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Why Are Half Of All 25-Year-Olds Living With Their Parents? The Federal Reserve Answers
Back in 1999, a quarter of all 25-year-olds lived with their parents. By 2013 this number has doubled, and currently half of young adults live in their parents home.
While the troubling implications for the economy from this startling increase are self-evident, and have been extensively discussed both here and elsewhere (and are among the key factors pushing both the US and global economy into secular stagnation), a just as important question is why are increasingly more young adults still living at home.
While we admit there is something morbidly grotesque in none other than the Fed taking an active interest in this most devastating development (for the simple reason that it has been the Fed's own policies that have unleashed not only the $1.3 trillion wave of student debt but an army of Millennials in their parents' basement), it is the Fed itself that has been the latest to attempt an answer.
Here is the Fed's response to "Why Are More Young Adults Still Living at Home?"
Economist Maria Canon and Regional Economist Charles Gascon noted that many factors have been suggested for why young adults return to or continue living at home, including significant student debt, weak job prospects and an uncertain housing market. The table below breaks down the percentage of 25-year-olds who were living at home for the period 2012-2013 in each state in the Federal Reserve’s Eighth District as well as in the country as a whole.
Labor Market and Higher Education
One potential reason for the increase in young adults living with their parents is the labor market. The authors highlighted research showing that individuals at the beginning of their careers often need more time to transition into the labor market. This is reflected in the unemployment rates of those between 21 and 27, which are often higher than for other age groups.
Earning a college degree can help with labor market outcomes, as young adults with a college degree are more likely to live independently. However, additional research has shown that the underemployment rate for recent graduates was about 40 percent during the Great Recession. Canon and Gascon noted: “An implication is that a significant portion of recent graduates were earning lower wages than what they should have been, given their education.”
Also affecting many young adults is that they started their post-education careers during a recession. Canon and Gascon discussed a study noting that those entering the job market during a recession pay a price for about a decade. They wrote: “That’s because they start work for lower-paying employers and slowly work their way up toward better-paying jobs.”
Housing Market
The nation’s recovery may also play a role in young adults remaining at home. As the economy has grown, so have house prices. Canon and Gascon pointed out that national house prices have increased 21 percent since 2012, and rental prices have grown even faster in many areas. They wrote: “Because most youth would be first-time homebuyers, they have no housing equity to regain from the rebound in house prices after the housing crash.”
In the Eighth District, housing generally remains more affordable. The authors noted that the median house costs 3.3 times the median household income nationally, but less than 3 times the median household income in most District states.
Student Debt
According to a 2014 survey, more than half of first-time homebuyers said student loan debt was delaying saving for a down payment for a house. A 2015 report from the Federal Reserve Bank of New York found that a $10,000 increase in a student’s average debt increases the probability of living with parents or other family members by the age of 25 by about 2 percentage points.
* * *
To all the 25-year olds out there reading this from their parents' basement, all we can add is that these are actually all correct. There is just one thing left to add: for all of the above you can thank, who else, the Fed for blowing the biggest debt-funded asset bubble in history.
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Here is the answer: The federal Reserve stole the countries money and transferred it to their Wall Street Friends. The Givermnet allowed the Corporations to disolve their work force and move planst to China, all of the items sold in AMERICA ARE FIRIGN. tHAT IS WHY KIDS HAVE NO FUTURE AND UNTIL WE GET RID IOF THIS GROUP OF UNELECTED CLOES NOTHIN G WUILL IMPROVE,
Student Loans, Economy, Job market are all good answers
Layoff / Closing List: http://www.dailyjobcuts.com
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Education prices is not what should be concerning millennials, its asset prices. Education prices are just another inflated misallocation of resouces caught up in this credit created boom that is sure to fail.
My parents didn't let me have sex in the house. I was gone when i was 18.
Maybe you parent apartment is not have balcony...?
The thing about education is it's the one thing nobody can ever strip you of.
Every other investment you make can be stolen or nationalised. But they can't take your education from you.
