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The Euro "Young Adults Living With Their Parents" Zone

Tyler Durden's picture




 

A 'region' divided... because nothing says 'recovery' like 45-55% of young peripheral European adults (25-34 year olds!!) living with their parents.

 

h/t @AmazingMaps

 

And it's not just Europe - as we noted previously...

 

As hopes (of better jobs and higher incomes driving the young adult to their first home purchase) are dashed on the shores of Fed-driven asset-inflation and utter unaffordability.

 

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Mon, 06/22/2015 - 15:46 | 6222959 large_wooden_badger
large_wooden_badger's picture

Apparently there's no people in the gray-colored Eurasian areas.

Mon, 06/22/2015 - 15:49 | 6222991 nuubee
nuubee's picture

Where there is no data, thar be dragons!

Mon, 06/22/2015 - 15:54 | 6223023 BlowsAgainstthe...
BlowsAgainsttheEmpire's picture

Or Vicki Nutland wet spots.

Mon, 06/22/2015 - 16:28 | 6223158 EscapeKey
EscapeKey's picture

Precious few in the "socialist hellholes" of Scandinavia (+Finland).

Mon, 06/22/2015 - 17:15 | 6223308 HikerAppalachian
HikerAppalachian's picture

Precious few children there too. Demography has consequences.

Mon, 06/22/2015 - 17:19 | 6223325 MonetaryApostate
MonetaryApostate's picture

"Life in the Basement Lane, slowly make you lose your mind..."

Mon, 06/22/2015 - 17:24 | 6223341 EscapeKey
EscapeKey's picture

The four countries in question have a replacement rate of 1.8, which for developed European nations is on the high side.

Italy, Spain, Germany and Poland are far lower. And their live-at-home indices are all far higher.

http://data.worldbank.org/indicator/SP.DYN.TFRT.IN

Mon, 06/22/2015 - 18:17 | 6223537 Dave Thomas
Dave Thomas's picture

What ahem, "flavor" is that replacement rate?

Tue, 06/23/2015 - 05:09 | 6224725 stacking12321
stacking12321's picture

it's extra crispy, with a side of hold-the-bacon

Mon, 06/22/2015 - 20:50 | 6223977 Jack Burton
Jack Burton's picture

If Scandinavia is your idea of a Hell Hole, please tell me what you consider that much better a place? I find Sweden as a Hell Hole a bit of a joke really. I just had a Costa Rican frined stay over for a couple days, he is in town selling specialist metal working tools to the local industry who build heavy log loading and demolition equipment sold round the world. His Swedish company hires locals from across the globe to be their boots on the ground as regards service and promotion of their metal working tools. Manufactured and designed in Sweden, considered the best in the world for the specialty metal working. The Swedish company prospers in Socialist Sweden, finding top level enginners, designers, sales, and transport people. If you saw the areas around Major Swedish cities, full of such manufacturing and the tens of thousands of jobs that go with them, we all wonde where the socialism is. Or my families three farms in Southern Sweden, private property worked for hundreds of years, they sell to whom and when they like, plant what they like and answer to no Socialists. I could go on. The point is, the "Big Lie" about Scandinavia is a joke. They are more tuned to business and manufacturing than America. Local miners buy their hard rock drilling equipment from Sweden, because it's the best. In fact, spending time in Sweden nearly very year, I do find it a hoot when Americans refer to Socialist hell holes. If a country where peoples taxes pays for full health care, instead of the Iraq war is a bad thing, then yep, Sweden is bad. Fuck I like losing s trillion in Iraq, and having zero national health.

Mon, 06/22/2015 - 21:46 | 6224154 Falling Down
Falling Down's picture

I visited Sandviken, where Sandvik Corp. is located, in 2010. Nice place.

Tue, 06/23/2015 - 05:35 | 6224737 stacking12321
stacking12321's picture

i wouldn't take pride in comparing your country to the usa - it's like saying, i'm smarter than the retarded kid.

and a point of clarification - you don't pay taxes for full health care. you pay taxes because there's a system of extortion in place, which forces you under duress to pay taxes, or else! the fact that *some* of your taxes come back to you in the form of health care is nice, but wouldn't you rather be in control of all of your own money, and make your own decisions as to how much and what kind of health care to buy, instead of leaving those decisions to bungling government bureaucrats to decide for you?

