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Number Of Middle Age Californians Living With Their Parents Soars
In the latest indication of just how strong the US "recovery" is, we find that the number of Californians 50 to 64 who live in their parents' homes has surged in recent years, which as the LA Times less than sarcastically adds, reflects "the grim economic aftermath of the Great Recession." Wait, don't they mean the great recovery? Because isn't the S&P just 10 points from its all time closing high? Maybe all those middle-age Californians are merely seeking their comfort (and spare bedrooms) of their parents so they can all use the family E-trade terminal together.
But since everyone knows the latest handout to the population by the administration is ObamaTrade in which everyone gets $100,000 to BTFATH, we know that is not the case, so surely the LA Times is joking.
Unfortunately, it isn't.
Here are the details - "for seven years through 2012, the number of Californians aged 50 to 64 who live in their parents' homes swelled 67.6% to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development. Many more young adults live with their parents than those in their 50s and early 60s live with theirs. Among 18- to 29-year-olds, 1.6 million Californians have taken up residence in their childhood bedrooms, according to the data. Though that's a 33% jump from 2006, the pace is half that of the 50 to 64 age group."
Here, once again, we run into the lack of that R(ecovery) word again:
The jump is almost exclusively the result of financial hardship caused by the recession rather than for other reasons, such as the need to care for aging parents, said Steven P. Wallace, a UCLA professor of public health who crunched the data.
"The numbers are pretty amazing," Wallace said. "It's an age group that you normally think of as pretty financially stable. They're mid-career. They may be thinking ahead toward retirement. They've got a nest egg going. And then all of a sudden you see this huge push back into their parents' homes."
Hmmm, if it's not the recovery, maybe it was the snow in the winter? After all that explained all the bad economic data in the past 3-6 months. Surely the polar vortex is the reason for all this renewed family circle "warmth?"
The surge in middle-aged people moving in with parents reflects the grim economic reality that has taken hold in the aftermath of the Great Recession.
Long-term unemployment is especially acute for older people. The number of Americans 55 and older who have been out of work for a year or more was 617,000 at the end of December, a fivefold jump from the end of 2007 when the recession hit, according to the Bureau of Labor Statistics.
As with Rohr, those in their 50s move in only as a last resort. Many have exhausted savings. Some have jobs but can't shoulder soaring rents in areas such as Los Angeles or San Francisco.
Whatever the cause, moving in with Mom and Dad exacts a bruising emotional toll. Even asking to move the family in was difficult for Rohr.
Maybe not. Actually, in retrospect, maybe there was no recovery at all. Maybe the Second Great Depression - when one ignores the HFT-rigged and Fed-manipulated market hitting daily all time highs - has just been getting worse and worse.
"I said 'Mom, I'm so sorry but I don't know what to do,'" she said. "I dreaded it. If it wasn't for my boys I wouldn't have done it. I would have lived in my car."
Jenny Chung Mejia knows how tough it can be. As a public policy consultant at the Insight Center for Community Economic Development in Los Angeles, she helps people and communities regain their economic health.
"It's unexpected vulnerability at this point in your life," she said. "When you're supposed to be the provider, sort of the rock for yourself and your family and maybe your parents, the table just gets turned on you and the rug gets pulled out from under you."
That's what happened to Janine Rosales, who moved into her mother's San Francisco home two years ago after a career of mostly low-paying jobs left her unable to afford the city's towering rents.
For Rosales, 53, it represented a personal defeat, an unofficial marker of unmet goals in life.
"I sit here sometimes and I see baby pictures of myself and my teenage years and remember all the dreams I had," Rosales said. "I never thought I'd end up where I am."
Fear not Rosales: every personal defeat and failure in life can be quickly converted into a win, if only on paper - just remember to BTFATH, and failing that, BTFD. The same goes for your parents:
The situation is also trying on elderly parents.
They feel the anxiety afflicting their children. Aging people on fixed incomes also worry that the extra money they spend on utilities or food will drain their own limited retirement savings.
"When I use up all of my money, who's going to help me?" said Rohr's mother, Penny Goulart.
Well, there's always Aunt Janet, and all those activisit who made billions in the past two months buying calls on a stock they knew would be acquired.
Either way, always repeat: the recovery, the recovery, the recovery:
Rohr is applying frantically for jobs. She's willing to do anything but has had no luck.
Or not. Still, remember to smile, because it will only get worse beofre it gets much worse. Some context: "About half of all Italians between 24 and 35 still live with their parents, compared with 14% in the U.S." ... All coming to America's "recovery" next.