You are not so familiar with methodology of Khmer Rouge. If you have something, state can taking away. All thing is possible at barrel of gun*
* Statist is eventually prefer Kalishnikov, cannot even tabulate global death by Kalishnikov automatic rifle.
Don't look back to the good old days, look forward to the bad new ones.........
"There's never been a better time then now to go deep in debt for nothing."
tariff every import no matter who makes it
nyc/dc has traded tens of thousands of manufacturing jobs for a handful of bankster jobs
that's what the 'US' gets in these free trade deals - nyc gets more access to foreign markets
I doubt any kids of these fed banker pigs live in their basements.
Cocksuckers.
Strip any saved wealth from the US born middle class with insane college costs and then import H-1B's from foreign lands to take the jobs.
The business model of the US (serial exploitation of successive waves of desperate immigrants) almost got fucked up there post WW-II with an ever more educated and powerful middle class.
why does the author assume that college education automatically makes graduates deserving of higher salaries. Has he not seen the graduation statistics for the US.
70% are in fields that have zero demand in the labor market. For all the talk of H1Bs. they mostly work in high tech. the US graduates <50K CS graduates every year. of 1.5 million!! H1B has practically zero impact on 95% of the college graduates life. It does have an impact on programmers who specialized in COBOL and refused to adapt to the changing tech field.
disclaimer: i am on H1B at the moment, but have worked outside US for the past 4 years. moved back because canada is blowing even bigger asset bubbles than the bay area.
I agreek wifh IVRYTHNG taht MFL8240 sayd.
if that is your REALNAMME!
Jonhny won't leave home because it is so comfortable.
The author left out that video games, social media and so much else is available and are more fun than reality. When I left home at 16(1965) there was nothing there but a mother that pissed me off. TV was crap. Rentalble movies didn't exist. Work, education, family and investing were my main entertainments. Now there are so many other ways to spend one's time.
Living with mom is comfortable. I wish I could do it. But I'm pushing 50 and she doesn't want me back. Boo hoo.
cheka,
<tariff every import no matter who makes it>
also 25% tax all foreign bought houses and commerical RE at the time of purchase and a higher rate thereafter.
How about our gubmint helping its citizens out for a change instead of destroying Americas middle class?
"Why Are Half Of All 25-Year-Olds Living With Their Parents?"
Note this "half" number is in the states with few job opportunities, except menial labor....duh.
This generational war shit is another "keep the 99% distracted" bullshit tool that has been around the block...
"People try to put us d-down
(Talkin' 'bout my generation)
Just because we get around
(Talkin' 'bout my generation)
Things they do look awful c-c-cold
(Talkin' 'bout my generation)
I hope I die before I get old
(Talkin' 'bout my generation)
My generation
This is my generation, baby
Why don't you all f-fade away
(Talkin' 'bout my generation)
Don't try to dig what we all s-s-say
(Talkin' 'bout my generation)
I'm not trying to cause a big s-s-sensation
(Talkin' 'bout my generation)
I'm just talkin' 'bout my g-g-generation
(Talkin' 'bout my generation)
My generation
This is my generation, baby
Why don't you all f-fade away
(Talkin' 'bout my generation)
And don't try to d-dig what we all s-s-say
(Talkin' 'bout my generation)
I'm not trying to cause a b-big s-s-sensation
(Talkin' 'bout my generation)
I'm just talkin' 'bout my g-g-generation
(Talkin' 'bout my generation)
My generation
This is my generation, baby
My, my, my, my generation
My, my, my, my generation
People try to put us d-down
(Talkin' 'bout my generation)
Just because we g-g-get around
(Talkin' 'bout my generation)
Things they do look awful c-c-cold
(Talkin' 'bout my generation)
Yeah, I hope I die before I get old
(Talkin' 'bout my generation)
My generation
This is my generation, baby
My, my, my, my generation
My, my, my, my generation
Talkin' 'bout my generation
(My generation)
Talkin' 'bout my generation
(My generation)
Talkin' 'bout my generation
(Is my generation baby)
Talkin' 'bout my generation
(This is my generation)
Talkin' 'bout my generation
(This is my generation)
Talkin' 'bout my generation
(This is my generation)
Talkin' 'bout my generation
(This is my generation)
Talkin' 'bout my generation
(This is my generation)"
My tight ass rocked in wide-striped bell bottoms!
