52% of Young Adults (18-29) Live W/ Their Parents: The Highest Rate Ever Surpassing Even the Great Depression

[mplsdunk]

A proper high speed rail would solve so much.

you’re right but I’m imagining a bullet train from Des Moines to Minneapolis.

 

[Comparison Ford]

Buying a home with one income on Long Island has become close to impossible for about 97% of people, especially if you don’t have any assistance from family. By the time I left my last apartment I was paying $2100/month for a modest 1-bedroom.

Fortunately my parents decided to buy a mother/daughter home and are letting me live in my own space for a few hundred a month so I can save up while my girl finishes PA school. If I didn’t have that privilege I would be in a position where I couldn’t even think about making a down payment in any foreseeable future.

 

[mplsdunk]

This is the hidden hours that alotta ppl don’t factor into pay when they got a crazy commute…You only getting paid for 40 but your whole work week really 55 hours

Those types of ppl better stop playing and get on that work from home wave

we got dudes at my job who have those massive campers you need a diesel to pull and live in them all summer and come up from Florida. They got granite counter tops and ****.

then when it gets cold they go back home where it’s warm. That’s commuting done right if you don’t have a family.

 

[frshstunna]

Rigged against young people? How so, meaning in what ways that dont apply to others?

Idk bout “rigged” …But the cost of living/pay ratio is unbalanced like never before, housing/rent prices have skyrocketed, and the social programs that were in place to help old folks and boomers get ahead and buy cribs back in the day haven’t been around either

The same ppl that used the govt to cop cribs and go to school for dirt cheap got old and vote/lobby against these type of things now calling em “handouts” and “socialism”

 

[cosmiccoffee9]

Rigged against young people? How so, meaning in what ways that dont apply to others?

well I'm 33 so the "credit score" itself is about as old as I am, give or take some months.

then I went to college in 2005 just in time for the market to crash a few years later.

then there was--sorry, is--a whole *** pandemic shaking up every process in human civilization...weird job market.

all while atomization of the workplace has ensured my* great-uncle, an IBM janitor, still gets his company pension while my younger cousin with the exact same job in the same building has to work with a contracting company without benefits and save his weekly paycheck for his own retirement at 85...maybe.

...and that's before we discuss the robots coming to take almost all of our stupid busywork jobs in the next 10-15 years.

so yeah, field's a bit slanted for our generation...somehow both frozen and on fire too.


*edit: great-uncle and younger cousin for illustrative purposes only

 

[mplsdunk]

That’s really the only reason I got into construction. You don’t need schooling for the most part and it’s all union here.

it sucks I lose my whole summer but I gotta eat man.

 

[frshstunna]

A proper high speed rail would solve so much.

Another issue which once again the old folks in charge in the way of this which negatively affects the younger generation

 

[mplsdunk]

We gotta stop electing old *** dinosaurs.

 

[Mark Antony]

So much **** we should have had long ago. America isn't who it thinks it is or was.

 

[mplsdunk]

The young politicians in mn at least are total clowns too.

mayor of Minneapolis can ead, ilhan Omar who I like for the most part called members of my union rapists. Like come on man…

I don’t like the pipeline either but you can’t just call them rapists for no reason.

 

[Air Champa]

I drive 30 minutes into my place of work. Can get there quicker on some days. It just depends on traffic. I wouldn't live in the town I work in. It's just way too wild for a place this size. Somebody getting shot or robbed nearly every damn day.

Good thing is you can find a fixer upper homes for under 100K in the small towns a little out the way. Can even get a two bedroom home in good condition for about 75K. You're still within driving distance to a major metro area if you're looking for something to do on the weekends.

I know people (mainly in the medical field) who drive over from Houston to here for work. That's nuts. An 80 mile trip plus Houston traffic when you get back home. No freaking way lol.

 

[finessence]

This might by the Floridian in me talkin but….ain’t nobody ever accused Ft Lauderdale of being luxurious.

I agree bruh! Born and raised here but you’d swear it’s the city of atlantis, the way people rave about it.

It’s called the “Venice” of America, smh.

 

[finessence]

It's actually over priced for what you get imo. Theres some fire areas sure, but they taxing in the hoods now too.

Got people in the hood of hoods paying $1600+.... smh

 

[finessence]

That’s every city dawg…any thing new being built is “luxury” no matter what kinda area it is…And you right they do it finesse the out of towners and gentrifyers, while not building anything for the locals

“Crackheads running buck wild” tho, those new folks just gon have to to adjust cuz the junkies don’t care

Putting luxurious condos in the dope strolls and skid rows of every major city

 

[ninopacino]

The video and the comment section highlight the fact that these building are more flammable that the average structure because they are built with wood.

 

[nyc game]

That's troubling. Stuff is just so expensive now and it seems that jobs are paying less and less

Inflation of good and services rise exponentially every year yet the wages have bee staying the same. The influx of customer service and sale jobs over the last decade, and a decrease in jobs that used to get paid a decent amount and you didn't need crippling college debt to apply for .

