Why Young People Still Live With Their Parents
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- Опубліковано 21 лис 2024
- Asmongold Reacts to: Why So Many Young Adults Are Still Living With Their Parents In The U.S.
by @CNBC • Why So Many Young Adul...
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Job: Everything you learned in college will be useless for this job.
Applicant: But I didn't go to college.
Job: Well then you're unqualified.
This is just a legalese way of saying they dont want to hire you.
Under the law you can't just deny someone a job based on nothing, you have to put forward an actual fact based reasoning for why they wouldn't be a good fit.
So just lie and say the are underqualified, then the person can't sue for unjust hiring practices.
Job: you meet every qualification for this job.
Applicant: did I get the job?
Job: sorry, you’re not what we’re looking for at this time.
Job: Sorry you got the wrong skin color 😔
@@Garl_Vinlandall too damn common
entry level jobs require 3 years of experience now...
No one talks about how upper muddle classes who live outside their parents home are actually being financially supported by their parents.
frfr
How do you comment so fast on every single video with relevant comments?
Me and my wife are in our late 30s, and My wife's father pays for all repairs on her cars/my cars. He is also giving us a shit load of money to put a down payment on our house years ago. I am not complaining but your state is 100 percent true. He has help out a ton. Our annually income is 250k a year.
I’m gen Z and I live outside my parents house with no financial assistance. My parents don’t have the money to assist me right now anyway, even if I needed it. My sister also lives without financial assistance, but she has a roommate because she chose a higher cost of living area.
It isn’t impossible, it’s just on hard mode because of inflation and the lies about choosing whichever major you are “passionate” for. Choose a career path with a good expected rate of return, and consider careers that don’t involve college as well. If you aren’t earning back your student loans in the first decade of your career, then you should consider very carefully whether it is worth it.
what middle class
Remember guys, there is a HUGE difference between living *with* someone, and living *off* someone
Indeed. I'm sure a good amount of kids have their parents live with them rather than the other way around. Is that considered a bad thing? I don't think so.
And sadly with Trump being elected it's only going to get worse.
@@charlespanache7047?
@@charlespanache7047cope and seethe
@@charlespanache7047 sure buddy...
I live alone at 31, and while I don’t make much, I’ve found a balance.
Would rather be broke than live back at home but if you can live at home & keep your mental health HEALTHY, do it.
Especially if your parent actually allows you to save for YOUR future, nothing to be ashamed about. You’re actually lucky
Also, living at home, as a man, for the most part puts your dating life in a coffin
The problem is you're going to be broke your entire life and work a 9-5 well into your 60s and 70s just to be able to survive. That's what all of these people are trying to avoid. Savings aren't just short-term protection; they are lifelong protection. In my country one can only officially retire at 67, and the pensions are not enough to survive with prices going crazier every single year. Needless to say, nobody is living comfortably with that; they either need to keep working just to survive or (if they're lucky) get inheritance assets to help them. Forget saving money for a car or a house you plan on acquiring in a few years; think long term. Nobody wants to be a 9-5 drone at 65.
This right here, just because you can life with your parents doesn’t mean you should. Your mental and physical health is important. My family is very argumentative, dirty, don’t exercise and eat unhealthy. I don’t want that for my life. My peace is more important than saving money.
@justlegendary7294 it puts your dating/fornication life in a coffin yes. You can't bring home strange in hope of getting laid. But you can easily live at home while saving and dating and looking for a women for marriage. No women from my church has given any weird looks to me saying I live with my parents because they all also live with their parents because this city is expensive. But yes when I get married I will move out, but that would be doable because men and women both work these days so affording rent is doable if I was married because of dual income. No point for me to move out and pay rent as a single man just for a room when I have one at home
@@marklujan7591that sucks bro. I am sorry, you reminded me to go say thank you to my parents for being good
As an Asian, I’ve always wondered why Americans seem to have an issue with living with their parents. In Asia, it’s super common and makes a lot of sense. You save money, your parents can help with childcare while you’re at work, and you can help them with things like doctor’s visits. Plus, you’ll probably inherit the house anyway.
American society pushed the nuclear family in the 50s as the norm and the boomers thought it shouls be normal
the so call 1st world problem. yup it is 1st world problem lol. We Asian adept to family oriented lifestyle
IMHO it's designed this way. You can sell 2 households worth of items. Also how are they supposed to fill all these for-profit-retirement homes if people have healthy relationships with their parents.
there is a cultural difference in Asia we have an inclusive culture whereas in Western culture is exclusive.
@@nihalbiswas503 8000% this, its always "you're either with me or against me" here
Homes aren't double the price, they're 6x the price.
They were 3x annual income now they are 6x annual income
They were putting in new housing about a quarter mile down from our house and I saw it every day coming home from work. They were built over Covid and in that four year period they went from $200,000 starting price to 450 K and all of that it just a four year period so I actually had to watch it happen live in front of me when the chain the sign would change every couple months
@TheXxemarosaxx a lot of the new complexes that I saw built over the years 2020-2024 are not vacated and a few are but house immigrants only. (From my POV)
In the past you could by a house for only a couple thousand bucks now you need hundreds of thousands while the minimum wage didn’t really increase that much for past decade or two
@@alexzanderroberts995in my country in that scale it would be around 15-16 years of minimum wage, it’s so doable 😂
Spanish here , 26 , I live with my parents. Average price for housing in my city is about 500k-700k€ , median salary is about 25k€ per year. Yeah.
A vivir de alquiler de por vida a este ritmo en España
Wow. So what's it take to make say, 125k? Doctor? Lawyer? Business person? Who owns homes then?
@@piquat1 Who owns homes? Boomers who hoarded them up to rent them out.
@@piquat1yeah probably
@@piquat1 no one owns homes , from portugal and its even worst 12k year if u are lucky , 10k avarege per year 💀
multigenerational living is better for the society. as the other generations get older they help raise the babies, and the adults can take care of the elderly when they are too old. makes the family closer.
>be asian man
>you are supposed to pay for: your parents, her parents, your kids, and for your wife, on just your 1 salary..
>and you need to buy a house for you all to live in, of course..
This, but sadly boomers fell for the muh staunch individualism meme and think everyone should be paying $1800 a month in rent to "become a man". People complain about American wages not keeping up, but the truth is that families in an ideal world would have had multigenerational homes where they looked after each other. Disposable income wouldn't be an issue if the bills for home were just food and utilities, yet here we are.
Well for the same reason I don't want to live with parents. Cause I am not a caretaker, I have my job and my own life. In the same way I would not want to care for babies when I am already retired. And I would not expect anybody to care for me when I am old.
Also in many occasions, families are that which you would not want to remain closer with (alcoholics/addicts/domestic abusers).
My grandparents: bought a farm
My parents: bought a house
Me: No idea how can I afford to rent an apartment
skill issue
@@simunator actually economy and wage issue
@@simunator what XD
@@simunator say that again to our future children and grandchildren
Your grandparents: bought a farm for cheap in a rural area where the government needed people to move into
Your parents: bought a cheap house in a developing city because the city needed people to move in and work and help growth
You: Probably wanting to live in a big city or the sorrounding area, thinking it's the same playing field for you that already have everything built for you instead of helping build towns and cities like your parents did.
