Living with Mom & Dad
A boingboing item (https://boingboing.net/2016/05/25/more-single-adults-living-with.html) reports that:
More single adults living with parents than on their own for first time since 1880s
Specifically, they cite a Pew Research study to the effect that there are more single adults living with mom & dad than there are living out on their own.
Boingboing alleges that one of the drivers is offshore real-estate speculators. They point to urban areas with record low occupancy rates where the "value" (cost) of the properties in question continues to climb steadily.
They also note that those with degrees are more likely to have flown the nest than those without.
The linked Pew report (http://www.pewresearch.org/fact-tank/2016/05/24/in-the-u-s-and-abroad-mo...) provides a lot more data and analysis. It also has a chart which states that:
Young adults in U.S. live with parents at highest rate since Great Depression
. The discrepancy between Great Depression and 1880s possibly has to do with the focus on "young" adults in the aforementioned chart. I didn't really dig too closely into it.
This will be post and run, for a while, since I have errands to do right now.
Comments
Not good news
I can't think that many of these people had in their life's plan to live most of their lives in their parent's house with their parents present. I least they have a roof over their heads but that's about it.
We all know deindustrialization, the war on wage earners, and neoliberal policies in general are to blame but I'd rather focus on the "dreams deferred" aspects of this.
I would also add that in the latter part of the 19th century, many young-adults-at-home were first generation immigrants
and they didn't yet have the resources to set up housekeeping. That period of time saw the oldest people entering into a first marriage for that reason. It's economic regression and it's not for lack of resources it's happening: It's the misallocation of resources.
"The justness of individual land right is not justifiable to those to whom the land by right of first claim collectively belonged"
This has been growing for a while and will continue, I'm sure.
When costs continue to rise and wages continue to stagnate, what else can you do? I bet more people are living in a variety of sharing arrangements (siblings, separated but remaining in the same house, roommates, etc.) than ever before too.
A big reason we need more than incremental change.
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Did it. It's a nightmare.
Parents will resent you no matter what you do in this situation.
I am a firm believer in rent control because of this kind of crap.
I do not pretend I know what I do not know.
My daughter and fiance lived with me for 6 months.
6 months too long, and they did not pay rent. Glad to see her cats go, too.
Hey! my dear friends or soon-to-be's, JtC could use the donations to keep this site functioning for those of us who can still see the life preserver or flotsam in the water.
I don't really have a problem with this in general
Yes, parents and children of the current generation may resent it, but long term over the entire span of human history, living communally has been the rule, and its only since maybe WWII or after that the idea that each two-person couple needed their own home and property came about.
It actually makes sense to have parents in the home to help with a young couple's childcare needs and to help the elders when they can't get around as well, it makes sense to have less housing in an overcrowded world, and less money spent on housing costs. Less development will be needed, and families would be able to survive on lower incomes or continuing to earn the same wage when prices keep rising.
I think as things continue to change over the next generation or two, this is going to become the norm again no matter what the economy does short term.
ETA: It would also eventually help the parents, since retirement income is basically likely to be non-existent after the boomers.