saving/investing money
2 - They have good direction
3 - They pay room and board (a trivial amount but something)
4 - They are seeking a good spouse

what if they don't want to get married? marriage isn't some end all, be all.