The huge growth achieved by the industrial revolution really did a number on people who still haven't noticed how things have changed and how our grandparents+ lived and came to the place they came. Remember countries in the west were built by people fleeing their big cities and looking to start a better life, then built entire fucking countries that we are now benefitting from.
1997 - UK House prices on average 3.6 times annual salaries
2022 - UK House prices on average 9.1 times annual salaries
In Finland one square meter is approx. one month's salary. So if you want a 80 square meter house/apartment then it's like 6.7 times annual salary. And we are talking about older houses/apartments. Newer ones are about 1.5-2 times higher in price.
me living in the Balkans and realizing that we had 20 year salaries needed to by a house and now we have to spend 30 year salaly , you guys had game on easy mode for so long and you become soft
Indeed. It's particularly bad in the UK, compared to Yankland, because we're such a tiny island, with very limited space.
In the US, you can find a cheap house/land to buy, it will just be far from where you live and work. In the UK, you can't.
In Poland for good apartament you need 235 lowest salarys(earn 3,5k pln, good house is 800k), 66 for livable with no furniture(200k cost single apartment), and sometimes need total renovation. You just trying to survive from 10 to 10. Im a bit higher , but still im single so i cant afford home, when im dont have home no gf would want me, and this spiral just go down and down. Work, eat, sleep. Buying new car is impossible(60-200k for good one), even pc need few months of credit(11k for gameing, 5k for cheap one)
Noobs, I live in Spain where the average 4 room house is 240k in an inexspensive area... salaries are like 30k a year, but we pay between 40 - 70% of it in taxes (wish this was a joke), so we end up... well 15 years salary? (bear in mind this is a generous estimate by ALL means)
"Bro, why do you live with your parents? You're 33."
"I live in California."
"Understandable, have a nice day."
Maybe don’t live in California
I got kicked out of my parents home after college within 6 months for the same reasons asmon mentioned... that it's a cultural thing and had to survive. It made me stronger.
This is in cali
bro, even in Texas nowadays it costs $1200 a month to rent a single bedroom unit in a smaller town. In Austin it's like $1700. That's like a third of your average disposable income. The rent is too damn high.
@@E.S.86 could've just as likely ended up homeless, thats how a lot of people end up like that.
Let not breeze over the fact that apartments cost 1800-2400 in major cities. Landlords want you to make 4x the rent. And have saved up enough for 1st, last, and deposit. Usually totalling $5k+. When I moved out in 2012 my apartment was $800 and the deposit was $200, in the city.
not even major cities man. my smaller town in nc 1200-1600 for apartments. homie paying 1400 for 1 bed 1 bath tiny apartment
Hey an exHOMELESS man here... I'll tell you something.. if you're a woman you don't have to worry about tomorrow when you're homeless.. all the services will take you first to give you a house , a random guy will give you shelter.. a random woman will help you.. if you're a man.. it's HARD
EDIT: Listen, I’m not saying women have it easier... Being homeless is tough. But remember, women can be very smart and manipulative. They know what they can do. Guys like me don’t have those kinds of attributes.
( I'm am/was homeless in the UK )
True
Women = easy mode xd
Woman have it easy
Truth. God gives his toughest challenges to his toughest warriors etc... stay hard, men 💯
Except a women is more than likely going to be SAed being homeless
Sadly this issue is not only in the US, it's happening on a global scale.
Housing is a.problem globally. But America's culture of spending and low financial literacy needs to change. Living with Debt is being Normalised.
Average home in canada is nearly 750k now.
@@BDK86Nobody likes talking about this part. I know way too many people that will complain about housing and grocery prices but will spend $1500 on concert tickets and $60 on Doordash.
I've seen videos about this happening in most of Europe, plus Japan, S. Korea, and even China. I assume it's every country facing the same issue.
I think American culture is different as it was assumed people could at least get an apartment with their first job. If it was a good job they could get a starter house, but at least an apartment. In many cities rents have gone way up.
Actually this is only making news in the US because it's something new to Americans. In Latin America and Europe it was always a common thing to live with parents for a long time after 18.
I don't understand this story. You have a much worse situation in single men living with their parents who are unable to get a job. Contrast that with this story, of a younger woman who has a great job, but chooses to live at home. They completely missed the story worth reporting on. The statistics in this segment are very "back of the cereal box." This is just a poorly done segment beginning to end.
The other weird thing and I haven’t seen anyone else comment on it, but she’s obviously lifestyle inflated. She drives a Mercedes, has designer clothing, and her parents house is typical NJ (I would know since I’m from there) of course she can’t afford to move out with the car payment and car insurance. Who knows what her BF drives too.
@@onecleangtiNobody comments on it because they'd have to admit they're part of it - American lifestyle inflation is a big issue. Housing isn't just expensive because of investment, it's because no one wants to live in "shitty" areas or "flyover country" (i.e. place that's not a major city with nightlife and things to do). They're a modest price in places like the Midwest and South that people dont want to live. A lot of the younger generation grew up middle class by default so now the goalposts have been moved. Social media has made it worse, with thrift stores becoming trendy and people sharing their $1500 concert trips as if those are normal. Then they hop back on to post about how expensive groceries are. Ask a truly poor person what inflation is - they won't know because we've legit never noticed a difference, because everything has ALWAYS been expensive.
@@Xiosoranox trust me I 100% understood and see it all the time. I left NJ for mid PA, while not cheap compared to flyover states, it’s still cheaper than NJ. I also have three paid off vehicles that cost 600 total for insurance a year. Lifestyle inflation is real and I 100% agree with you about social media.
if the segment focused on a person who cannot get a job while staying with parents defeats the purpose of the segment. this woman said she wanted to move out, tried to even, and couldn't. the segment is about how even working people cannot afford to move out. if you used a story about someone unable to get a job and lives with family, then the audience would say "oh well get a job then". it's about making sure the message you want to get across, gets across.
finding a job is an issue as well but that's not what this segment is about
A lot of women don't have jobs either.
They're focusing on a very specific segment of upper middle class women is specific places.
I have a lot of friends who have just given up. Most of them graduated college with 100K plus student loan debt, can’t find a good job, and they can barely afford to make the payments on that and they all live at home. Our generation got screwed. We were fed a lie at 17 years old to go to college and get in debt. And now housing cost and tuition is 20 times more than what our parents paid.
I have been in trades and construction since I got out of high school, whats the difference? both sides are fucked regardless. slave or decide your worth some liberty. I dont understand why nothing is done.
At least we aren't being drafted to war I guess. Also who fed you these lies? Your parents?
Same thing happening all over the world. Same here in Sweden. Apartments are more expensive than actual houses, but both are INSANELY expensive. I think around 1/3 of teenagers between 18-30 live with their parents here aswell. Of course, most of us (I still live with my parents and I'm 27) pay to live at home and I do have a job. But unless I find a partner, living alone would ruin me. I would have to eat cup of noodles everyday. I was looking at house prices the other week and I never felt so defeated.. I don't know what the housing market has become but it's not sane. I feel like I can't live my life to the fullest or feel like I can spread my wings and fly. My country doesn't build affordable homes, just luxury apartments everywhere that only 20% of people can afford. I literally have stomache aches everyday over this. Atleast I'm "happy" that I'm nowhere close to being alone on this matter.