 

Mon, 06/22/2015 - 15:55 | 6223026 large_wooden_badger
large_wooden_badger's picture

here there may be tigers

Mon, 06/22/2015 - 15:54 | 6223019 p00k1e
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Pic Two – California took Michigan’s water.  ?

Mon, 06/22/2015 - 15:57 | 6223037 large_wooden_badger
large_wooden_badger's picture

The Balkan states are completely depopulated, now advertising as a liberal utopia

Mon, 06/22/2015 - 16:17 | 6223112 ThirdWorldDude
ThirdWorldDude's picture

Where Europe's asylum seekers come from... 

You can't say they ain't tryin'.

Mon, 06/22/2015 - 20:51 | 6223981 Jack Burton
Jack Burton's picture

Do you mean the Baltics instead? They adopted American Neoliberal economics across the board. They are also net losers of population every year, even now.

Tue, 06/23/2015 - 12:02 | 6225722 large_wooden_badger
large_wooden_badger's picture

Baltics, Balkans... same shit different region.

Mon, 06/22/2015 - 16:20 | 6223130 Thirtyseven
Thirtyseven's picture

Just a bunch or Eastern and Southern Slavs and those dang Muzzies we're supposed to not be liking.

Mon, 06/22/2015 - 18:16 | 6223532 epicurious
epicurious's picture

No they just haven't determined who their parents are yet.

Tue, 06/23/2015 - 01:14 | 6224563 Fish Gone Bad
Fish Gone Bad's picture

The gray areas have a lot of badgers.

Mon, 06/22/2015 - 15:47 | 6222976 NoDebt
NoDebt's picture

They're lucky we allow them to be alive at all.

- Mario Draghi

Mon, 06/22/2015 - 15:47 | 6222978 Tin Hat Salesman
Tin Hat Salesman's picture

What's wrong with living with your family?

Mon, 06/22/2015 - 15:50 | 6222988 NoDebt
NoDebt's picture

Nothing.  If you get along with them.  And you don't mind listening to your Dad laying the wood to your Mom (or your second Dad) a couple times a week through the floorboards.

Mon, 06/22/2015 - 16:03 | 6223065 Rainman
Rainman's picture

at least they'll be well adjusted for life in the barracks.

Mon, 06/22/2015 - 16:11 | 6223087 Sudden Debt
Sudden Debt's picture

I love my kids but after 24 I would kick them out for sure!

It just means they’re lazy! Not poor!

They just want to live the hotel life!

Tue, 06/23/2015 - 03:23 | 6224667 Freedumb
Freedumb's picture

Baby boomer? Don't wanna hand it to them on the same government silver spoon that fed you and got us into a pile of debt?

Mon, 06/22/2015 - 15:52 | 6223005 large_wooden_badger
large_wooden_badger's picture

The US is really an anomaly in this regard. Most households throughout history were multi-generational, parents worked while the grandparents watched the kids, or something like that. You can see the advantages, like not needing to worry about childcare, until Ma or Pa develop dementia.

Mon, 06/22/2015 - 15:56 | 6223028 p00k1e
p00k1e's picture

“Dementia”

‘Where are the children you old freak!?

“I dunno.  Have some fresh stew.” 

Mon, 06/22/2015 - 16:01 | 6223052 nuubee
nuubee's picture

The U.S. was the anomaly because the U.S. was a frontier-land for much of it's history. It's much harder to move 25 people to Utah than to simply say, "Son, go west and find a wife and make a fortune."

Mon, 06/22/2015 - 16:16 | 6223110 p00k1e
p00k1e's picture

 

Back in colonial days entire families slept in one bed.

Minutemen would screw their wives right next to the chill’in Chillens.  “Hurry dad, I  have school tomorrow”. 

Mon, 06/22/2015 - 16:59 | 6223258 daveO
daveO's picture

It was pre-WW2. VA mortgages became Fannie Mae and and Freddie Mac. Oh, and those wives weren't out west, unless they wuz Injun.

https://stargazermercantile.com/wp-content/uploads/2014/01/Brides81.jpg

Tue, 06/23/2015 - 12:04 | 6225731 large_wooden_badger
large_wooden_badger's picture

That too

Mon, 06/22/2015 - 16:01 | 6223053 ebworthen
ebworthen's picture

The Aristocracies of the Middle Ages had three generations living under one roof scrabbling out a living in squalid conditions on the Lord's and Ladie's land.