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Bullshit. Starve the beast.
Going over the table means that you don't have to hide a thing. It gives you the confidence that cannot be had by "sticking it to the man".
well spat out...
but you forgot...Harry Dicklicker Reid, Carl peepers/bad comb-over Levin, Nancy Porklosi, and that ass hat John McFuckcain....leaving out scores of cunts and liars....
It sounds like you're saying that you're glad they're dead, so you get to live in their house. If so, you're absolutely right. That would not only sound weird, it would be weird.
Someone who inherited the family home assuming the couple in the picture are fat and lazy and they need to learn to survive on the streets comes across pretty smug. Smugness is the ugliest trait in a human being. Maybe if their parents just have the decency to die and leave them the house, they'll be able to take the same stance as you do and look down on others falling on hard luck. Look out for that karma bus.
Well, moving back in does have one advantage...more people in the house, armed, to kill off the DHS scum.
Although I would be scared if I moved back into my parents home...they are NUTS ! (in a good way).
I know my Dad, at 85, would gladly shoot at something if need be.
They'll just level the building from a comfortable distance.
Another worshipper at the altar of the State and Jackboot, I see.
No, just an American that does not care to see the country destroyed.
Things really aren't bad yet. You want to see bad wait a few years when you'll have 3 or 4 generations living together in a van ... down by the river.
They'll gather around a fire of burning tires and driftwood, telling tales of those halcyon days where they lived in a 2 bedroom house.
Mom. moms will endure & suffer anything for the kids, even when they are adult children, because they love them. mom is the dependable person, if mom isn't a rock of responsibility there's no home for anyone to come back to.
"That is great stuff! Love it. Mom...wow!
Now how can we leverage these shit-bag muppets so that we can pry every cent of wealth out from under their fat asses?"
- A polite conversation between an anonymous Federal Reserve Official and his Banking-buddies on the putting green. It was a nice sunny day and Spring was in the air!
I agree, Lynnybee. Unfortunately in this case, the Mom has told them that she is going on a three week trip, and they have to be out when she gets back. Also she made the husband sleep in his car, and wouldn't let him use the bathroom until he got a job. And they have two sons!!! Many moms are devoted, but the mom in this article sounds hideous.
You can have a decent 150k home in Arizona
Yeah, but then you'll be living in Arizona.
Lets see the link (Zillow or whatever you want).
The real problem America will face will come when all of us 'parents' are dead. We seem to be living off the last residual accumulated wealth and coasting into third world poverty. The bad nesw will come when the dollar goes tits up and even the fake wealth held in those dollars goes 'poof'.
That's when the military will be a part of defending the dollar.
and the military will be paid with what?
Out with the old fiat, in with the new.
California has a high proportion of Asians, and caring for Grandma is commonplace in Asian culture. Tell the whole story ZerroHinge.
Asians make up 14% of Califonia's demographics...... Idiot.
14% is still a high percentage. Throw in the Mexicans and poor Central Americans - their kultures are broken too but still retain a semblance of normalcy and caring for your parents after they cared for you is normal - or was until very recently in white USA.
Who cares what the demographics are? That's not the point of the article. Maybe you two should try reading it instead if busting Zero Hedge's chops.
BTW he is getting down voted not because of ignorance about California's demographics, it's because his comment has absolutely nothing to do with the article. The fact is the numbers are bad and they are getting worse.
Doc, it means the percentages are skewed when not factoring in cultural differences. I respect ZH but just throw that in as a consideration. Agreed the point is made though - the CA system is broke-dick.
Magnum is correct and how he gets 9 downs vs. 2 ups for simply stating a fact speaks to the ignorance of many on this thread. The problem here is not living with mom & dad - hell it makes sense - the problem is getting broken under the system.
One guy I know is a college grad who draws espressos at a boutique coffee/chocolate salon South of Market. All days long he serves iKidz and rich trust fundies from mainland China who are buying the million dollar condos coming up all around. He lives with his wife's parents, who are Cantonese and speak scarcely a word of English.
He is deeply ashamed of himself and wifey is daily giving him shit and wants to take their seven-years of savings and buy a $500k shit hole in West Oakland so she can feel like she has something.
This guy knows coffee, works diligently and works in the area of his expertise. He is respectable in my book. I told him he has plenty of company, it makes sense where he is, use the opp to learn a new language and drag your feet all the way on the RRE thing because you are going to want that cash pretty soon. Dunno if he can surmount the bitchcraft form the wife.