I want to see ppls faces when they realise that socialism taxes them harder then what a master took from the slave.
If you want to see young men move out. Become a capitalist. And actually stand up to slavery.
@@thewildhealer541 Du vet att över 2 miljoner är ren skatt på en villa för 3,5m ?
Materialet kostar ca 500.000 resten är skattad lön och moms.
Mvh Bygghandlare
I remember I had a college girl try and talk bad about me because I live with with my parents at 24. I simply brought up how she’s only away from mom and dad because they paid for her school, her groceries, her car, her phone, and literally everything else. She did not like that. On top of it, I already have a biology degree from CSUMB, I have a phlebotomy certification, and I live with my parents because we have a medical aesthetics business that we all make a lot of money from. It just doesn’t make sense to move out and pay a lot more to live completely alone. In my house at least I can play video games with my brothers, we throw knives, shoot guns, and we always have each others backs. I’m not sure I could ever get that out of some stranger I met online to live with me.
keep doing what you are doing and ignore dumb little princesses who don't live in reality.
Couldnhave told her to take a good look at her future, once college is done that's where she will be, but with debt.
That little princess just lost a gold mine
you know what's crazy, when you're young you may feel tempted to get away from your parents, but when you're older, have family and kids, you wanna be closer to them... this entire topic is bollocks \o/
Yea man people go “why are people so worried about moving out their parents house”? “Why do Americans feel they need to move out young” and then ignore that, atleast for guys, not having these things makes the already difficult dating scene that much more difficult.
At 18-19 living with my parents and not having my own car we’re non-issues but the second my age began with a 2 it’s like these things mean I’m carrying around the black plague or something. Now I’m not saying any guy should be planning his living situations based on others opinions, but I’m saying when this sorta stuff is often met with ridicule, it’s gonna impact how early you want to move out. And this was while I was in college like you, I could only imagine the kinda comments you’d get on a first date if you didn’t have your own place, car, etc, and were just working 9-5.
I’m 37 make over $100k and never moved out. My mom can’t afford to have me leave, I pay the mortgage and most of the utilities.
Yeah, in my late 20's, I owned a two flat, and wasn't going to rent, so my parents lived on the other floor.
They weren't supporting me, I was supporting them. But I always got funny looks when people thought I was still living at home. (This was... uh... 40 years ago now.)
If you pay the mortgage then that means SHE'S living with YOU, making you the provider.
Similar here, but add grandparents, so its basically: work, tend to family, upkeep home, sleep ♻️
I don't think this video describes you then If you're taking care of the mortgage now *you* are taking care of your mom's needs, i.e. you're "paying back" for her putting up with you for 18 years. Absolutely zero shame in that and based AF.
It's the same for me. it took me awhile to get up on my feet with an okay job that could support us but now at 40 I'm taking care of my dad and he's retired chilling at home. I help him with doctors visits, I try to translate medical notes for him, help him with paperwork, etc.
There's a lot more people now with older parents that might need aid in their later years. That trend is gonna go up too with how many people are waiting/waited till their 30s to have kids
Same in the UK. I'm 52 and my 31yr old son has been stuck here with me since his relationship broke down. Private letting is far too expensive here In Edinburgh and there is no social housing to speak of. He's been on the housing list 5 years in Feb. I feel so bad for him, everything telling him to be a man blah blah blah and he can't even get away from me. Poor kids these days, my heart goes out to them. Our govs are fucking fanny spangles.
You're being replaced.
You both need to emigrate. The U.K. is lost.
I'm just surprised there are mothers watching the Lich King.
Dad?
This sounds exactly like my brothers situation. He's been home since he left university and his long term partner seperste after graduating.
@@CummyPancakes If my son had your name I wouldn't admit to knowing you either...
Man, Asmon’s dad is a world class yapper. Respect for Asmon respecting his old man and not cutting him off
Women are living with other men 0:58
Exactly what I’m saying
And lots of single men are doing what the young gal they interviewed is doing; living with parents and saving up to own something or invest
This is definitely part of gap. Women are a majority of college grads as well. Higher earning jobs typically.
Exactly.
Yeah it’s simple.
Boomers just don't understand that anyone can struggle other than them and our parents had the last decent economy before this massive silent economic depression.
Boomers were also the ones whom started the trend of not living with/taking care of their parents and shoving them in a retirement home.
there is no depression now. as long as you invest your money you will ALWAYS become rich.
average growth is 8%. you can literally be a millionaire at age 40-50.......
Ok bro 👌 @@bodigames
Boomers also made all the luxuries you kids get to enjoy today.
Stop electing people that push trickle-down.
At this point the winning move is not to play.
Or to excel and break out of the system. If you develop a useful skill every day, after a few years you will be making a lot of money, simple as that.
Stop being victims and just perform.
@@carlvallin7969what is considered a ‘useful skill’ these days though? The way you can confirm those skills is by paying 100 grand for proof that you know what to do.
@@carlvallin7969 Oh boy, I can't wait to get a useful skill, start a business, and then have my wife divorce me and the government take my stuff.
A real lack of skill on my part, should have just wanted to stay grinding alone forever.
ah yes lettuce skill ourselves
@@sheeplord4976 And have 40% of you income taxed.
Bro you dont miss with your content. Keep doing your thing
Im in my mid 20s and im coming from a rather poor Single mother household.
I was living with my mum until age 25 because I just couldn't "comfortably" move out.
Im so tired of all the "im so independant" 19-20 year olds moving out, living in a nice apartment, have a car, etc.
All that shit is paid for by their parents.
Tell me about it, all the braggers and virtue signallers are normally high middle class kids that have mummy and daddy pay for everything..
Truly Living independently straight off the bat isn't something most people can do.
Moving out is supposed to be uncomfortable. That motivates you to figure your life out. Living in mom's comfort will coddle you into being weak forever.
Either paid for by their parents, their parents own a business and hire their kid as some top level manager in their company making $30+/hr just existing, or their parents were the foot in the door the kid needed to get a REALLY good job at some big name company where said parents pulled strings. There aren't many independent people living PURELY on their own these days. It's either they live with someone who also works, and they live paycheck to paycheck, or they have a bunch of roommates.
@@thebenc1537stupid mindset
@thebenc1537 that's not what we are complaining ab, it's not the struggle it's the absolute fact that we simply cannot make enough money to actually live, we can survive for sure but we can't live we can scrape by while literally choosing between either food or rent. And if any emergency happens we'll your either in debt or shut out of luck
Americans never even mention "family" when talking about the topic. Where i'm from, we value family over social approval
Family in America is almost dead. It's a society of individualists now. And it would be fine if it wasn't for their atrocious welfare system.