This is simply the return of feudalism, the new normal or neofeudalism, but with paved roads.

Mon, 06/22/2015 - 16:05 | 6223068 NoDebt
NoDebt's picture

And iPhones.  

I hear dysentary is making a comeback, though.  The classics never really go out of style.

Mon, 06/22/2015 - 16:03 | 6223061 Goatboy
Goatboy's picture

What's wrong with living with your family?

Fight against it is part of decades old brainwashing. System needs fresh meat and where it is better than young, naive individuals with ideologically enhanced egos? System plays on their "pride" and imposes delusions of "independence". We are always dependent. When systematically fucked and exploited, its much better to depend on your own parents than complete strangers whose sole motive is to extract from you more than they pay you.

Replies from 1. world countries are not welcome, as they depended, throughout last few hundred years, too much on misery and suffering of the rest of the world. Its easy to live on account of people you never met.

Just watch constant obsession with "youth unemployment" left and right, mainstream and fringe. Its incredibly hypocritical and everywhere!

Mon, 06/22/2015 - 17:13 | 6223303 daveO
daveO's picture

Fresh meat equals more debt slaves. I had a relative who moved 1500 miles across country. Her mother wanted her to stay nearby to raise her family. Oh nooo! Hubby could make a few dollars more over there. They went into huge debt for a few houses and many cars. The kids were raised too far away to know, or even care about, their real families. Eventually, the strain of debt slavery ended predictably, dee-vorce. Now they live separately still in debt, of course. I don't feel sorry for them tho'. The hubby made more than one derogatory statement about my 'frugal' lifestyle while spending borrowed money on a timeshare in Mexico where gringos aren't even allowed to own property, only rent.

Divide and Conquer works in many different ways.

Mon, 06/22/2015 - 16:20 | 6223077 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

"What's wrong with living with your family?"

The lack of independence. I needed my own setting and narrative; I was out of the house at the age of 19 and out of the country at the age of 24.

That is not because I don't like my parents or my country - I do, a lot. I just had things to go do with my life.

Tue, 06/23/2015 - 03:26 | 6224669 Freedumb
Freedumb's picture

But Eirik, with a name like that, which makes me suspect you live in Scandinavia, the decision to live alone is not nearly as big a decision as if you lived somewhere that younger people really had few other options.

Mon, 06/22/2015 - 15:48 | 6222981 Oldwood
Oldwood's picture

As children are increasingly becoming dependent upon their parents, one has to wonder if the parent's passing may be an expense the children can no longer afford. We will soon see more cases of stuffed parents propped up in the living room window to keep those Social Security checks coming in??

Mon, 06/22/2015 - 15:51 | 6222999 graftvshost
graftvshost's picture

Go long taxidermy supplies!!!

Mon, 06/22/2015 - 15:57 | 6223033 cherry picker
cherry picker's picture

That may be the next big industry, disposing of parents' remains without .gov knowing and setting up a scenario so .gov thinks they are still alive.  For many old folks, their friends and family are long gone so no one will report them being missing or dead.

With manequins, holograms and face make up, it can easily possible to keep those benefit checks rolling in for another 30 maybe 40 years and the beauty of it, now that direct deposit and debit cards are the rage, no one will ever find out as no one will see who deposits and withdraws.

 

Mon, 06/22/2015 - 23:06 | 6224344 Abbie Normal
Abbie Normal's picture

So that means it's no longer necessary to keep Grandpa's thumb in the freezer for the annual thumbprint proof-of-life pension cards?

Mon, 06/22/2015 - 15:58 | 6223038 p00k1e
p00k1e's picture

Welfare mothers kill their children here in Detroit.  Then the crafty moms stuff the now dead children into freezers so nobody will notice the stench.  And the checks keep roll’in in. 

Mon, 06/22/2015 - 15:48 | 6222982 permafrost
permafrost's picture

The top chart says the US rate is 13.9%, the bottom chart shows all the most populous states with an over 30% rate. What gives?

Mon, 06/22/2015 - 15:54 | 6223015 malek
malek's picture

The top chart says 25-34 olds, the bottom says 25 year olds.

Mon, 06/22/2015 - 15:49 | 6222989 goldhedge
goldhedge's picture

FEMA Style Camps for the 99% in the very near future.

Enjoy your "independence" while it lasts.