there's a reason education sucks:
https://www.youtube.com/watch?v=4jQT7_rVxAE
H1Bs no effect, try telling that to any number of my unemployed friends in the computer field. big corporations hire almost nothing BUT h1b people.
to do grunt work, anyway. those with the real tech skills are those of us that have been in for quite a while and have some vague notion of job security simply due to the amount of knowledge and troubleshooting skills. the H1Bs I work with in application support areas are such a joke its not even funny.
nothing personal, but fuck H1B visas and anyone that supports them.
Kalashnikov
One thinks a purported Russian is know this.
Indeed, Boris. But even without an actual gun, the State is increasingly capable of robbing you of an education whilst seemingly providing you with one; e.g., the proliferation of for profit educational entities, enabled by the State, as well as the complete takeover of the traditional university curriculum by cultural Marxists, also enabled by the State, via various unending and rapidly multiplying regulatory requirements, aimed at satisfying "diversity". It is a true struggle these days to acheive a real education in such an "academic" environment. Just try to get a grant on a topic not sanctioned by the powers that be...Getting grants is a difficult enough process to begin with, but when political effect is added, even in scientific areas, it becomes truly impossible; so everyone learns to adapt, very quickly.
But they still take the fruits of your education from you, in our family we just have kids to put a load on them so the rents can have more fun.
In Russia there is no gay.
Only insecure homophobes, apparently.
Not is homophobe, is dragon public policy for purification of citizenry! Please to introduce to Socialism where dissent is not toleration.
In Russia Gays run from government.
In Soviet America, Gays RUN the government.
Jackoff Smirnoff
It's best not to ask, so they don't tell.
"dissent is not toleration"
Ugh, Boris...I think this phrase does not mean what you think it means....
Welcome to Sweden Wee Little Ewik
https://youtu.be/3KSJY0c8QWwParts of Stockholm are cesspools now and not worth going to on vacation anymore. I would avoid Malmo and Goteberg altogether---too dangerous.
The only Gay in Russia is the GPU
that's a lot of down votes for a not bad pun (even if dated, but hey billie sol, though he died only a couple of years ago, was born in 1925).
https://www.youtube.com/watch?v=K-Wt7FEy9To
In Russia is okay for man to kiss man but with tongue is a nyet nyet.
Everything I ever need to know I got for free from ZH, and that they can take away from me if the market keeps going up forever.
Education and apprenticeship was outlawed about 40 years ago.
Now all you got is fake diplomas for fake make work jobs that don't exist - after the prerequisite 10 years of post secondary school indoctrination.
Whole families may be pooling walmart part time salaries to keep afloat.
Some millenials at home may be supporting mom, day, grampa and grandma. Remember they lost their retirements twice in a decade, and now the house is worth less than they paid. The new normal is back to the future, where extended families stayed together.
Fuck the fed and their phoney money, which has turned everything into a ponzi scan.
They can make it worthless though, by shipping jobs overseas and
allowing excessive immigration into the US for jobs where they want to keep the
salaries low for strategic reasons.
Vinz
even if the strategy is they are cheapass motherfuckers.
"The thing about education is it's the one thing nobody can ever strip you of."
Depends. It could be a worthless degree or an education in a obsolete technology that no one uses anymore.
Or you could become a surgeon and then the goverment can implement price controls so you can't make money doing your trade.
9 mm to the brain will do it in an instant.
boris had a good point there. intellectuals and educators not deemed sufficiently enthusiastic about the new regimes policies are some of the first to get taken out. in the west, for the time being, that is only employment wise, elsewhere, very literally
technical advancement demands staying on the treadmill, or face getting pitched out of the way
My mon (RIP) use to say that all the time -
From as far back as I can recall - get an education - it is the only thing THEY can't take away from you.
I always wished I would have ask her who is "they"?
Maybe you can answer it for me -
Who is they?
