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+--- Thread: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... (/showthread.php?tid=245976)
Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - NewtonMP2100 - 09-05-2020
.....some of you already know....
Majority of US adults under 30 now living with parents, study finds
.....The number of young adults living with their parents hit at least an eight-decade high in July, as the pandemic’s disruption of jobs hit young generations particularly hard.
More than half of adults under 30 (52%), or 26.6 million, are living with one or both of their parents as of July, according to a study from Pew Research Center. That’s up from 47% in February and exceeds the previous high of 48% in 1940, according to Census data.
It’s also the highest recorded level from the Census dating back to 1900, but no data is available from the Great Depression, which likely was worse, according to Pew.
The increase is part of an upward trend since the 1960s, but the coronavirus distorted that trajectory after states implemented shutdowns and companies laid off workers or moved to remote work. But the effects could take awhile to wane.
“For the most part, nobody wants to be living at home with mom and dad,” said Jeremy Sopko, CEO of Nations Lending Corporation, a mortgage lender. “It's a difficult situation that's been exacerbated by the pandemic and it may take years, if not the better part of a decade, for younger demographics to recover and be financially stable enough to leave home.”
Growth was sharpest for those between 18 and 24, which increased from 63% living at home in February to 71% in July. The number of households headed by an 18- to 19-year-olds declined by 1.9 million, or 12%, between February and July 2020.
Notably, the change is not because of college closures in the spring. The Census data already considers unmarried students who live in campus dorms as living in the family home.
But the rapid rise in unemployment does correlate with the increase in young people living at home, according to Pew. The percentage share of 16- to 24-year-olds who are neither in school or employed increased more than two-fold to 28% in June from February, when it was 11%.......
.......home is where the.....heart is.......?!
Re: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - graylocks - 09-05-2020
years, if not the better part of a decade...
!!!!!!!!!
lord, help me...
Re: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - sekker - 09-05-2020
Not going to change for awhile, either.
My two Millennials were both hit hard by COVID. One responded well thanks to a lucky break, the second meant we helped with a move back. New job means a fresh start for second.
Goal for parents is just to survive with sanity intact the next 2 years...
Re: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - Wags - 09-06-2020
I was out the door at 18, never looked back. I suppose things are different now.
Re: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - graylocks - 09-06-2020
Wags wrote:
I was out the door at 18, never looked back. I suppose things are different now.
i think that's true for many of us. things are different now. still, that fact need not be used as a cop out for not doing as much as possible to forge a path. whoa, who said that...
Re: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - sekker - 09-06-2020
Wags wrote:
I was out the door at 18, never looked back. I suppose things are different now.
I lived at home for a few years in college, until my last 1.5 years. So makes me out the door age 21, before graduating. Finished without college debt.
Very few kids graduate without massive student loans. Makes it a lot harder to get going when you have to pay a mortgage to Uncle Sam for the college years.
Re: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - Speedy - 09-06-2020
When mine more or less expressed he was too lazy to look for a job, I packed a few things in his car and gave him the boot.
Re: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - mrbigstuff - 09-06-2020
Where I'm from, it's not unusual at all to live at home until you marry or until you can afford to move out. Nearly all of my friends did this and I did, too.
Re: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - Numo - 09-06-2020
It was so much easier for kids to get launched when I was a young adult. Those of us who were able to do it when we were young need to remain humble about it.
Re: Papa, can you hear me? Papa can you see me?!.....52% of adults under 30, living with parents..... - tuqqer - 09-06-2020
Ammo wrote:
It was so much easier for kids to get launched when I was a young adult. Those of us who were able to do it when we were young need to remain humble about it.
That's what I've been told numerous times over the last couple decades. I'd still like to see hard data on that idea that "it was so much easier for kids (me) to launch."
I just don't know if that's really true. Case in point: in my last year of high school, every day after school, I would hustle quickly a half mile to a main road where I'd hitchhike 5 miles to a restaurant, where I'd work until 11pm each night, 36 hours a week, washing dishes. I'd then hitchhike back home, and get up and do it again. This wasn't weird, and at the time I didn't see it as hard. It was just the only way I knew how to get a nest egg together so I could get out of the house after graduation. The next fall, I hitchhiked with two duffle bags and a pair of skis/poles 1100 miles across the country to Breckenridge, Colorado. I'd never been there, had no contacts, but I just wanted to be a ski bum. I rented a tiny room in a basement with a cold shower and would daily bum rides up to the ski area, looking and begging for work. I lived on canned beans and boiled potatoes.
I have a dozen other stories like this peppered over the next few years, and I know many of my friends had similar stories. (hitchhiking down to Texas to look for and find a job as a custom wheat cutter, etc). I never purchased prepared coffee or paid for a restaurant meal until I was just shy of 21 years old.
I don't see a lot of that kind of bootstrap risk taking in many young people.