Mon, 06/22/2015 - 15:51 | 6223002 NoDebt
NoDebt's picture

I'm starting to think living in your parents' basement is the new FEMA camp.

Mon, 06/22/2015 - 15:50 | 6222995 Bill of Rights
Bill of Rights's picture

Notice the deep left Liberal states where the poorest of the poor still live in the basement. But hey they feel your pain LMAO!... ( not saying the republicans are any better, fact is there are NO republicans.

Mon, 06/22/2015 - 15:53 | 6223014 large_wooden_badger
large_wooden_badger's picture

Wow, New Jersey leading the charge! Go long sump pumps!

Mon, 06/22/2015 - 16:02 | 6223056 oddjob
oddjob's picture

Not too far behind are the households on Lake Michigan?

Tue, 06/23/2015 - 05:58 | 6224748 stacking12321
stacking12321's picture

too dumb to understand that left vs right is irrelevant rubbish?

if you set that nonsense aside, you'd probably be able to figure out that the map is colored by things like rent, cost of living, youth unemployment rate, etc.

 

Mon, 06/22/2015 - 15:50 | 6222997 cherry picker
cherry picker's picture

If the parents are living in >2,000 ft home as many do, why not?

Homes are a lot bigger by many times from 60 years ago, they could easily house 8- 10 people

Mon, 06/22/2015 - 17:37 | 6223350 daveO
daveO's picture

Enjoy it while you can, kids. 

The reaper's coming, his name is Fred.

http://www.youtube.com/watch?v=jcGQed11XCg

Or is it Fonzi?

http://www.youtube.com/watch?v=vhhGparW6KQ

All the cool codgers will go with Fonz. Ayy!

http://www.youtube.com/watch?v=yyzK6e6py9A

Mon, 06/22/2015 - 19:03 | 6223667 Umh
Umh's picture

Eight to ten people in a 2000 square foot home? Maybe if they are mostly children. Don't get me wrong I've lived in tighter conditions, but I was 18-20 and living in a barracks. The bigger problem is that it is our house and I wouldn't put up with too much.

Mon, 06/22/2015 - 15:52 | 6223003 deerhunter
deerhunter's picture

At 18 I had my own bedroom for
The first time as I signed a one year lease on an apartment. 7 kids in a three bedroom house growing up.! We learned yes sir and yes ma'am and how to work hard . I never looked back. We are raising entitled spoiled I crap addicted can't do anything basement dwellers . You think today's society is bad? Wait 20 years !

Mon, 06/22/2015 - 15:52 | 6223009 Jason T
Jason T's picture

Fascinating.. I bet climate plays a huge role.  Nothing to do with climate change BS.

 

I know for one, I'm substantially more productive in the spring and fall than in the hot summer and cold winter.

 

I would be a dead ass in greece myself in that heat and humidity.

Mon, 06/22/2015 - 17:16 | 6223314 TeethVillage88s
TeethVillage88s's picture

Looked like East Block Soviet Union did worst, Yugoslavia was part of it and Greece & Italy apparently had leanings toward Communism. Ireland was repressed by British.

Kind of a Geopolitical View of Economics.

Mon, 06/22/2015 - 15:53 | 6223011 malek
malek's picture

For the US chart map, might there be any correlation to parcel/house availability and affordability?

Mon, 06/22/2015 - 16:03 | 6223066 NoDebt
NoDebt's picture

If you have to ask, you can't afford it.

Mon, 06/22/2015 - 15:55 | 6223022 DeliciousSteak
DeliciousSteak's picture

Cultural differences play a role as well. For many it doesn't make sense to move out just to live alone, so it doesn't become relevant until marriage prospects enter the picture.

Mon, 06/22/2015 - 15:55 | 6223024 large_wooden_badger
large_wooden_badger's picture

Rejoice for all those twenty-somethings living in their parent's basement have significantly reduced their carbon footprints!

Mon, 06/22/2015 - 16:00 | 6223041 I Drink Your Mi...
I Drink Your Milkshake's picture

I gotta household of tools across the road from me that exemplifies these very stats.

Ironically the little fuckers seem to have no jobs, but have spankin' new cars w/ aftermarket wheels & exhausts and plenty of munny for gas and insurance.

Oh how the future looks bright..........