FEMA is They NSA is they EPA is they the three branches of government is they.
'They' are a group that uses other groups as front groups.
That is why they are called they. Because THEY know who THEY are working with/for, but the rest of us are called 'conspiracy theorists' for implying, for connecting the dots, for questioning, for doing research.
Two things:
1) Education is VERY different from indoctrination.
2) They is actually us.
Not necessarily you and not necessarily me, but us just the same.
I can tell you who or what they are, finding and naming them is another thing. The blue print is in my comic: https://www.youtube.com/watch?v=E92bTK7JgrE
You have to watch it all the way through (4 minutes).
The rentiers.
"The thing about education is it's the one thing nobody can ever strip you of"
What a load of baloney!
If it is a non productive 'asset' you should dispose of it.
The thing about student loans is that it is almost impossible to discharge the debt, it will follow you to the grave.
If your education is not producing income for you it was not worth the cost.
You would have been better off taking free classes online and persuing studies on your own at little or no cost if all you want is 'education'.
Student Loans - What a scam!
The thing about knowledge of the truth is it's the one thing nobody can ever strip you of.
You were close, OM.
Knowledge makes a man unfit to be a slave
F.D.
Yeah, they just sell a lot of people fraudulent educations.
People talk about "post secondary education" as if its an actual accomplishment. Anyone whos done it knows it is a COMPLETE JOKE. I learn more from a couple hours of zero hedge and youtube than a whole semester of senior finance or economics. Waste of time, waste of money, what happens when this entire generation realizes they got SCAMMED?
You seem to be of the misguided belief that higher education is actually teaching students something. It is teaching them how to get a free apartment and free food for 4 to 6 or more years.
They might not be able to take education away from you, but they sure as hell can try to make sure you never get one- all for 30 G's a year.
EDUCATE YOUSELF- it's free!
-An alum of Autodidact U.
You don't get education from an institution with a piece of paper to prove attendance.
Clearly you've never seen anyone who had a baseball bat applied firmly to the noggin. They can take anything they want from you up to and including your life
Bullshit article. Thery live at home for the free Doritos and game console upgrades on birthdays and at Christmas.
And, it is easier to blame the Boomers for everything from the comfort of - their Boomer parent's basement.
Welcome to 1984 - everything is amazing - unless you live in Brazil, and your name is Buttle.
I agree that the economy is not the only reason for kids at home. Much of the reason is the lifestyle they can enjoy at home, lots of free shit and little responsibility.
I was that age 20 years ago and no one I knew lived at home, we all moved out at 18 or there about. Kids today don't want to live in a dump of a house with 4-5 others and just scrape by. They expect to maintain the same lifestyle mom and dad provided. The thing that kills me is they have no shame about it, I would have been embarrassed as hell to tell a woman I met at a bar that I lived at home.
There are some exceptions, one of which is our friend skateboarder who has explained his choices and seems very smart about it all.
(deleted comment) Never mind.
Do you mean that this pickup line won't get you laid: "Do you want to come to my mom's basement and see my etchings?"
Should. I mean the gals they are hitting on live in trailer parks with their parents. "Oh, you have a basement". And then you're knee deep in it like John Holmes.
Well We moving on up
To the basement
We gots a delux musty box
WHere I can eat your pie-i-i
A vicious circle - the banks and the government inflate away savings till one income is no longer enough to support a family. People who are then still foolish enough to reproduce have no time for kids, so instead of teaching them right from wrong they let the same govt. babysit and indoctrinate the young. They let TV, videogames and other forms of entertainment-propaganda do the talking. And parents typically have trouble letting their kids question authority because they themselves are authority figures, who half the time make dumb decisions that even their 5 year old can point out.
- Why?
- Because I'm older... and "that's how muh daddy tot meh"! Eat your processed shit!
So I am in a bad mood today.
Disrespectful snarky comments.
Sorry Millenials.
Now you know how stereotyping feels like.
Maybe it was Cheetos and iPhone upgrades, i dunno.
Nobody understands satire anymore.
