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Number Of Millennials Living In Parents' Basement Climbs (Again); Weddings Blamed (Again)
Three weeks ago, we noted with some alarm that the number of women age 18 to 34 living with their parents is now the highest since record keeping began more than seven decades ago.
According to a study by the Pew Research Center in Washington, 36.4% of young women have now moved back to the basement, so to speak. The culprit: weddings. No, really. From Bloomberg:
Eternal happiness can wait. Millennials are much less likely to be married than their parents were at their age, and marriage often serves as an impetus to move out.
Of course the real reason why 18-34 year-olds are moving home is because the US economic "recovery" is characterized by a labor market that, far from being a "robust" creator of breadwinner jobs, actually churns out bartenders and waiters. The sad thing is, between lackluster wage growth, crippling student debt, and bad decision making when it comes to picking a college major, some millennials are finding out that serving drinks is a far better way to make ends meet than taking a full-time job for a meager salary that all but guarantees you a spot among America's growing peasantry.
On Monday, we get still more evidence of the above, this time from the Commerce Department, who reports that 31.5% of 18-34 year-olds now live with their parents. As you can see from the following, this is one graph that is the definition of "up and to the right":

If that were a chart of some "key metric" a startup founder dreamed up with the help of a VC backer, you'd have yourself a billion dollar unicorn. Unfortnately it's not. It's an illustration of just how abysmal the US economic "recovery" truly is and it's also a reflection of what happens when you pair an inexorable rise in the cost of education with a jobs market that's a shadow of its pre-crisis self.
Next, have a look at the chart of 25-34 year-olds living with their parents:

As you can see, that looks like the highest level on record. If we assume a student starts college at 18 or 19, and finishes in 4-5 years (which may be optimistic but should be a decent baseline), the 25-34 bracket should include quite a few graduates. If these young adults are moving home at a record pace, one has to believe that the labor market is anything but "robust."
But not so fast says Jed Kolko, an independent economist and senior fellow at the Terner Center for Housing Innovation at the University of California, Berkeley. As WSJ notes, Kolko - like te Pew Research Center - believes this can all be explained by a lack of weddings. Here's WSJ:
Mr. Kolko says that the rise in children living with their parents is largely related to the fact that people are marrying and having children later, not to the weak economy and housing market. Single people without children are more likely to continue living at home much later.
Note that Kolko is asking you to make the following ridiculous assumption: if you aren't married, you automatically want to live with your parents. Obviously, that's absurd.
But one thing Kolko does get right is this: "What I think it means is that the boost to housing from young adults will come more slowly than people expect."
Indeed Jed. But not because unmarried people want to live in their parents' basement until they find their soulmate. Rather, because soaring rents, student debt, and a lack of decent job opportunities have conspired to make independence and self-sufficiency a pipe dream for a third of the nation's millennials.

Also, someone should tell the Commerce Department that there's no reason to put out this type of abysmal data. A "double seasonal adjustment" could fix this right up.
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The economy is great. Raise those rates Mr. Yellen!
Lets get the protests going!
"No Free Stuff, No Peace... No Free Stuff, No Peace... No Free Stuff, No Peace... No Free Stuff, No Peace... No Free Stuff, No Peace... No Free Stuff, No Peace... No Free Stuff, No Peace... No Free Stuff, No Peace... No Free Stuff, No Peace... No Free Stuff, No Peace..."
"Mr. Kolko says that the rise in children living with their parents is largely related to the fact that people are marrying and having children later, not to the weak economy and housing market. Single people without children are more likely to continue living at home much later."
Pretty hilarious and ass backwards way to put it. The number one reason why people aren't having kids and buying a house is because we are in a DEPRESSION not because they are choosing to do so later of their own volition. They have no choice. It's especially tough when you actually want to be able to pay for your kids yourself rather than having uncle EBT do it.
Not surprised, considering the current job market
Layoff List: http://www.dailyjobcuts.com
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Mawage....just another gubmint program.
PEOPLE ARE NOT GETTING MARRIED BECUASE OF BAD WEATHER!
What budding bride wants to get her wedding dress wet and muddied?
Maybe the millennials should quit chaturbate and weed consumption
Or do they use those "activities" to find jobs & suitable partners?
http://goo.gl/ux0c3r
wha?
Give that guy a Speak and Spell for Christmas.
And, investment wise, go long on Cheetos and Doritos.