So, playing the "think of the children" card.
Thank the continously anti-American private sector.
Extended families--three generations--lived together for thousands of years, until very very recently in historical terms.
The promise of your own 3,000 square foot house, two cars, a riding mower, a BBQ the size of a Volkswagen, and a pair of goofy golden retreivers is going to be a historical footnote.
Only if we let other countries determine the American way of life, and not defend it as a non-negotiable item.
If the US decides to stand up to all that threatens its way of life, such as yourself, all of those and then some can be had..
50-65 is middle age?
On the bright side we must admit that we are seeing the re-assembly of the nuclear family albeit for all the wrong reasons.
Betcha most of these fucktards voted for Fuckbama...
Stupid cunts
Dad's really pissed.
http://24.media.tumblr.com/c638836497ad0ab5d72772969ced7289/tumblr_n439d...
I wonder how many spent their productive years defaulting on credit card debt and playing musical spouses, before their current career as deadbeats. Cry me a river.
So what to do now? "As a society" (retch-gag-barf)? Well, what's the alternative? The public dole? So we all get to pay their way?
Meh. I'd say returning to the coop they were raised in distributes just deserts to the exact parties to whom they belong.
Senator PT Barnum demands you immediately unilaterally accede to forfeit all your rights and privileges to the machine god, or at least to the stupid dork Zukermann fronting for the machines. The machines are never wrong... right?
Too much pain.Riots...everywhere. Blood in the streets. guns shots. Smoke .Fire .Soldiers are scared. Citizens all around them. Walking. Silence. They Don't want money. They Want Justice. America's last days...they walk like their ancestors..like men...for a better life
Too much pain.Riots...everywhere. Blood in the streets. guns shots. Smoke .Fire .Soldiers are scared. Citizens all around them. Walking. Silence. They Don't want money. They Want Justice. America's last days...they walk like their ancestors..like men...for a better life
Where I live, you're not really buying a house, you're buying neighbors. Shit, I dont even call it a house anymore. I call it my 'white woman storage unit'. Me and the boy would be OK in a cheaper neighborhood (and you can get em damn near free is a lot of places here). But we got mama and sissy to watch out for and the means shelling out enough $ to exclude the chimps.
rofl...
WTF did they expect when the administration changed the rules to make it more advantageous to live with mom and dad.
Obamacare being one of the skews.
Welcome to how most of the world lives.
dont get caught jackin off!
Indeed; I imagine many of these men in this situation spend the bulk of their conscious hours (around 12 - the other 12 sleeping) with the Monster.com home page on one screen and youporn on the other. They probably don't even bother to get dressed. The temptation to close their eyes and rub it out must be all too great ...
Look at this photo of entitlement gone wrong - out of shape, hangdog, dressed like prison inmates.
Broken by the machine. These are the folks you want to mount a revolution?
At least these two have somewhere to live. The people in their 20's now will suffer even worse but will be a lot less passive, I expect.
State population is 37m. With the increase, we're talking 200k, about 0.5%.
BFD
A lot of those will be caring for old parents in an increasingly aged environment.
The lucky one's die fast.
Eddie's Map to the Stars
http://www.gasbuddy.com
Why is it most bad news, like this, is out of California? California isn't normal. Who cares about California. If they are too dumb to move, so sorry for them.
I have two siblings living in CA. Each of them have two kids and they all (in mid 20s) still live with their parents.
This is a systemic problem, and by that I mean "Western" societies (USA and EU) have created a financial system wherein it is getting more difficult for middle class and poor to just survive...to enjoy basic housing, food, transportation, communication, etc. It is getting worse as food prices rise. Print and borrow more!
I lived in CA, and now live in Asia, and here are some of our real, monthly, cost-of-living comparisons (CA vs. Asia):
Mortgage. $3000. vs 0
Taxes. $6000/year vs $2
Food. $1000+ vs $600 (and we eat out a lot)
Gasoline $4/gal vs $5/gal (yeah, more expensive here)
Cars cost about the same here (exception: imports have a 200% + duty added)
Electric $500 vs. $50
Phone (landline) $30 vs $3
Cell phone $60 vs $10
Cable TV. $50 vs $8
We saw this coming (costs were going to soar to pay off the Banksters and War machine), so we decided to bail.... Moved in late 2012.
So is the government going to inflate, or default? Either way it is going to get more expensive from here. And they are "boxed in."
Now Americans are beginning to see how the rest of the third world lives.
Boo hoo --- I will be sure to drop a quarter in the Oxfam box at the check out counter