Look, man, our generation got fucked by the Boomers. And now you are pissed at us for not wanting to play along?
You guys were the original anti-war protestors, look how that turned out! You guys started doing LSD (provided by a three letter agency) and smoking pot, doing coke, and forgot all about your anti-war protests, esp. when they made the Draft illegal, thinking you had accomplished your mission.
Instead, it just paved the way for todays Merc and Drone military. And somewhere along the way your generation became extremely apathetic about war. Nationalistic and Islamophobic, and all the while, ignoring the conquest by banks and megacorporations.
And you wonder why the younger generation wants no part of it! Justice? Crooked. Entertainment? Perverse. Finance industry? Crooked as all hell. Education? A trap to force the young generation into debt slavery. Why should I want to work in any of these industries, tell me.
Dinner's getting cold. Mom made your favorite - pasghetti with meat balls. Mmmm.
Grow up. When I graduated college (with two degrees) I took a job at a fucking resale shop making $135/week understanding that life isn't easy or free. You have to put in the work. Yeah it sucked. But looking back, getting out from under mommy's apron and starting my life was the best decision I ever made (I was 20). You should try it - you might learn something about yourself and begin your journey to being an adult. I'm not a boomer but I sure as hell won't blame anyone else if I fail. You shouldn't either.
I always laugh at older people who perceive younger generations as being lazy and entitled. They think they worked so hard for everything they earned, without ever realizing they only were able to earn shit in the first place because they were born in America during a time when it was still prosperous and things were affordable, and livable jobs existed.
My uncle paid his way through college by working full-time. How many people can do that today? Zero. But no, it's KIDS TODAY who are spoiled, because they work their whole lives and get SHIT to show for it, other than constant ridicule and degredation from everyone in their lives. Somewhat twisted logic.
Well a young man ain't got nothin' in the world these days.
https://www.youtube.com/watch?v=R1CJuzpuca4
Your kids will blame you too. Work ethic is not genetic. It's a choice.
I graduated in 2002, engineering degree, and was working part time at the library and had a $13/hr internship. I made an intranet database for freeway maintenance so the engineers could schedule freeway repairs. Too bad they never used it as it was pretty simple to use.
Just about 40 hours a week working my senior year and that was nowhere near enough to pay for housing close to campus and tuition. I did live at home with a long work commute to pay off my school loan as fast as I could. My first boss liked that I brought a sack lunch everyday. Saved enough to eventually start my own engineering company before I was 30. Some degrees are worth having if you use them. I am probably some outlier for how I went about this, but my Mom made my clothes when I was in grade school so I didn't grow up rich. And now I have all sorts of age ranges sending me resumes.
To completely knock college out of a possible career path is bad advice. But also choices such as electrician, plumber or other always in demand jobs are good alternatives. We are having a baby soon and I have no idea what's in store for their future.
That's awful. You can do better.
I did exactly that in the 90s and graduated with my loans paid off to boot; it may have something to do with not insisting on getting a $200k ivy league degree in the humanities only useful for employment as an underpaid teacher or overpaid government wonk.
Those six years I followed the Dead we freaking awesome, tuning in, turning on and dropping out. After all that acid my mind was so expanded I founded a life changing tech company to enslave the next generation with de'vices while exporting their jobs along with inflation. Is this the real life or just a fantasy? They can't take away my DIG-NI- TY. What a long strange trip it's been, indeed. /s
They got fat and lazy and went ass up for Medicare Part D in their twilight years because (as you pointed out), it was no longer their ass in the sling.
Could someone explain to me where all the Boomers are with 25 year old children?
I am a Boomer and of my hundreds even thousands of peers that I know, there are no children at home. If they were at home they would be in their 40's.
By definition, the last of the Boomers are now 56. So there may be some as described but I suggest they are very few. The 25 year olds lving at home are the grandchildren of Boomers.
True. The generations always get muddled together in these reports. The kids staying at home are Millennials which are children of Generation X and that's due to the crappy economy thanks to Wall St. and the gooberment oligarchy that ZH constantly covers. Of course Boomers basking in their pensions plans and vacaying in Arizona have no clue how it is for youngins nowadays they think the economy is like it was in the 1960's. But you can't fix stupid.