PEOPLE ARE NOT GETTING MARRIED BECAUSE OF CONCERNS ABOUT CLIMATE CHANGE.
THAT"S IT!!!
People Are Avoiding Weddings Because They're Afraid Of Being Droned!
In all seriousness, what about cohabitation? I wonder if those numbers are down also and if so, are Millennials simply not forming relationships at a similar rate of previous generations. I've heard about the 'hook-up' culture, and that dating was sort of passe' in College, so maybe so.
Stay away from wedding parties, lest ye be 'droned!'
But the Gubmint said dat regulated economies be good for everybody?
Sigh, I'm getting a degree in law. Thing is I already have a paying internship for a firm who has already told me that they would be interested in hiring me, In addition, as part of my internship I worked marketing and accounting.
But what did the other college students do for internships? Managers at Walmart and Market Basket. Then half of them switched over to women's studies and African studies. Smh, and they wonder why they end up 200,000 dollars in debt and jobless. But no we need more regulation to chase away low experience manufacturing jobs because centralized economies like China's care so much for their sweatshop workers. You're right Mr. Liberal College student, Capitalism is to blame.
Forward Soviet
It's CRIMINAL what some of these schools and "advisors/guidance counselors" are doing to these students.
Schools cost so much that subjects such as Women's studies and African studies should only be offered at most as minors to supplement a marketable major.
Oh well, the traditional college/university racket is going to implode in the not to distant future, anyway.
As long as stupid parents keep footing the bill or stupid kids keep mortgaging their soul away and choose useless majors...the stupid will keep on happening here too...until the entire house of cards comes crashing down...
College should not be for everyone or for just any degree, the sheepskin should offer something to society of real benefit...
Many kids would be better served by learning a trade...
I am starting a new movement.
Pissed Off Old White Guys Matter.
Look out, Free Shit Army - there's a new sheriff in town.
Never let them piss you off. Get even, live small and mellow.
"Youth and Strength is no match for Age and Treachery." - Neal Boortz
You need to write a rap ballad
I'd like to subscribe to your newsletter good sir.
Pissed Off Old White Guy
The thing about elderly people is that they represent the past, not the future.
A few years ago someone asked, what can we do? And I said, "Don't let them get to the kids." Someone has been watching a lot of porn, a lot sports, buying performance enhancement drugs and apparatuses. Party like it is 1999 (https://www.youtube.com/watch?v=iI2fRPmEZ6A Prince 1999)
Just talk to them, tweet this stuff their way, if they block you, email it to them. We are headed toward totalitarianism by mediocre men who steal ideas and wealth. It's a threat to our species. A small element of corruption can be tolerated in any society, the underground economy keeps felons on parole and misfits from dying in the streets of starvation or exposure.
https://www.youtube.com/watch?v=UHfPXN6Y0cc - Mediocrity Rules
"No man, it's okay, you didn't waste my day. Cuz I already knew Medocrity Rules" Daabadaabado
https://www.youtube.com/watch?v=YR5ApYxkU-U
Pink Floyd The Wall
Let free dumb ring.
Party on, Garth.
The rise of singlehood is entirely attributable to the rising cost of make-up (must be because I don't see it as much anymore and tattoos don't qualify) plus women no longer know how to walk.
The list of things which women are no longer capable of is growing
I just graduated college and the smartest dude in my Econ class that graduated with me now sells direct tv at wal-mart
I work in concrete with an Econ degree
Construction management is a attractive field right noe - not being snarky at all. Congrats on having a job.
but you do work.
I feel your pain. But, it's an Econ degree. How, exactly, does a degree where you are taught to be wrong 50% of the time regarding economic and financial matters help you with a real world job? Maybe go back and get an engineering or computer science degree. Medical degree? Nursing degree? Elementary education degree? There are a lot of jobs out there for the right degrees.
Good thought but no more debt for me. Maybe if we feel the BERN and college is free next year in socialism utopia. Time to make some skrilla otherwise
Take care
I completely understand. And, just to be clear - I'm not knocking you. I think it's a crime that these "schools" don't do a better job of teaching students about their job prospects given certain degrees, etc. I know of two extraordinarily bright women who graduated with 4.0 GPAs in H.S. and top of their college classes with degrees in... art. They can't find jobs other than secretary and small store manager. What a sad waste of incredible talent.
The schools just want your money. They are as greedy as any corrupt corporation in that way. They don't care if what they sold you is of any use or not.
