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Study: Record Number 21 Million Young Adults Living With Parents

Dave_BerryDave_Berry CC Admissions Expert 511 replies3082 threads CC Admissions Expert
edited August 2013 in Parents Forum
"A record number of young adults are living with their parents.

A new study from Pew Research finds that 36 percent of Millennials – young adults ages 18 to 31 – are living at their parents’ homes, the highest number in four decades. A record 21.6 million young adults were still living at home last year."

Quite a few.

Study: Record Number 21 Million Young Adults Living With Parents « CBS DC
edited August 2013
104 replies
Post edited by Dave_Berry on
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Replies to: Study: Record Number 21 Million Young Adults Living With Parents

  • MD MomMD Mom 6644 replies84 threads Senior Member
    I have two at my house now. One will be going back to school in the fall, and I hope the other will be employed.
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  • BeliavskyBeliavsky - 1166 replies87 threads Senior Member
    So what? American homes have become bigger and more expensive over time. What are my wife and I supposed to do with a 4 bedroom home? As long as my children are studying full time, working, or seriously looking for work, what's wrong with their being with their parents? In some cultures children commonly live with their parents until marriage, and parents are invited to live with their children when they are old.
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  • whenhenwhenhen 5530 replies111 threads Senior Member
    Because it shows that millennial can't get a job that pays well enough to live on their own. That's kind of a big problem.
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  • ace550ace550 1064 replies62 threads Senior Member
    I plan to tell them that they need to pay the rent and food three months after graduation from college. You can give the money back to them when they are ready to move out. They need the pressure to earn a living. Go watch the movie "The Company Men". It is not pretty and will happen again.
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  • halcyonheatherhalcyonheather 8774 replies212 threads Senior Member
    Some people inherit their parents' houses and live there. My dad lived with his parents until they died, but he wasn't freeloading off them or anything. He still lives in that house.
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  • VladenschlutteVladenschlutte 4292 replies37 threads Senior Member
    There are more people aged 18-31 in the US than there have ever been before. Why should someone here be surprised, intrigued, or expecting anything else? And yeah, it raised from 32-36% when people can't get loans, can't find jobs, going to closer schools, etc.
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  • stevensmamastevensmama 673 replies14 threads Member
    We've made it clear to S that this is NOT an option. He'd just go back to his usual mode: parked in the recliner, watching cartoons. I'd love to have him living nearby, but not in my house!
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  • VladenschlutteVladenschlutte 4292 replies37 threads Senior Member
    We've made it clear to S that this is NOT an option. He'd just go back to his usual mode: parked in the recliner, watching cartoons. I'd love to have him living nearby, but not in my house!

    What if he had a full time job and wanted to save up a little for a downpayment on a house?
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  • MyNameIsCoreyMyNameIsCorey 123 replies17 threads Junior Member
    My history lived at home for a year after getting his masters degree to pay off his student debt. Doesn't seem like a bad situation under the circumstances.
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  • Kennedy2010Kennedy2010 646 replies19 threads Member
    My S is a rising senior in college and D headed off as a college freshman in the Fall. We are downsizing and moving to a small condo at the end of August. Just makes sense people.
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  • amarylandmomamarylandmom 623 replies8 threads Member
    I really think it depends on the child. I'd be petrified of my oldest moving in with me after college for fear he would literally do nothing, and I'm not sure I'd ever have the emotional wherewithal to kick him out.

    I'm hopeful he will have a job when he graduates college, but my plan (in the back of my mind) if he does not is to give him one year's worth of rent and let him go figure it out from there . . .

    The message we've given him pretty clearly though is that moving back home after college is not an option. Once my youngest is in college, I'm planning to seriously downsize as well - - so it probably won't be appealing in the least.
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  • glidoglido 5987 replies25 threads Senior Member
    With over a $trillion in student-loan debt, something had to give . . . the apartment.
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  • Kennedy2010Kennedy2010 646 replies19 threads Member
    Exactly! We will still have 3 bedrooms - but nothing as lavish as they had grown accustomed to. Not much incentive for them to move back.
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  • MaineLonghornMaineLonghorn 42268 replies2281 threads Super Moderator
    Our 18-year-old is saving up for a gap year trip. He is welcome to stay here until he leaves, late September. After that, he's on his own, unless he decides to go back to school full time. He has a full-time job, but he missed two days week before last, one day last week, and he called in sick again today. He doesn't seem to "get it" that he won't have a job long at this rate. We're hoping his boss just reams him out instead of firing him.

    Our 21-year-old's mental illness does not make it possible for him to work at this point, so he's living at home. We're just trying to get him through college in six years or so. We applied for SSI and Social Security for him. He is not eligible for SSI because he has a 529 account in his name. He doesn't qualify for Social Security because he's never held a job. I worry about him a lot. It's ironic, because he was the over-achiever I never worried about until he got sick when he went off to college.
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  • barronsbarrons 23094 replies1958 threads Senior Member
    They might have to fight the grandparents for those empty bedrooms. Many parents of older kids are now facing taking care of or at least providing a home for their aging parents who lack enough income to live independently. I know many around my age who have an older parent now living with them.
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  • BeliavskyBeliavsky - 1166 replies87 threads Senior Member
    I really think it depends on the child. I'd be petrified of my oldest moving in with me after college for fear he would literally do nothing, and I'm not sure I'd ever have the emotional wherewithal to kick him out.

    Would you send a child that was so lacking in initiative away to college and expect that he gets something out of it?
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  • Kennedy2010Kennedy2010 646 replies19 threads Member
    Sorry to hear about your 21 year-old MainLonghorn. Of course, there are certain situations where it just makes sense to let a kid stay. I'm just saying that that is NOT my "going in" position!
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  • MaineLonghornMaineLonghorn 42268 replies2281 threads Super Moderator
    Yes, I agree with you, Kennedy!
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  • emilybeeemilybee 14770 replies41 threads Senior Member
    No way is my kid ever moving back home unless something unforeseen happens (like in Maine Longhorn's son's case.) If he doesn't have a job before he graduates he has to pick a big city to move to and look for a job there. I don't even care if all he can get straight off is a minimum wage job while he looks. We will happily subsidize his living expenses for as long as it takes.
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  • DGDzDadDGDzDad 479 replies23 threads Member
    I'm with Kennedy2010... when our youngest, DD4 heads off to college, we're downsizing to a 1bd condo. Sorry guys, no room for you here! You're on your own!
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