Two different sets of people: boomers (people who continued to vote for bread and circuses for the last 40 years or so) and parents of millenials (likely leading edge of Gen X).
+1 the Brazil reference.
I was lucky, grew up living on a lake with a boat! How I miss those summer nights, banging the girls under the stars out on the lake!
I was 15 when my first girlfriend slept over. I didn't even ask.
And they where okay with it.
My sister... she had to move out to sleep with her boyfriend.
It was different for boys and girls back then I guess.
We couldn't sleep at my girlfriends house either but her mom always gave her the keys of the beachhouse and the car for a weekend so that was even better.
Europeans don't seem to have the sex hang ups the way Americans do.
Don't forget that Earth-friendly negative birthrate that goes along with a hang-up free attitude.
Too bad Darwin awards the future to folks of greater fecundity.
They are arriving in Europe presently.
My parents did not let me have sex in the house with the gals when I was 14. I was gone when I was 14.
So let me get this stragiht? Logically that means they approved of your chronic masterbation. Damn would your mom wash your socks for you?
Disgusting I say, I've only masterbated 3 times in my life.
Once when I was 14 and
TWICE REALLY GOOD BEFORE LOGGING ONTO ZERO HEDGE THIS EVE!
Did you get laid yet?
wow i had sex all the time before i left at 17. just not with anyone else, lol
Much big question is why Boris' wife is let fat lazy nephew sleep on couch and eat disproportional serving of borsch every every day!? Why is not even pick up sock or shower infrequently!?
Don't touch that sock!
You are know of sock!?
Ahhh, the crusty sock.
Anybody with a 16 y.o male knows not to touch the sock.
Here we are money full of drawers.
Fat nephew stuck to couch is 27, but Boris is know not touch sock.
I wonder why Boris does not kick out the fat lazy nephew and make him take his socks with him ?
Family relationship and government subsidize housing is complication. Oligarch in Moscow is cash full, but in provincial life is how do you say, "sucking"! Must share tenement.
But also is nephew so fat as remove from couch is how you say, herniated disc. Also maybe Boris is not wanting know what is between fat nephew and sofa after extracate. Sock is pick up with tong and dispose.
Boris..you are one funny ass motherfucker....thank you for that. Also, thanks for the truth behind it....and behind that.
vv
_______________________________________
us goobermint est rabidus insanissimus maximus.
Use a lever and a pivot for the mechanical advantage to overturn the couch with the nephew who is cemented to it...
Even a weakling can overturn that couch with enough mechanical advantage as it is all about torque.
On a second thought...are your floors reinforced?
Floor is concrete. Everything in former Soviet is make of concrete. Bathtub is concrete.
Leverage...
Just do not get caught on the downside.
Perfect applicable in this case.
"Fat nephew stuck to couch is 27, but Boris is know not touch sock."
Get rid of the lazy couch, Nephew may follow the couch after losing place to sleep. Do not stock pantry\rfrig for next month, eat out instead. No food, no couch make nephew find new location to freeload.
Cannot tell if troll or not but good accent
Funny, I got a blowjob by a girl wearing that same graduation cap. She said something about needing a new iPhone.
Well, it was kind of garbled, but I think that was what she said.
We are now at the point where we cannot even look at this stuff rationally anymore. I doubt this new generation will drop out and fuck the system though. Not as long as they are content to live their life though a 4" window.
So we will slowly drag on. The older people get, the more dependent they get on the Matrix that is sucking the life out of us.
pods
Good thing inflation is nonexistant! lol
For them, money and wealth is nonexistant.
Oreos call their original package from a few months ago the family version. The new normal Oreos package is now 2/3 that amount of cookies (1 less column of cookies, rectangle to square package). Now there are Oreos Thins which further chops the weight down by at least 3/4 but in that new square package. Price hasn't budged on any of the square packages. Starting to see more Thin versions being stocked.
So a 25 year old is now a young adult?