No more than half of the students in my universities were studing with a clear plan to get a job.
Most students were just killing time. They did not know what they wanted to do.
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I am a hard ass.
I do not give a shit if some loser youngster fucks himself with debt after studying bullshit in college. As far as I am concerned, that is tough shit for him. It takes a special kind of socialist-stupid spirit to devote that much effort studying bullshit. He deserves to be sequestered from society. It is not for me to give a shit about him when there are far greater needy folks.
I think the best education I could give my own kids is a driver's licence, a chip truck and a kick in the ass.
Damn!!! You'd give them a truck and not make them buy their own? Too soft on 'em...
If it doesn't work the first time. Ain't no sense on trying it a second time. It was either accounting, econ or finance. Accounting was boring as hell, but there sure were some good ol' gals in there when professor was babbling about GAAP/IFRS principles.
He's got the right idea - doing mans work with the machines beats paper pushing any day of the week. But then again from age 5 they said w/o college degree you'll be working at mcdonalds.
I have a high school senior with no decision on a college major. Trying to convince him to be a ski bum for a year to sort it out. Rather float him some food money than sticking him with $30-$40k in debt for the same "education."
If I'd have done the ski-bum thing I would have probably never gone to college. I decided to go to community college (about as close as one can get to ski bum) for one year then went and got my B.S. in Electrical Engineering. My Masters part time while working. For me the risk of enjoying the party/no responsibility lifestyle probably would have been too strong at that point in my life to have made the decision to get the degree. I've always loved designing/building things so, for me, it was the right move. If he takes too big a break and starts liking earning money he may never go to college. For a useless degree that's a good thing. For a degree that will get him somewhere it's a waste.
That's the best advise a father can give. Tell him to get a shaggon wagon VW Bus; sell the lifestyle. Anything is better than the $40K dollar debt.
Brother is a HS senior and the counselors are pushing college so HARD.
Good plan or tell him to go to the local CC until he decides what he wants to do.
Very few jobs out there for US citizens with engineering or computer science degrees. Nursing, much better, but even that has its limitations being so reliant on government.
I graduated 2 years ago with Econ degree. I worked in oil/gas as a hand before being laidoff. Still coasting at ma and pas. It is what it is.
But hey never met a girl that can cook as good as ma.
As far as the cooking goes, don't hold your breath. I am on wife #2 and lived with two others for a good period of time.... None of them can cook as good as me. My advice would be to watch ma and learn from her because most women have no kitchen skills these days. I don't mind the cooking, I get to eat what I want, I have a few drinks while doing it and the kids complain less because they like mine better than moms. WTF... She gets to clean up the mess.
Don't hook up a woman that does her nails. Look for an "old timey" woman. I have one that's not eat up with that womens lib crap and wants to be a home maker. You will not find one in the city or in a bar. Sorry girls but it is what it is.
The list of things of which women are no longer capable of is growing.
My wife grew up as a southern girl. If there's any sort of roadkill, seafood, or fowl she can cook it. Not well, but she can. She has a problem with cooking veggies into mush. I'm the better cook, but she feels she needs to do it as her role.
I can bring anyone into the house for a shitty meal and she wouldn't bat an eye.
Over time, she's 'adopted' abandoned teen-agers that we incorporated into the household for a couple years to help get their shit together. First time was when we were still in our twenties. If I brought home a young person, of either sex, she wouldn't think twice about assigning them a room for however long it took to get them on their feet. (The only time I did that was for my son's girl friend who's mom left the family to move in with some guy and she was the step-daughter to the dad and he didn't want her there anymore. At 14, that's a pretty shitty deal. And she stayed with us another two years after she wasn't his girlfriend anymore. We still stay in touch.)
My wife churned out 19 eagle scouts over eleven years, and was officially credited with three because she didn't want to be a registered Scouter up until the last four years of our twenty year involvement. (We're on break, as of a two years ago, waiting for our first grandson to pass Kindergarten...if he's anything like his dad, he'll be eight by then.)
I graduated 2 years ago with Econ degree. I worked in oil/gas as a hand before being laidoff. Still coasting at ma and pas. It is what it is.
But hey never met a girl that can cook as good as ma.