Because building a family and maintaining it without inviting unnecessary stress into your life is almost impossible with the many economic and societal issues we have here. Also if the personal experience of me and many of the people I know in my area mean anything a lot of our parents were trash and didn’t do a stellar job at raising us so we didn’t really have much “family” to begin with.
@@hebanker3372 well duh, yes, individualism for some people is more important. Why? Because I value my own personal choices over something imposed onto me by society.
I never chose my country, my family - they are not inherently bad, but not very good either. And I do not want to live with consequences of any of that as I didn't choose this.
But I am fully willing to have responsibility over my own choices. How is that bad, tell me?
It should be against the law for companies to buy single-family homes
That’s what all the banks where doing during Covid lmao
Buying up as many family homes as possible as possible
This. X1000
Also make it illegal for foreign entities to buy land and houses.
@@scarletmoon777 One per child
Wow dang if only more reasonable smart people like you exist instead of bozos going on the street and blaming immigrants for everything.
When they say if a young adult moves out of their parents house that it would cost 13k more a year is a fat lie. It would cost more than that just in a 1 bedroom apartment. Thats without the food they have to pay for, utilities, etc
I wish living with parents was not a stigma in our culture. Multi-generational homes are a blessing, -better to raise kids, -better to help eltders. This was the way it was done forever before the modern era. 😢
It's not really that big of a stigma. Leeching is the real stigma.
@jfast8256 not in my culture. In fact, we felt bad for adults that couldn't afford to break away from their childhood home... we laughed at those who chose to stay. I was immature and clueless back then, and now I wish I had a multi-gen family home.
@@Dan___R4 thank you for your honesty. I hate to use the word "privileged" but those who were privileged to be born into a good market still look down on decent people who can't afford it due to corporate corruption.
@terrathunderstorms3701 you had me until "corporate corruption" 🐑🧠 🤡
Think for yourself and it's not a problem, just saying. Forget about the stigma who cares, set up your future
49 moved in with my folks about a year ago. I have a good job and lived on my own my whole adult life, but got damn tired of paying half my 70k salary for rent with no retirement fund. Now I'm taking that money and shoving it into my IRA and 401k while I still can.
@@VespasianJudeaHow is it a waste of money?
He's saving it for himself and contributing to his parents rather than contributing to some asshole landlord.
This is the new normal. Mark my words.
Kids moving out at 18 is done. That's from the golden age of the second half of the 20th century that's done. Wasn't that way before, won't be that way again.
@@VespasianJudea True and true. I'm a stock broker and have a small financial leg up insomuch as I know how the market works and so on. Doesn't mean I know what to invest in any better than anyone else. The ONE good thing that has happened since covid is you can make a relatively safe 4-5% on money markets and treasuries. It sucks that even if you're lucky enough to have money to save, you're forced to go into the stock market because inflation on a good day ate 2% a year of your spending power. Now obviously inflation way higher. My only advice is stay out of debt as much as humanly possible, including higher ed. Trade school, get paid to learn if you think it could be right for you. And think twice about a mortgage even if you can afford it. Remember, a 30 year mortgage even on an affordable house (haha, I know), has you spending as much as twice what the house would cost if you could buy it outright in cash. In the end, I'm thinking of living overseas when I get the money saved. How I'll find income abroad?, lol working on that problem. But I did it for a decade in the early 2000's, but Asia isn't what it used to be. We're all "depending on the economy" no matter where you are.
People have lived together in communal housing for thousands of years.
Extended and direct family alike, living in one building, one place, as it should be.
Generational living is and always has been the way of our species.
@@TheAcad3mic unless we move having a home into a "right" and not an investment which is being exploited by banks and wall street
Don’t forget HSA. It’s a triple tax harbor, best investment you can make and annually caps out low like IRA. Will need money for healthcare and that’s the best way to get it.
I never understood this weirdly creepy fetish to shame people for things like this. There's absolutely nothing wrong about living with your folks, and those who do not can and actually tend to absolutely leech off of them still. I mean Christ, have you seen the disputes over inheritance people in their middle ages have?
I think it's a good practice that fosters independence IF the economy is reasonable enough to support it.
It's funny cause people laugh from people that live with parents while those people mostly got lot of savings, and people living "on their own" rented apartments struggle to save ANY money
Seems like the west problem. In Asian countries, moving out on your own is looked down upon
@@Theverymemeshorts Nope- not the same
Its women shaming men for living with their parents. The funny part is almost every 30+ single mom lives with their mom.
The houses being built today are too big. I grew up in a 1000 square foot house with one bathroom. Siblings shared rooms and slept on bunk beds. This was pretty normal until the 90s. Now people expect 3,000 square foot houses with separate bedrooms for every kid complete with ensuite bathrooms with bonus rooms and walk-in closets on top of that. We were just happy to have a roof over our head and running water. Families are so busy now they're never home anyway. All most people really need is a place to sleep and a shower.
Some countries' have majority of population living in aparment blocks, not houses. We never expected any houses whatsoever.
My dad was making $65,000 a year as an auto body technician back in the late '90s. My mom was a stay-at-home mom, We had a three-bedroom house , My dad bought a brand new Z28 Camaro And my mom bought a Chevy Blazer.....
Today my wife and I combined make $75,000 a year, We have one car payment no mortgage and find ourself living paycheck to paycheck.
Pretty typical.
75k is supposed to be a one person salary minimum these days. I found the secret is to choose jobs that pay well, like IT in general. Takes a while to ramp up, but lots of it has to do with how you play the chess game.
Skill issue
@@SubVengeance no way?!?! The SECRET is to pick high paying jobs?!?? Brilliant!!
@@SubVengeance This is such a useless comment.
Life is not affordable unless youre rich.
And if youre rich, you always think the world is doing just fine.
@@jenot7164you do not comprehend what you read
Ignorance is bliss. And a lot of wealthy ppl just happen to be dumb as well..
Wife and I were making about 150k combined and we're about to purchase a home when our 2nd kid came out with down syndrome and a year later got leukemia. Wife had to stop working to be with kids and now we are moving back in with parents at 38 because of cost of living. Life comes at you fast
damn man, sorry to hear
Wow... this is a reality check for me... I'm 19 soon 20 joining the military... and I'm over here complaining that I don't have anything figured out... and yet there are always people in worst positions... my prayers go out to you and your family
Medical bills will really kill anyone's savings 😢
Hang on there brother 💪
Dam sorry and that’s crazy that we need that much 150k. Woah
society needs to rethink its stance on euthanasia
Some of us never had that option. My parents gave us the boot and said good luck. Lucky that was in the late 90s or else we would have been screwed.
Your parents must’ve hated you bro… hate to see it.
@ they were never meant to be parents. :/ I still love them though
"Explain Asians and Indians"
>Strong family values
>Strong education priorities
>Strong interest in business
>Overall strong traditionalism
Not that hard to see why these two groups flourish where others cannot or struggle
Lots of Asians/indians are held hostage by controlling parents who won’t let their kids leave when they want. Traditionalism as a tool to control adult children and save face in the community is a big problem in these communities.
Bingo
Hispanic communities too. I've always admired that
Pretty sure that was the whole point.