Didn't we used to call teens "young adults?"
Where the hell am I? When are you considered an adult, 30? 40? 50?
pods
Don't trust anyone over 30
Abbie Hoffman - 1968
So, there!
Don't trust anyone under 30
Abbie Hoffman - 1986
There you go!
Don't trust anyone. period.
word up, hommies lol had to throw that in
all of those radical under 30s from the 60's are now all the old geezers running the show that sucks so bad now
the updated version
trust no one
Abbie Hoffman died from suicide by drug overdose, like a couple of hundred pills, and Jerry Rubin died crossing the street, getting hit by a car, then having a heart attack.
Hoffman's book "Steal This Book" was a classic though. Simple but entertaining.
When your K/D ratio gets avove 2:1, then you're an adult.
If you dont know where you are, how is anyone else to know? to answer your question, after your brain developes and you realize you are in trouble, this about is 40.
I only meant what world am I now living in where a 25 year old can be considered anything other than an adult.
Age is no longer a determinate of adulthood. I'm surrounded by children of all ages.
Damn skippy.
@ NotApplicable,
Think of it in this term. We are "Goverened" by Children & Psychopaths.
At the legal age of 18.
In the middle ages untill the 19 hundreds, people who where 16 where married, they had 5 to 6 kids when they where 25 and most didn't get older then 40.
In india for example, that is still the norm.
Being 40 and living like a king at home isn't that terrible, that was the life of kings back then.
But it's a sign of decadence of our society. Why live a hard life? I understand that. But for our society, it's not a good thing.
And also for a society we need kids. And the government is to blame, to many taxes make it impossible for them to try and I guess after 30 you simply stop trying.
And it's not just those who live at home!
The same goes for those who live alone!
We constantly need to build appartments for single homes, there's a serious problem.
People just want to take care of themselves.
But who will take care of them when they age?
Being a parent isn't for everyone. Obviously there are situations where birth control is an absolute blessing.
But being a parent does change how you view life if you are worth a damn at it and the odds that you are an actual grown up is much higher.
My father (retired social psych prof) told me many years ago that people who have kids grow up in ways that people who don't have kids never do. He was/is entirely right. Which doesn't mean that everyone should have kids.
one small correction. from the middle ages until the 1900s people did not on average die anywhere near 40. that average life expectency that gets thrown around so much comes from the extremely high rate of deaths during birth and early childhood, before modern medicine and sterilization. as we ZHers know since we know all about how statistics are manipulated, a huge number of "outliers" on one side of a range can skew the average quite a bit.
if you made it past your first 6 or 7 years life expectency was basically what it is today in european countries. youll notice that many of the founding fathers lived well into their 80s and 90s.
Thank you. I get so tired of the "Everyone before our elightened modern times died of a stubbed toe at 35." bullshit. It's a mental trap to make you think that the way you are told to do things now is the best, and that all others equal death.
It's a lie.
exactly....we are so smart....trust the scientists
A small correction to your otherwise excellent small correction: death in childbirth. That was common as dirt and it did bring down life expectancy for women a lot then. Some of my male ancestors went through several (fertile) wives, who died in their 20s in childbirth.
It was also a lot easier to remain married: People died a lot earlier (easier to put up with the same person when she is still reasonably fit and young), there was no pill (so no whoring around), no internet and the "no fault" divorce was not invented....
You're considered an adult when you do what needs to be done without whining like a bitch. Also, kids.
Wow....now that I think about it most adults aren't adult.
pods, I agree, but at least they are not calling them MEN.
We know what that is..........
Obama gunna forgive my studant loans, just like he paid my mortgage, and bought me gas.
"Obama gunna forgive my studant loans, just like he paid my mortgage, and bought me gas."
Obama No, Bernie very likely. Free Healthcare, Free College education.
I am sure you've heard the phrase: "The best things in life are free", Bernie intends to make all things free!
I can't imagine how he will NOT win the DNC nomination. He promises something big for everyone. This worked well for Chevez in Venzuela
Democrats>>poverty>>more Democrats>>more poverty>>more Democrats>>more poverty>>more Democrats...........