I graduated in 1995 (I think) with BullShit in Accounting and 75% of a Masters in some shit like Professional Accounting. After graduating I started sending out resumes. As luck would have it, I landed a job as a division controller for a pretty large telecom infrastructure company. I won't mention Mastec, because they were a weird outfit. They fired me (took time off to take wife to airport to see her mom), hired me back as a consultant, to train my replacement and assist in implementing software I advised against (the shit crashed in the training classes) to counter the Y2K hysteria and paid me four times what my hourly equivalent was.
Moved to a couple different jobs until I'm where I am now. Corporate Controller for fifty entities that involve mining, ready mix, concrete recycling, steel sales, steel fabrication, real estate, apartment management, and, recently, not one of the fifty, house flipping for the owner's son (who's made a killing in this).
If you have experience working in physical concrete (I have, but only hand mixed, out in the middle of nowhere, as a kid.) AND can understand the numbers, then you have a remarkably stable, relatively boring, and safe position as chief bean counter at any company similar to mine.
Learn the reports that are expelled by Command Data or Clear View, Learn excel Macros to convert those reports into a usable excel file, and you will achieve the dream of a stable, mediocre life. Not that I'm a poster child or anything; but being able to convert text into an actionable journal entry within minutes instead of manually pulling shit out of printed text, thousands of pages long within days, is a huge step forward for your career.
Being able to do that conversion for pretty much anything is a side job that earns a premium.
Concrete? Excellent. Post your resume as this is much needed around the world. Forget the Econ, we've got Krugman.
We've got thiefocracy.
Life is funny. Many of us don't end up doing anything like we envisioned for ourselves while in college. I've personally known two highly educated and experienced guys who worked for a time as long haul truckers. One guy had been in management at IBM for over a decade, and the other had lots of commercial real estate experience and a Harvard MBA.
Concrete may not be glamorous, but there's a lot of money to be made there. I knew families when I was growing up that had made fortunes in Roofing and Plumbing.
Count your blessings that you're not schlepping direct tv at walmart. That would suck...
I don't knock long haul trucking. I kind of figure it's my retirement plan once (if) I hit 75 or so. I won't be out chasing tail, the logs will be prescise due to my being an anal retentive accountant, I know how important it is to be on-time, in spec, with all documentation, and I'm finding that I'm less prone to aggressive road rage due to incresing flabbiness, and I won't be in a hurry to get back home to some hot wife. In short, I'd be the ideal long hauler.
Could someone please explain why a quarter-point rise in the interest rate would do anything?
For you directly, not a fucking thing good.
The banks will say the cost of funding went up and rise your fees and charges, start charging you interest on your deposits and claiming that since their gross margin is declining, raise all spreads substantially over libor, FF, etc.
Then as profits disappear (due to losses on shit) fire people and claim government bailouts causing your taxes to be raised.
Better?
Banks used to be able to pay 3 percent on deposits and issue loans at 6 percent and make money for their shareholders. What happened and why can't they go back to those days?
Pre-repeal of Glass Stegal, the bidnez of banks was banking. Borrow at 3% and lend at 6% as you say. That makes good steady money but boring money .... no shoot the lights out big money killings.
Plus every banker thinks he knows every business because it's all finance.
Every banker thus thinks that Investment banking and Dealer activities are the tits because it's not boring and can make a killing.
So they got into those businesses. Which they actually don't understand with a few exceptions (JPM, etc).
They borrow at 0% and invest/gamble/speculate/screw the Muppets to hit home runs because the Government will bail them out if wrong, nobody goes to prison and everybody gets a bonus.
That's why.
Best synopsis, ever.
The business was too easy, so everyone went into it. Spreads compressed down to almost nothing, and the central bankers, instead of forcing the banking sector to rationalize its overcapacity, decided to artificially lower the funding costs (ie: the 3% paid on deposits became 2%).
Only problem is, today they're effectively at the zero bound. They really can't go lower, but there's all this overcapacity in the banking sector (and many quasi-industrial bankers as well, such as GE) which wasn't eliminated. So not only can't the financial sector grow, but it is likely to shrink severely in years to come. Mean reversion tells us that for periods spent above the statistical long-term average, periods will be spent below the long-term average.
IOW, the only free-standing banks (ie: banks that aren't attached to solid industrial companies that have legitimate production and savings) that survive are those that rapidly cut their compensation and expenses to the bone, and leave them there for the next 10-20 years. Most of the TBTFs, with their bloated compensation and bonus structures, have no chance whatsoever. The 30-year chart of the US banking sector 30 years from now is likely to resemble the current 30-year chart of the XAU index -- ie: very flat.