I said this on reddit and got sitewide permabanned 😂
10% discrepancy not so wild when you consider:
60% of Men have their own house or live with their spouse or their spouse's parents.
70% of Women have their own house or live with their spouse or their spouse's parents.
Then consider a society where:
Women (without her own residence) stand a good chance at:
1. Getting a spouse
2. Moving in with her spouse (if he has his own residence),
3. or being allowed to move in with his parents (if not)...
Men (without his own residence) stand almost NO change at:
1. Getting a girl
2. Moving in with her (if she has her own residence).
3. or Being allowed to move in with her parents (if not)...
This is what I was gonna say. Women can get by month to month renting and eventually find someone to take care of them... I am living at home because I'm saving money HARDCORE to try to get ahead and eventually be able to take care of someone else....
I don't resent women having it easier. I do resent being told they have it worse and my tax dollars making things even easier for them.
Everyone wants to ignore this, but it is a major fact.
@MisterPerson-fk1tx I resent people in general using my taxes so they can live easier while I have to live harder without that money in my pocket.
Men truly are living on HC SSF mode while women are just going through Story Difficulty
🧖♂️🧘♂️
There are also people like me who lived away from their parents starting 18 to 24. But I returned to my parents and I'm saving a shit ton of money since. There's no fucking reason to live alone and you end up paying 100% of the rent. If you are in a relationship or have a family it makes more sense, and you can share the expenses and reduce the toll. If your parents force you out of their big house right after you turn 18,you have shitty parents.
Yeah, i mean... Loving parents want to be with their child until their time comes.
Why spend over 30k a year renting to some scummy landlord (and that's the low end) when you can pocket that and enjoy a home cooked meal every night. Glad you've got a decent spot and good parents.
i was like 16 getting a haircut from my aunt's husband in the garage and overhearing my dad talk shit about parents that kick out their kids. he said that it's a really stupid and barbaric western/american thing xD
You are saving a lot of money, you are a smart fella.
But did you even asked your parents? Are they saving anything from having less living space? It is very egoist to have such reasoning.
I'm Asian. We have multigenerational households. Your parents got the house. They take care of you. Parents get old, and you take care of them. They die, the house is yours. Then you repeat the cycle with your own kids.
Did anybody asked anyone - whether they want to live by this "cycle" in the first place?
Maybe I am not willing to be a caretaker my whole life.
Also it sounds like parents caring for their children is a reciprocal act. But you guess what, it's not. They are obligated to do that, otherwise they are not legally fit to be parents anymore.
I didn't agree to my well-being as a child being a bargaining chip here, thankyouverymuch. If that is the only way - then don't produce me in the first place.
Sadly i lost both my parents by 16 so yeah life on Hardmode is real. The economy and housing is the biggest issue in western society. Multiple investment properties being used as passive income is driving a major gap between upper and middle class.
The best part? It's literally one of the biggest differences between the medieval nobility and the peasantry
That’s rough
Sorry for your loss my friend, make mom and dad proud!
@FadiGamingRP trying but this economy is insane. Hoping i can get it together. 30 now renting with partner. Hoping to get the right tickets to get work on oil rigs.
People who buy houses and rent them aren't the problem. The problem is there are too many renters, mainly due to all the illegal immigrants and also the single mother crisis. The need for housing is grossly inflated compared to if people would get married and stay married and enforce the border.
Of course its 10% higher. Girls often move in with a man that is financially capable a lot more than a man moves in with a financially independent woman.
I'm 38. I moved out at 18. My parents were junkies. If I was growing up right now, I would 110% be living under a bridge somewhere. I'm in Canada, and there's no housing. The place I have now is a dump and it's 60% of my monthly wages and I make above minimum wage. I've been trying to find a new place as my landlord is selling and I'll be renovicted when that happens. I've found nothing. There's on place I saw for over 100% of my monthly wages.
I've already moved too, back in my mid 20s I fled my hometown as it was expensive. Now everywhere is expensive and there are no rentals.
Older people act like the youth are lazy but they have no clue the circumstances most youth are in.
What's the point in earning generational wealth if the government is going to undermine your effort.. you're turning life into a seasonal videogame at that point.
That girl's aunt is the perfect example of why this isn't going to be fixed anytime soon because so many people who are older and grew up in the 80s and 90s have no idea how difficult it is starting out nowadays. I think they legitimately think that if their kids/grandkids just get the same exact jobs that they had when they were young then they'll be able to afford all the same exact things that they themselves were able to afford when they were young and that's just simply mathematically unequivocally false.
People act like the boomers rolled out of high school and college into houses. They didn't. They grinded for 10-25 years to get those houses. 90% of people complaining are like 25 or younger and are at the start of their careers and still financially stupid AF. I make 43k a year in Austin, live in my own studio, and am saving up for a house. Its more than doable. People are just stupid with their money. Boomers also didn't have half the things we have today, they literally were not invented yet. If anything our money is going further than it used to overall.
@Ralathar44 Introduction
In recent decades, young adults in their twenties have faced increasingly challenging financial landscapes compared to those in the 1960s or 1980s. Various economic, social, and demographic shifts have altered the pathways to financial stability and prosperity. Factors such as wage stagnation, escalating education costs, housing affordability crises, and broader economic transformations have contributed to making it harder than ever for this age group to "financially make it" in contemporary America.
Wage Stagnation and Income Inequality
During the 1960s and 1980s, the United States experienced significant economic growth, with productivity gains more evenly shared among workers. From 1948 to 1973, productivity increased by 96.7%, and hourly compensation rose by 91.3%, indicating a strong linkage between productivity and wages. However, in recent decades, this connection has weakened. Between 1979 and 2020, productivity grew by 61.8%, while hourly compensation increased by only 17.5%. This decoupling means that workers are not reaping the full benefits of their increased productivity.
Income inequality has also widened significantly. The top 1% of earners have seen substantial income gains, while the middle and lower-income brackets have experienced relatively stagnant wages. The Gini coefficient, a measure of income inequality, increased from 0.386 in 1968 to 0.481 in 2020, indicating greater inequality. This growing disparity affects young adults' ability to achieve financial stability, as they are less likely to experience wage growth that keeps pace with rising living costs.
Escalating Education Costs and Student Debt
College tuition has skyrocketed over the past several decades. In 1963, the average tuition and fees for a public four-year institution were around $329, approximately $2,800 in 2020 dollars. By the 2020-2021 academic year, this figure had risen to over $10,560 for in-state students. This represents a real increase of nearly 277% in tuition costs, far outpacing inflation and wage growth.
As a result, student loan debt has become a significant burden for young adults. The total student loan debt in the U.S. surpassed $1.7 trillion by 2021, with the average debt per borrower in the class of 2020 around $30,000. High student debt affects the ability of young adults to save for down payments on homes, invest in retirement, or start businesses, delaying traditional markers of financial success.