Are people really surpsied this is now the new norm?

 

[ninopacino]

Where I messed up in choosing my career path is not realizing how long it would take to reach the upper quartile percentage salary you see on salary guide for my field (marketing). By the time you hit that 100k+ salary, the buying power of 100k is like 80k (ties into what they call net present value in finance class) Then... the only way you get the salary bump is to exploit every company for 1 or 2 years and then jump ship because raises are rare af. Then throw in a pandemic or economic collapse or two, and Inflation jump up past the average increases. The result.. you reflecting on life like... how in the hell was I supposed to see any of this coming when I never had mentors, coming from a single-working class parent home? Go to college they said and you'll have a nice home and loyal/content wifey and a loaded retirement plan they said... Shiid, we're trying dawg, but trying sounds like crying. (us millennials).

 

[therealest1]

It should never be seen as a taboo with grown people who still live with their parents if they're trying to save money, especially in the current era.

As long as they work, it ain't a problem for them to live with their parents because it's hard out there. Now it's only a problem if a MF doesn't work, just stays home all day and watches TV or plays video games, or does anything unproductive.

You basically have to be a millionaire to live comfortably, especially in a big city. It's impossible to live comfortably for anyone just trying to make ends meet realistically.

It sucks in society now with how rents are too damn high. Or mortgages have been hard to obtain now predicated on predatory lending that easily granted loans to broke MFs that naturally caused so much delinquency in a bygone era.

It's sad to know that college graduates have to actually move back in with their parents because they can't find a job, or their jobs don't pay high enough for them to live on their own. What compounds the problem is student loan debts won't enable them to afford to live on their own after graduation even if they get a job.

That's why parents and schools need to stop making it seem like a stigma for people who don't have a degree. Kids have felt pressured forever that they're either a failure, loser, or f up if they don't graduate college. "A degree will guarantee you a job and high pay" concept has been outdated. It was somewhat valid so long ago, but it began to die out by the mid-'90s I noticed.

Parents and schools who instill that graduating college is the magic solution for everything are ignorant because they're providing the wrong advice by not elaborating there's going to be debt with student loans after graduation. They make it seem like going to college is free and will solve all of life's problems. A lot of people who are in college or graduated actually aren't smart enough to deal with things properly in real-time or the real world. Being book smart doesn't equate to having life smarts, which is more important.

If college graduates can't afford to live on their own immediately, then that degree was a waste of time and work. And that student loan debt will be a financial noose for a long damn time.

 

[executive76]

We gotta stop electing old *** dinosaurs.

A politician is a politician. Red or blue. Old or Young. Look at that character AOC. Yeah the old ones are worse but if they actually did their job or the stuff they promised there wouldn't be any need for them or they wouldn't have so much influence/power.

Even if they have good intentions once they get inside you either get down with the program or get pushed to the side.

 

[mplsdunk]

I agree bruh! Born and raised here but you’d swear it’s the city of atlantis, the way people rave about it.

It’s called the “Venice” of America, smh.

you got mf’ers here too acting like this **** is manhattan or something. Like calm down bruh. We’re in mn.

acting like it’s a badge of honor to live downtown. So you paid 800k to have a crackhead riding down your street naked on a longboard? That’s the view you’re talking about?

I never saw some **** like I saw these past years with all the offices closed. It’s wild out there. With most the people gone going to work everyday.

 

[mplsdunk]

A politician is a politician. Red or blue. Old or Young. Look at that character AOC. Yeah the old ones are worse but if they actually did their job or the stuff they promised there wouldn't be any need for them or they wouldn't have so much influence/power.

Even if they have good intentions once they get inside you either get down with the program or get pushed to the side.

I don’t agree that they all are the same, but I can’t fault anyone for being mad at the system.

a lot of them are straight up clowns we got our Democrat governor posting thoughts and prayers as the police gun down another un armed black dude and telling protestors to go home we’ve had enough. The city wouldn’t get destroyed if you put a leash on the police but that’s a topic for another thread.

 

[executive76]

I don’t agree that they all are the same,

Beyond the talking points and surface level stuff what's actually different?

One side "backs the blue" the other side wants to move some money around that still won't end up where it needs to go. Cops have other cops, unions, boot lickers/uniform worshipers and politicians they're the ones holding the leash.

 

[mplsdunk]

Voting rights and how they’ve handled Covid for starters.

but yeah bootlickers of any type disgust me.

 

[Belgium]

I'm 27 and most of my friends around my age still live at home, myself included. Those older than me either have their own home already or are saving up towards it.
I've never really known anyone to look down on living at home for a long time unless the person is just mooching off their parents and not contributing to the rent and household tasks.

 

[moderndarwin]

We’re gonna have great VR soon. Just watched a video on it. Going to buy a 1 bedroom apartment in an affordable place and put the VR on for 1-2 hours and live in a mansion if i ever feel cramped.