But they actually CAN go lower. The Swishes are proving it with negative rates (as one that remembers the eighties with 25% interest on 10 year CDs)...WTF?!!
Because the RELATIVE change in rates is more important than the NOMINAL change in rates when forecasting & calculating defaults (and thus pricing).
Myron Scholes made the same mistake twice, and still hasn't corrected his math or given back his big award...
Not quite the right thread, but its simple really.
Imagine having 100 dollars in your pocket, -1000 in the bank, and $1000 in stocks that return 10% a year (yes that's a negative as in a loan). Lets say the loan was structured near zero (lets say 1%), as it is for many of these financial companies. Your entire profit is based on the difference in spread: that is, you lose 10 dollars to the bank every year, but gain 100, so your net gain is 90. Now imagine, you use this 90 to take out another $1000 that you will invest in the stock market. It all seems good and you do this year after year until your debt to asset ratio is 6 to 1 (very standard ratio). Now, lets say the Fed raises the interest rate, signalling that the time of easing is at an end. Your debt repayment each year now rises .25% (if youre extremely lucky, could be more) which may not seem like much (2$) but this is multiplied by the amount of debt you leverage to your assets. So in actually your paying an extra $12 (an extra 1.5%) a year.
Also remember that this has a domino effect: the banks will push the interest rates to their customers, who in turn will push it to their customers, etc etc. Then, also realize that because debt is now worth less (because you have to pay more for it) this cascades into the stock market, and pushes yields lower. So even though you may only pay 1.5% extra, you are now only making 7% instead of 10% on the market, AND you have to pay an additional 1.5% off the first $1000 loan you took out. So now your only making $60 instead of $90 (kinda bullshitting the numbers but you get the point).
Basically, for all the financial machination companies out there, even .25% is a huge deal because it highlights, above all else, that the days of record growth and profits have ended (because they cant take out loans at near zero interest).
Thanks. If you are not leveraged out with borrowed money, as in a 401k or IRA with stocks that pay a stable dividend, there should be minimal impact? Also new issuance corporate and government bonds should reflect the higher rate? You may have to hold a current bond at a devalued price because of the rate rise but you will get your money back at maturity and can buy new bonds at the higher rate?
A large amount of the US economy is leveraged to long-term bond prices. So as those bond prices go down, so do correlated asset values, and thus, the collateral that underpins the banking system. Capital in the banking system is destroyed, driving up funding costs. Higher funding costs feed higher inflation as capacity eventually depletes. Eventually the economy is in a full inflationary mess as the foreigners start trying to cash their bonds in before the whole mess gets devalued too badly.
How many women age 18-34 are living in the basements of our Politicians and Banksters?
Are you sure you want an answer - May have the subset - How many are in shackles?
I knew some 6ULDV8 would get it.
Bill has a plethora of them and Hitlery calls them bimbo's. Her war on women is just while your war on women is not civil or politically correct.
.....in chains, as sex slaves???
If you mean their actual daughters, very few. There will always be demand for them as trophy wives for business associates.
One day we'll find out how much Chelsea's virginity went for at auction.
I assume the bulk of basement dwellers are sub par mentally - or at least socially. There is at least one reason why men do worse than women. While the mean IQ of men and women may be about the same, the strandard deviation (spread) is a good bit higher for men. So there is a higher proportion of men in the "dumbass" range than women. (Conversely there is also higher proportion of men in the smart ass range.)
Looks play a big part too but that's another topic.
I use the retarded ZH typo checker and still end up with "strandard"
When 'standards' are 'stranded', you get 'strandard'.
You know, like the employment numbers are 'strandard'.
I think we need to throw retard into the term so it would be restrandard for the really dumb ones.
That doesn't even make sense.
Most women are total retards, IQ notwithstanding.
Women who cannot double park are criticizing men who put space vehicles on space rocks, because they don't like their shirt.
We are in the dark ages when it comes to the gynecocracy.
Ah, you're a lucky man. Women are dying younger. The modern woman's life of fulltime mother and employee, wife and lover, maintaining a home, paying the bills, grocery inventory, meals 3 x a day, clothes for growing kids, hair/make-up/gym, be smart, fun, energetic, wear big diamond and say the right things, have the right things, and shrnk into the plaster wood if things do not work out. "She can't cook!" Heart attacks and strokes. The pressure is enormous. The strongest woman receives salutes from all. "Look At Her Go!" Our society is dysfunctional. It is no wonder women have affairs. they have to remember who they are with a stranger who passes no judgment. Spectator sports and men lounging around with a drink in one hand, watching their wife attempt to keep up with the expectations from the American Female like she was in a horse race to her grave. There are a lot of good women but they are so busy, you never see them for long.