Housing Affordability Crisis
The housing market presents another major hurdle for today's young adults. In the 1960s and 1980s, homeownership was more accessible. In 1960, the median home value was about $11,900 (approximately $104,000 in 2020 dollars), and the median household income was around $5,600 ($49,000 in 2020 dollars), making the home price-to-income ratio about 2:1. By 2020, the median home price reached approximately $329,000, while median household income was about $68,700, increasing the ratio to nearly 5:1. This significant rise in the home price-to-income ratio makes homeownership far less attainable for young adults today.
Rental costs have also increased significantly, consuming a larger portion of young adults' incomes. According to the Joint Center for Housing Studies, nearly half of renters aged 25-34 were cost-burdened-spending more than 30% of their income on housing-in 2019. This situation limits their ability to save and invest in their futures.
Job Market Changes and Employment Challenges
The job market has undergone significant changes that disadvantage young adults. There has been a shift towards the gig economy, with more contract, freelance, and gig work that often lacks benefits, job security, and consistent income. Advances in technology and globalization have led to automation and offshoring, reducing the availability of well-paying, entry-level jobs that were once accessible to individuals without advanced degrees.
Moreover, many entry-level positions now require years of experience or advanced degrees, creating a catch-22 for recent graduates who cannot gain experience without first being employed. These factors contribute to underemployment and job insecurity among young adults, making financial stability more elusive.
Rising Cost of Living
The overall cost of living has risen, further straining the finances of young adults. Healthcare costs have increased dramatically; in 1960, healthcare spending was 5% of GDP, but by 2020, it exceeded 17%. The cost of essentials like food, transportation, and utilities has also increased, often outpacing wage growth. This inflation of necessities leaves less disposable income for savings or investments, hindering the ability of young adults to build wealth.
Reduced Social Safety Nets
Social safety nets that previous generations could rely on have been diminished. Cuts to welfare and assistance programs have reduced the support available during tough economic times. This reduction means that young adults have less financial cushioning in the face of unemployment, illness, or other financial shocks, increasing their vulnerability to economic hardship.
Retirement Savings Challenges
The shift from defined-benefit pensions to defined-contribution plans like 401(k)s has transferred the responsibility of retirement savings from employers to individuals. Many young adults are unable to save sufficiently for retirement due to other financial obligations, such as student loans and high living costs. This situation creates long-term financial insecurity and increases the likelihood of financial struggles in later life.
Economic Mobility
Economic mobility has decreased, making it harder for young adults to improve their financial status compared to their parents. A study by the National Bureau of Economic Research found that individuals born in 1940 had a 92% chance of earning more than their parents, while those born in 1980 had only a 50% chance. This decline reflects the increasing difficulty of achieving upward economic movement, further supporting the argument that financial success is harder to attain.
Psychological and Social Impacts
The financial pressures faced by young adults contribute to higher stress levels and mental health challenges. Economic insecurity leads to delays in life milestones such as marriage and childbearing, impacting social structures and personal fulfillment. The increased stress associated with financial instability can have long-term effects on mental health and overall well-being.
Conclusion
The convergence of wage stagnation, soaring education costs, a challenging job market, and a housing affordability crisis has created an environment where young adults in their twenties face greater financial hurdles than those in the 1960s or 1980s. While previous generations benefited from stronger economic growth, more affordable education, accessible housing, and robust job markets, today's young adults must navigate a complex landscape with diminished opportunities and greater financial burdens. These challenges underscore the argument that it has become harder than ever for young adults to "financially make it" in contemporary America compared to earlier periods.
@Ralathar44 on a side note you actually live in one of the most affordable cities in the US soooooo... there is that....
@@Ralathar44 agree. I make 40k and just bought my first house in February in Kansas City.
I’ve learned to budget and save my money for years. I also worked various aside jobs too. People don’t understand the meaning of hard work and logic.
I grew up in the 90s and understand how difficult it is, still haven’t bought a house. Finally have a job that I can save enough money to go towards a house.
In my 20s and early 30s you cannot live alone you have to have roommates to split the rent.
My wife and I make over $150k combined, my Dad when he was our age made less than $40k, he was an E6 in the Navy. He and my stay at home Mom, with 4 kids, were able to buy a brand new 4 bedroom house at $124k. That same house is now worth over $700k, at over 20yrs old. We would need to put $140,000 down to be able to have a chance of getting something similar.
To be fair if you join the navy the make it WAY easier to get a house not sure how old you are but look into it even with a minimum contract they'll still help a good amount
Then get a smaller house.
Is not completely true that you need a 20% deposit. It depends on how easy the bank can resell the house if you fail to pay. In a high demand area, you may only need 10% or in some rare cases even 5% can be accepted. Go speak to the bank.
Well, he got a house for 3.1 his annual salaries, that's REALLY cheap.
It's 4.7 for you and your wife combined, it's bad, but it's not even THAT bad.
Factor was 3.6 for my wife and I when we bought 10 years ago. Now the same thing is 5.7!
You'd need 225k salary to be at the same level, say 130 you and 95 your wife and you're at the same level. How much is E6 Navy salary today? Google says 57k, so... he'd be screwed right now, but back then he was making good money!
I expect bubble to burst in couple of years because nobody has that kind of money.
Too many people bought too much property either as "an investment" or even in hopes of renting for big profit.
Problem is we’ll all be dead before these issues get fixed if they ever get fixed.
At the pace things are escalating in Ukraine that might be next week.
@@bcfuersttrue, we are cooked. Over here in the UK we are on a “Stalinist state speed run any%”
Asian Americans did not immigrate to the U.S. because they were wealthy. While there may have been exceptions, the vast majority arrived with very limited financial resources. I believe that between 1950 and 1990, 99% of Chinese and Korean had lower incomes than their African American counterparts. During the 1950s and 1960s, both Korea and China were economically poorer than many African nations. Now that these countries are more developed, claiming that Asian immigrants historically came from wealth ignores the realities of their past. You know what's the biggest debuff, is being denied entry to a college because of your race. This has been going on for well over a century towards Asian Americans. It wasn't until last fking year that the supreme court ruled that it was unconstitutional.
I'm 28 years old and still live with my parents, and I don't care what people think. Yes, I'm Indonesian, and like many others here, even some who are married still live with their parents.
in asia it common to live with your parents although it depends
if parents are already living in big city then their children stay with them or they buy/rent houses in big cities and take their parents with sons do that more than daughters as daughters move out with the husband and his family
Asians are living in a very different culture, and a much better model imo.
Generational bond and knowledge are very strong when you are raised by both your parents and grandparents.
@@MenrvaS we just value our generations much through thick and thin. the world isn't a nice place and the only ally I can think of is my family
im 29 and still living with my parents. about 2 years ago i injured my back (literally felt like my spine was severed and couldnt get out of bed) and my income was fucked. luckily i had my family for support and bounced back a bit from the injury. tbh i probably wouldve kms if i was alone and not being able to afford shit... im very grateful i was born into a hispanic family.
26 German here, currently living with my mom, moved out when I was 21 but had to move back during the pandemic because my old job couldn't employ me anymore and student funding took 8 months to go trough during which my savings basically went down to zero.
finishing my master's now and moving out early next year again. thankful for having my mom to move back to when life was looking grim.