Mon, 06/22/2015 - 16:08 | 6223076 gcjohns1971
gcjohns1971's picture

The purpose of government regulation of the economy is to stifle newcomers while protecting entrenched interests. This is socialism by any other name, nominally public control of production.

This tendency is unavoidable in government for the simple reason that the entrenched interests by defnition of BEING ENTRENCHED are more networked with government.

Children are always newcomers.

Grandparents, and to a lesser extent parents, are entrenched interests.

 

When you squeeze the newcomer businesses, you unavoidably squeeze also those whom they would employ...the young.

Socialism is wrong.

Socialism is wrong for the reason that it is a slow form of suicide that systematically stifles the young, the new, the dynamic in favor of the old, the moribund, and the corrupt.

Mon, 06/22/2015 - 20:26 | 6223910 Umh
Umh's picture

You are so right, but most people never see it. Regulation is pushed by big companies to squash newcomers.

Mon, 06/22/2015 - 16:15 | 6223106 youngman
youngman's picture

In Colombia...they live with 4 generations...and it works well...usually a father or two are missing.....they are very family down here...and happy too

Mon, 06/22/2015 - 17:19 | 6223323 TeethVillage88s
TeethVillage88s's picture

So if a kid was abused by an older sibling there would be an uncle, a mother, grandparents to straighten it out quickly.

Family and upbringing might be the most important things to growing up right.

Mon, 06/22/2015 - 16:46 | 6223222 Finnman
Finnman's picture

"Whats wrong with living with your parents"? Answer: when children move from their parents they need own apartment or house, so they need mortgages. Thats good for banks and housing business. At least in Scandinavia its very weird if 25 years old man does not have "own" house or flat and lots of loans. More and more loans for house and premium brand cars (dsgwag) better response from women (golddiggers). I think one swedish blond popstar had a huge hit "man I need a HOUSE"

 

 

 

 

 

 

 

 

 

Mon, 06/22/2015 - 17:00 | 6223261 newsoutlet
newsoutlet's picture

1. One map shows people in age between 25 - 34 in EU living with parents. Second shows young students with age till 25 when they still study living with parents in US. So its bad data for comparison.

2. No maps showing that in Russia majority livs not only with parents but with their grandparents aka babushkas

Ha ha ha 

Mon, 06/22/2015 - 17:31 | 6223375 SmittyinLA
SmittyinLA's picture

looks kinda like a mass immigration map, stragely enough the sub-prime debt and loan fraud maps are exactly the same as well as stagnant wages and increasing taxes maps.

rents are up along with debt service revenues, bullish for Globalists*

Mon, 06/22/2015 - 17:54 | 6223465 sethstorm
sethstorm's picture

This is what happens when you let permatemping exist.  Who can plan for long-term purchases if you're strung on 3-6 month contracts?

Mon, 06/22/2015 - 18:40 | 6223608 MEFOBILLS
MEFOBILLS's picture

The Scandinavian Socialist Wastelands are at 4%.  If you have a homogenous society then socialism can redistribute pretty well.

In non homogenous socities, with high racial friction, then redistribution has to happen via the price mechanism.  

Mon, 06/22/2015 - 18:44 | 6223624 Crusader75
Crusader75's picture

No surprise, this is what happens when you vote for politicians who help corporations shift their production to developing countries in pursuit of higher profits. The past 30+ years have been a great time to be a shareholder, not so great a time to be a Western worker.

Mon, 06/22/2015 - 21:22 | 6224089 MEFOBILLS
MEFOBILLS's picture

If Scandinavia is your idea of a Hell Hole, please tell me what you consider that much better a place? I find Sweden as a Hell Hole a bit of a joke really.

 

Jack,

Lighten up, it was a joke.  I was poking fun at all those who are so ready to point their finger and demean socialism in all its forms.

 The bigger point is that Capitalism has rents, and these are cost losses that have to be erased, usually by taxing and redistribution.  It is an uncomfortable thought for most ideologues.

If you have read any of my posts you must know that I'm a race realist.  In Skandinavia everybody is "son of John" so that makes it easier to redistribute by way of politics.  It is all in the family, as your neighbor is an extension of your own blood line.

I don't consider it a hell hole.... quite the opposite.

Tue, 06/23/2015 - 01:10 | 6224556 tarabel
tarabel's picture

 

 

I would like to see this graphed out over a longer period.

What is considered the baseline scenario for all of these countries and how has it changed?

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