The reason more women than men live away from their parents is their ability to pay for alternative living arrangements with sex. Not really an option for guys unless you enjoy smoking pole.
Feral African males who can't hold an honest job and live off mama till they wind up in prison or an a shirt have always been a problem. The real problem is working class white men perfectly willing to work but whom nobody will hire at any wage.
Very true, especially in the tech sector where the resumes of white men are thrown out summarily. Apparently wanting to live a middle class life in America in exchange for honest work is too much of a crime for the entitled class to tolerate.
The smartest and the dumbest live at home. Both ends of the curve.
This is not a problem here in Las Vegas...honest...
...we don't have basements.
Florida also has no basements.
With 18 million and counting, thats a lot of kids not in basements not in this slimeballs numbers.
Cause its the kids fault they don't have jobs.
Not the parents, who sold their freedom for security....
"the number of Californians aged 50 to 64 who live in their parents' homes swelled 67.6% to about 194,000"
http://www.zerohedge.com/news/2014-04-22/welcome-recovery-and-your-paren...
It was the weather (Climate Change/Global Warming) It is cooler in the basement.
Where else would you expect a fuck'en dope to live? And I'm willing to bet the majority of these dopes have at least two kids from two different dada's and the working stiff is paying for their food as am well as cash benefits, and one of the two sperm donors are in jail ...
It's rent combined with low wages. Any rental that isn't in the ghetto is expensive these days. Either you live in a place that's unsafe or you stay at your parents' home. I suspect that it's more of an issue for women given the safety problem.
Well, I sure don't want my 23-yr old girl living in a ghetto full of nigger dope fiends.
She is safer at home with Daddy and Mom.
Plus she works and goes to school.
The older one lives with her motorcyle-gang nurse boyfriend who makes big bucks. They take good care of the small fry and she carries a piece everywhere, so she is OK, too.
Cool, you all should get a reality TV show. I would tune in :)
Men's orgasms inside female wombs have always been prohibitively costly to men AND women, but now they are even more so to men since the 1970s-80s.
Only 7% of men earn enough after tax to afford a mortgage, spouse, children, and to save for college costs and retirement; and just 2-3% of women can afford the same.
Aggregate the percentages, and no more than 2 out of 1000 couples can afford what we have been conditioned to aspire to as bourgeois types since the 1920s-30s to 1950s.
Therefore, if a young man OR woman were to understand the 2nd-, 3rd-, and 4th-order Pareto distributional effects of our winner-take-all system, none but the most stupid would be moving out of their parents' house, breeding, and becoming hopeless debt slaves and facing a divorce rate of 50% by year 20 of marriage and a 70% rate for ALL marriages (second, third, and more).
My advice to Millennials: Males, get snipped and f&$k marriage, breeding, and debt servitude, and just f&$k without reproducing yourselves.
"Only 7% of men earn enough after tax to afford a mortgage, spouse, children, and to save for college costs and retirement; and just 2-3% of women can afford the same."
Mutliply that 7% with 50% and you get to 3.5%. Why multiply with 50%? That's how many idiot guys end up divorced and of course, she takes half your shit and the kids and the house you've been paying for.
It doesn't mean the economy is tanking, it just means people love to spend as much time as they can with their family.
HHHhhmmmmmm, decline of kids living at home begins as US exits Great Dpression.
HHHhhmmmmmm, increase of kids living at home as we enter the Greatest Depression.
Move along now, move along.
This is now becoming common in Sweden, where once youth found new lives easy to establish. But when every flat in Sweden is alloted by law to Migrants, native Swedish youth are told to "fuck off", we need this housing for migrants.
And so it goes. Nations eager to please the United States will shaft their own people over and over. Europe is so busy taking orders from Washington, there is no time for their own people or economies. Like Finland. Dragged into stupid sanctions on Russia, Finland has now shafted it's farmers who exported to the 144 million person Russian market. Finnish milk, cheese and dairy products are banned by Russia. So thousands of farmers are losing evrything, all to service Washington and Brussels.
The Yuan will ascend; the Euros will eventually tell Uncle Scam to fuck off (I hope).