But isn't living with your folks common over there
@@bobagucci502 nah not really (german here)
I would say it is more common than in the U.S., especially when talking about southern Europe where it isn't unusual living with your parents until you marry (so about 30 most of the time).
Here in Germany where house ownerships is really low, it is typical to move out once you start getting money (enough to afford a flat).
For a lot of people that means at the age of about 17-19 because we have a lot of apprenticeship programs after 10th grade in which you already earn money (not much) and start fully working soon after.
You basically don't have to have a university degree for most jobs or even some upper positions.
As a fellow german, its understandable, either you live with your parents or other students when you study, you dont earn enough money to rent an apartment.
@@bobagucci502It's common in Southern Europe, which is poorer, germans don't even understand how rough it is over there.
It's hard to apply jobs these days. Too many requirements such as age and experience. And also, you gotta be a model to become an employee. I'm just gonna say to all of you who currently looking for jobs good luck and stay strong, brothers and sisters.
It’s been an entire year for me and no luck 😢
I'm sure there are available entry-level jobs but they are in unpopular industries (railway maintenance in my case). On the other hand, entry-level IT is pretty competetive because everyone wants to be doing that (because it's an easy, clean job with little to no accountability). And that's why people end up with hundreds of job appliactions with on results. Because they don't want to settle.
The thing is though, working skilled but unpopular jobs doesn't pay extra (it's about the same as the offices) so, should I just bank on the fact that there will be less and less of us to a point where I might become really valuable considering the experience I will have in 5-10 years?
@@Tomas9970_1 I work in the unpopular industries (warehousing) , I have no chance at growth, since there is nowhere for me to grow. If I became a lead manager I would make only about 20% more than I would now and that would be the cap. Still not enough to even buy a house in the next decade and almost all my money is gone on rent. I've been on antidepressants since I was 13, and now I take the maximum dosage because I can't cope with this reality.
@Tomas9970_1 Mining pays well, but is hard work and dangerous.
@@pedrx_v9323construction companies always need laborers, I mean hell, if you are lazy, get a flagging ticket and hold a stop sign on site all day. Pay is great for entry level and the only requirements are to be reliable and show up, especially in the construction industry.
Zack really spend 50 minutes tip toeing around the issue of biology xD
My grandfather raised 8 kids and had a stay at home wife working as an entry level employee at a factory his entire life. My dad worked at the same factory in the same position as my grandfather and could barely afford 2 kids and my mom had to get a part-time job to make ends meet before I made it to middle school. Today, my wife and I, both college graduates and in jobs that require college degrees.... we can't afford kids.
To be fair.. your grand parents and parents were still broke and had kids.. you Will be broke, better get kids to fuel your retirement support crew
And if you had a home, half your monthly mortgage payments would be towards property taxes thrown in escrow, if you had a part time job, you would simply get taxed more….
the american dream existed back then. Back then you didn't have to be the smartest guy/girl but if you worked hard enough you owned a house and raised a family. Houses are a luxury in todays economic climate on top of supporting kids. Watch out for AI in a decade or so jobs will be less and less
Got my degree and hit the factory life right away. Worked my way up and with the help of the degree, got into management. Wife also worked factory after she dropped out of her college. I made enough money and married my wife. We lived with my parents for a while after marriage (about a year) and saved enough money to buy a house. Homeowner for a while now with two kids. Wife plan on staying home full time.
Manufacturing is where the money is at where I’m from. You have college kids working in retails and costumer service, when you can just blue collar it and move up. More money and better benefits.
@@KeePhengVuesimilar circumstances for me. Me and my wife got together and moved into a house we rented until we offered to buy it. Took out a first homeowner loan and bought the place. Used are good credit to remodel the place. I watched a ton of yt videos and learned how to lay flooring, fix the leaking plumbing etc. over 5 years and 1. Child we increased the value and only incurred 20k in debt. We sold the house this year had 100k to put down on a much bigger home. Adopted our meth head friends 11&12 yr old. And have already increased this properties value by 50k. I have no college. My wife does but it’s in hair and she works at a power plant cleaning toilets. I work at a factory. It’s all about just doing and not settling. Learn new skills as problems arise. Hunt to supplement your grocery bill. And go to church. It will all work out.
19:58 "Don't choose useless degrees." My guy you are talking to a person with a degree in theoretical physics, not a bum with a degree in gender studies lmao.
"Maybe you should have gotten a degree in applied physics." -Some boomer, probably
I mean, tbh, theoretical physics is basically a useless degree unless you can find a position as a professor or on an R&D department.
It's a theoretical degree, get a degree in actual physics.
Not necessarily. Obviously it comes down to connections but physics degrees allow people to pivot into the private sector well as long as they have lab time. @beardicus
You repeated yourself o.p.
My advice is don't take advice from people who are not financially successful. My older 2 are 19 and 21. They will stay with us until they can afford to buy a house. Our oldest has been at the same job for 5 years, has a credit score of 720, pays her own bills, and already paid off her car. She has thousands in the bank as well. I encouraged her to work and save, instead of wasting time on college. She won't have debt and will be ready to buy her first house before she is 25. Our second oldest is following her path as well. My husband and I want to educate our children on how to be financially responsible. It's our job to lead them to a successful future. I refuse to set them up for failure or a very difficult life.
RIP to everyone who was set up for failure or a very difficult life.
Based
cool
Top tier parenting
W parent
It’s not insane that men are higher than women. Men don’t get safety nets the same way women do. Women always find a man who takes care of them.
I remembered about a year ago, my cousin found a guy who took out a loan and built a house in Poland, so women always have the option that some rich guy will help them out.
@ Or just a guy in general. They literally always have some kind of provision. We don’t get that luxury as men.
not always true. there are women abuse houses for a reason, life is a gamble
@@npcimknot958 Nothing is *always* true. But it is still true that women have a high chance of finding just someone who will take care of them, while for men this chance is almost 0.
The same women that have feminism in twitter bio want men to be ATMs right from first date. Just saw a women calling a man red flag for calculating the bill before paying.
Arguing with older people is useless, they’ll never admit they had an easier time owning property
My parents made 56k a year in 1996 with my mom working part time. They bought their first 3 bed 2 bath 1500sqft home for 67k. That same home sold last year for 650k. Clearly it was easier and they still won't admit it.
We absolutely admit it what are you guys even talking about
It isn't just that simple though and easier is relative and hasn't been "easy" since the 1950's. It also differs massively where in the country you are trying to live. Also thank the fact that our economy is highly tilted because of how much is outsourced. So even though buying a house hasn't been easy for a long long time, the fact no one is actually getting paid equal to the true cost of things doesn't help. Then finally there is as Asmon mentioned all the housing that has been bought up.
@IrvinGuevara-lz1gu You also didn’t define “older”. I forgot to mention that in my first comment, and the “edit” button isn’t working for me right now.
Older people didn't have the internet and had to do socialize in person. Too many people don't recognize how much parents did.
It sucks that people are forced to live this way when it could very easily have been the opposite. But it has been engineered this way by western economies destroying their working and middle class.
However, let's not forget the 50's etc was an extremely unique time I'm history and was not the norm. It's far more historically normal to live in a family unit. However it feels like we have been robbed of the option.