POP!!!
Bitchez!
!
Alternative answer:
The various Federal Reserve Banks around the country used to hire complete airheads and space cadets who, after thousands of hours of paid government instruction on Excel spreadsheets, still were unable to sum a string of numbers (using that pesky SUM symbol --- to complex).
Today, the Fed has outsourced those former pension jobs.
"As the Economy has grown, so have house prices...." the biggest LOL of all time. The eCONomy has in fact shrunk while the FED props up the housing prices a new bubble has formed. FAIL.
Here is the answer: the Federal Reserve stole the countries money and transferred it to their Wall Street friends. The government allowed the corporations to dissolve their work force and move plants to china, all of the items sold in America are foreign. That is why kids have no future and until we get rid of this group of unelected clowns nothing g will improve.
Arrested Development.
.
What is healthy - make it sick. What is sick - promote as healthy and normal.
If we just had a patriotic general sweep across NYC and Washigton DC, round up all these banksters and corrupt politicians, and quickly purge the USA of its tyrants, things would quickly return to normal.
They belong in PRISON ! They fking transferred all the cheap homes to FRAUDSTREET, taking them off the market. IT'S A FKING ****R I C O **** scheme.
Oh Please. Its quite obvious that half of all Adult children aren't living in their parents basement! Only about 25% are living in the basement, and another 25% are living in the Attic. Jeez! \humor
MFL8240 did you have a stroke while writing that? Call 911 if so.
hahaha! My keboard is so light I cannot see the keys. I just threw it out and when I went to correct it, it was too late! No stroke but, thanks for asking!
It's only half the answer. When you spend gazillions on wars, that money is taken out of the economy and ultimately lost because wars are unproductive expenditure. The crisis occurred when the unproductive expenditure of the Iraq and Afghanistan wars had filtered through to the ground level of Americans, lower economic activity, lower wages, lower house prices and bingo - it came on top of corporations shifting the job to China. Wars can only be productive expenditure if you do what the Donald suggested - go into Iraq and take their oil.
After closing the doors of the Federal Reserve, each employee walks, in a stately, slow pace to a special sound proofed room with a council table, comfortable stuuffed chairs , and, when the last one arrives, they close and lock the doors. They sit in reflective silence contemplating the daily bussiness of the Bank for a little while, and first one then, another smiles. They begin to chortle exchanging glances. At last one of them laughes out loud. The laugh is infectious, and soon all of them begin to laugh, rising in intensity, pounding the table holding there sides. " Ahh.. ohhh! And then Aaron gives them this speil about 'slowing world economy' and 'shrinking profit margins' ohhhh.. danm...I almost pissed myself!" Anotherr pipes in"I swear these shit dumd fuxs will belive anything! Oh me oh my"
America, YOU ARE ALL PALISTIANS NOW!! Accept the "Choosen", of course.
With the Federal Reserve Act, you sold your country to your sworn enemies, the London Banking Mob! And as as Carlen put it, "THEY GOT YA BY THE BALLS!!" and they ain't gona let you go!
Cheers.
The problem I have with it is that the ivory tower libtards seem to think we need to spend tax payer dollars on studies that answer completely straight forward questions where the answers are obvious.
The Fed Answers???? :
We have bought bonds and stocks.
We have facilitated aggressive money growth but none of that will be coming to you.
We have facilitated the growth of inflation in rent and consumer goods and that will be screwing you.
Georgi Hristozov should have some insight. America has a lot of immigrants and children of immigrants tend to live with their families or stay close to them until the marry. Bulgarians and South Europeans in general have that tradition.
Georgi Hristozov should have some insight. America has a lot of immigrants and children of immigrants tend to live with their families or stay close to them until the marry. Bulgarians and South Europeans in general have that tradition.
"To all the 25-year olds out there reading this from their parents' basement, all we can add is that these are actually all correct. There is just one thing left to add: for all of the above you can thank, who else, the Fed for blowing the biggest debt-funded asset bubble in history."
So basically you are saying "Fuck You Bernanke"