Why they won't revolt against Vichy is a big mystery, but you are right about them shafting their own folks.
I am married with two kids AND all of us live at my parents house. My 72 year old mother needed help caring for my 93 year old grandmother after my Dad died, and living on our own in America was going to be a huge financial struggle with my income. Because everyone gets along it is the best of all worlds: Grandma did not have to be shipped off to a nursing home that would cost several thousand dollars a month, so my grateful aunt gives us a small stipend for her care. My mom gets to know her grandkids and doesn’t have to live alone, which after 40 years of marriage scared her a lot. And my husband and I don’t have to live in poverty so 50% of income goes to rent. So we have a lot of blessings: time to spend around the kids, disposable income to spend on oyster dinners or overseas vacations, no debt and savings that slowly but surely is rising. After doing this for over a year and realizing how much help my mom needed just to water her grass or check her oil or fix her swimming pool I am shocked that so many kids in so many families don’t do this and insist on living alone. I mean I’m a little older and not your average snowflake leaving dirty laundry on the floor here, but still doesn’t anyone run the math? I’m sure there have got to be some married folks in the numbers….
Now why the financial ponzi scheme is really screwed is because of people thinking like me. All of what I said is demand destruction, because we don’t need an apartment, new furniture, childcare for the young ones or elder care for the old ones….all those jobs lost…
Be grateful that you have family to hug.
Precisely.
My siblings are hugging there phones and facebook and whatever else is
valueless. I am certain of only one aspect, as I do not hug phone or digital
friendships.
I am wrong.
OK...digging deep into my sources from the BLS..understand that owner equivalent rent (OER) has been going up too fast ...causing inflation to bump up...so in an effort to contain this the BLS has decided to define a new category...owner equivalent basement rent...
since this number is much lower than the usual rent...the BLS combines this figure with their usual OER..and by magic the rent figure goes down...the Fed is happy because inflation is being contained..the BLS bosses get a bonus for solving a complex accounting housing cost problem...Congress is happy cause they get to spend more money using low interest rates...what a win win situation...and folks that's how our "new normal" economy works...
I just got off the phone with the NAR..they are pissed that millennials are living at home in basements when they should be out buying a house..screw the student loans...Obaba or Hikkery will just forgive the loans as investment of future infrastructure...but I digress... anyway I asked the NAR...what are you going to do about it..thought I had then cornered..but they gave me a very reasonable answer...they are recommending that all future housing structures have no basements...
Vibrator sales must be brisk
There are as well, organic stoopid size cucumbers in every grocery store.
ovomit & the demonrats have succeded!
Most of these idiots voted for the Ovomit and Dumbo's. Shows how inbred Americans have become
American Exceptionalism, Pussfication of America.
Just speaking for myself, I hope several of my children stay at home with their spouses and fill up my house with grand children. I wish I had a a very big house, like a Viking long house, so I could build a village with all the people dear to me (10s of progeny and dear friends). Even my two-year-olds sing beautifully (it like an opera around here sometimes) and I'd like to create something like the Van Trapp family
Who wants to marry entitled biotchez who dont know how to cook, have and raise children???!!!
Those guys are brain damaged. You bang those biotchez and show them the money, you don't give it to them and you sure as hell don't marry them.
A lot of those Millennials aren't living with their parents, they're living with a parent. For Mom & Pop the divorce rate is now over 50%.
In my youth the divorce rate was much lower, and a lot of parents stayed together in a state of constant war. Their marriages suffered from excessive drinking problems, money problems, fidelity problems, domineering asshole problems, hideous shrew problems, lazy ass non-breadwinner problems, idiot prying mother-hen problems, etc. The parental home was a war zone. As soon as the kids turned 18 they got out the Hell out of that nuthouse even if it meant living in a dump with three roommates.
Houses and apartments are twice as big now too (in general); there's more room for everyone to breathe.
If you account for people like "Phone Star", that number would be exponentially higher.
Broads can't even make $5.oo Euros/hour renting out thier pussy in Greece...now we find their true market value.
Price discovery.
Notice that the number of 25-34 year old men stuck in Mom's basement has been rising since the 1960's.
The number of 25-34 year old women moving back into their old rooms with nothing to show for their four years of "self-discovery" but a useless LAC degree and genital herpes only began to rise in the mid-2000's.
In other words, this is only a crisis because the economy has begun to run out of make-work Girl Friday jobs for the daughters of the upper-middle-class to do while they waited for Mr. Right to show up. Only so much work coming up with mission statements to be done.
It's harder for MSM editors-in-chief to ignore the problem when it's their own princesses who can't find a husband with a stable income or a job that doesn't involve overcharging people for burnt coffee.
+100 for writing style.
Please, please post your versions of an LAC degree course synopsis and a Starbucks Mission Statement.
The LAC core curriculum course syllabus will have to wait for a day when I have more energy.
As for the Starbucks mission statement, I want to believe the real one was someone's idea of a joke, because I couldn't outdo it if I tried.
http://www.starbucks.ca/about-us/company-information/mission-statement
Read it aloud. You laugh, you lose.
I could not finish the 1st sentence!
Feminism in a nutshell:
(1) Demand that high-pay, high-status jobs be taken away from men and given to women.
(2) Complain that women can't get married because there aren't enough "good men" i.e. men who still have high-pay, high-status jobs.
I never understood feminisim.
Women seem to have a knack of getting their own way no matter what the circumstances. That is life.
Over-40 women who've failed to land a husband tend *not* to get their own way, because there's no one to get it *from*.
That is true. The over-40 women I know who want to get married have loads of prospects; plenty of guys still want to get married. But the guys have terrible jobs, or no jobs. The marriage has to be truly one for love, as a partnership for survival. If the women want to "get something," they aren't going to get it from such guys. So I don't see a lot of those marriages happening; one can draw cynical conclusions. BTW the over-40 single women I know didn't want to get married earlier; they could have "landed" a guy but they kept putting it off; I don't know any that really regret that; I think that is a regret of yesteryear. I do see a surprising number of marriages of over-40 women to much younger men (who have lousy jobs); maybe those guys have something "extra" to offer.
I think that the 100 million girls that the Chinese/Indians aborted (yes, that is the current estimate) are actually affecting the U.S. marriage market; I'm seeing what I think is spill-over here in CA.
luckily in addition to our primary residence we also own a condo couple miles away the kids can move into when they're 21!
yeah, I play the long game... :D
I am glad more young men are staying single and are out on that shit show of marriage.
My only disappointment is that it has not dropped to a more natural 0% marriage rate by now. One can only hope.
Stay fucking single and enjoy your life fellas.
Just say NO!
I'm not getting married because I can't afford to have a household. One of the reasons I lost my gf of 6 years.
BS! You never hear that crap from Juan or Tyrone.
Learn to budget, stop wasting money on mundane crap, set priorities, and above all never stop improving yourself.
Now, get off your ass and get to work!
You can't wait. If you keep putting off marriage and kids until you are making a 6 figure salary, drive 2 $70000 cars, and have bought a $400000 house ... Well, for most of you, you're just never going to realize that pipe dream.
Best to accept the new normal. You and your wife, your 3 or 4 kids, your brothers and sisters and their kids, will ALL have to live with mom and dad, and also your 4 grandmas and grandpas, and maybe the GREAT-grandmas and GREAT-grandpas.
This is how it is done in most of the developing world. This is GLOBALISM that we are told to embrace. The great leveling. Enjoy!
Nearly all of the job creation in the tech sector went to foreign nationals on the H-1B over the past 15 years. Formerly this sector would have sucked up quite a few of the bright young kids who are now relegated to the basements. Sending in their resumes only to have them see black holes.
With such an incredibly computer literate population these days, its scandalous that "corporate America" even wants to import foreigners.
https://www.youtube.com/watch?v=uwQL9ZzJTX0
Americans have been conned into everyone must go to college. The economy can only support about 30% with an advanced education. By drinking the kool aid, whose only purpose is to fill seats and indoctrinate, we have those kiddies not working or working in jobs that do not need an advanced education. I've looked in many areas and there are lots of jobs out there and have been for over a year. If it wasn't for the help wanteds the local paper would go out of business. Almost all of those jobs are blue collar jobs. Most of the kiddies that went to college did so with the expectation they would never have to get a real job getting their hands dirty but would land a cushy 8 to 5 behind a desk. Thus all those blue collar jobs are going unfilled as we are now too good to work. For years the academics pushed their agenda that Americans would be the brains of the world, thus the emphasis on higher education for everyone, and the other countries would do the grunt work. Like all intellectual fantasies they got destroyed by reality. Not to mention their arrogance and ignorance that other countries would rather be beholden to the US rather than develop their own people.