If this younger generation had more money they would simply spend more of it.
@@acbower4468easy to say when previous generations had it all and then ruined it for their descendants. Boomers would ruin themselves if they tried to live their lifestyle on a modern budget.
@@acbower4468 I don't spend money on myself. These tough times have taught me that the world can easily suck money out of your pockets faster than what you can make. I am a serious saver. I don't give a crap about new cars, smartphones, eating out, alcohol, etc. I will not let the world take my money.
@@acbower4468 Not true.
It's not just the 50's. Even peasants/slaves had more stability in their lives. You literally live to work now.
As a single 39yo with two young boys, ive shifted my life focus and now focusing the next 20 years on building 2 homes for my son's so they have a good home and wealth base in adulthood and can ENJOY their lives in their youth.
He talks about segregation destroying generational wealth for minority families, but an even larger modern factor is the lack of two parent households. Single income households have far less money to assist their kids in becoming successful
Yeah, black families under Jim crow had more money than now because they had far more two parent households.
Even if you have both parents at home doesn't mean you'd have two incomes. Maybe you have a stay at home mom and your dad just barely gets by. Which was my case.
@@jonetgames that's true, there's a lot of other factors that play into it as well
Be the change. I came from homeless, my wife from broke. Today I own my home and have a large warchest to launch my kids. 2 are already out and successful. 2 more at home that will be more successful. I live like asmon, I don't need stuff to be happy, over 1/2 my income goes into investments.
@@LowInformation I wasn't homeless but both my parents were dirt poor growing up in the backwoods of Appalachia and worked 60-70 hours a week and eventually started a business and became successful. There's little excuse for not being the change in your family
Im asian, its very common to live with your parents way past the age of 18. I lived with my mom and my sister until i was 28, however i had finished a 4 year enlistment in the Army, came back home at 22, got a full time job while taking college classes and was paying ALL the bills in the house including the mortgage until my mom moved back to Asia to retire, my sister also eventually got married and moved out and i'm still living in this house that i grew up in with my family now. Because of this fact i was never ashamed to say it in front of people whenever they asked me at that time where i lived, theres a big difference with being a bum and leeching off your parents and living with them for the convenience as well as familial and cultural ties.
Yeah, it's clearly a cultural difference. We don't see living with parents after certain age as a bad thing, but people in west apparently do.
I'm Hispanic and it's the same way many people don't leave home until they get married
@@mikehurt3290 Same for North Africa, some move out for college if they leave far from it. Beside that, most only leave their parents home when they get married.
who gives a f though? Why are you taking this opportunity to tell everyone how hawd you worked? You got lucky, lets be honest. You got to come home and take over the house. That is NOT a bad deal. Instead of trying to impress the world, be humble. Do you know how many people dont get an opportunity like that? Just, "assume the payments and its all yours buddy" like my man wake up
@@jeranismisashillasisjtolan I'm highlighting that not everyone who lives at home past the age of 18 is a leech and that their statistics is impossible to account for that and I'm sure alot of people in that stat is similar to my situation in that they are paying if not all then at least part of the bills. Are more people living at home with their parents? Yes, is it as bad as the stats make it out to be? No, If you took offense to that then thats your problem.
I fall under the category I live with my mom and she can’t afford to own or rent 🤷♀️
Lol me too
You don't need to watch 50 minutes of Baldie yapping. Cost of living exploded. You can only rent your own place if you have a fiancé who's also earning money or if you have a well paid job.
Thanks bro you saved me 50 minutes of watching a video about something I already knew :)
That's not true. Yes the illegals and democrats have driven up prices but there's plenty of affordable places to rent solo. Live within the means you're earning. Move to Baltimore like I did, it's cheap there and toughens you up kiddo
We watch or listen to his yapping because it is entertaining. Not because we "need" it. What a weird take, weirdo.
Its not about the distritution of wealth...
Its about a well paid job..?
That view seems pretty ignorannt
People don't want to live within their means.
Thinking living with your parents is weird is what's actually weird. It’s a mindset pushed by property developers selling "independence."
For thousands of years, families lived together-sharing childcare, cooking, cleaning, and expertise-while keeping costs down. Compare that to going into debt, raising your expenses, and distancing yourself from family, just so you can have privacy to wank or bang without your mom knowing about it or something stupid like that.
Here in Greece people who could afford it were actually smart and built apartment type buildings that are essentially just 3 homes in one building, this way you can have the best of both worlds, you're close to your family, costs stay low, help is there when you need it but you still get a reasonable amount of privacy and if someone has to move for whatever reason you can just rent that extra apartment to someone.
yeah that's not the point at all, the point is THEY HAVE NO MORE MONEY
A luxury of short life history strategists living in times of abundant employment and housing resources. Kicking your kid out at 18 is a classic trope for people who treat their kids as freeloaders and burdens rather than their chief investment and vote for the future.
historically it also depended on the society, independence is a major virtue people often strive for and is often seen as what separates a man from a kid
the determining factor was cultures that didn't depend on agriculture, so, nomadic cultures (mongols), hunter/gather cultures (native americans), and even ancient "city life" cultures like ancient greek in fact did not do generational housing unless they were rich since there's only so many big houses suitable for nobles
funnily enough, even pre-modern japan didn't do generational housing in some areas
being forced into generational housing for economic reasons is a phenomena unique to the modern era
@@DDracee All the cultures mentioned on top worked pretty much like an extended family and you're completely wrong about ancient city life-at least when it comes to ancient Greece. We know from multiple sources that generational housing was both common and not at all limited to the rich/elite since at least 800BC. In ancient Rome it was less common for the poor living in the city but was still a thing and practically the standard outside of cities.
The idea that you should leave the family home/ tribe structure and get your own place and "Independence" only started gaining traction after the industrial revolution and has only really been "the common thing to do" post WW2.
You are correct about this being the first time people were actually forced into it in this way though, but that was to be expected given the current state of tings in general.
@@MrKoobuh My parents kicked me out at 18 because "paying rent will make you a man". I worked my way out of homelessness and etc until covid fucked me, then when I had no options they said "why don't you come live with us, intergenerational wealth/homes are important". Sometimes I feel like my parents have been secretly trying to sabotage me tbh, but I know they are just normie Americans who are brainwashed.
A $500,000 USD house with a 5% interest rate isn't affordable, that's the bottom line. Your average person makes no where near enough to ever have a chance of paying off a home.
Just to qualify you would need ~150k salary without any other debt 🥲
I mean I hate to break it to you but it just is. You need a partner and you both need to make around 100k but that is a complete reasonable price. Look at the rest of the world and its rare to find houses for 2.5x a families salary.....
@samuellang9761 you just proved their point, they said no "person" as in individual. Saying you can with multiple people is irrelevant to what the author is saying.
Ah yes just find a "partner" in current year when no one is dating and women are gold diggers and both of you have to make well above the median salary.....totally affordable
man take a step offline and into the real world and youll realize its okay
i want EVERYONE HERE to look up 'reservation policies in india', for those who want black people to gain some sort of advantage. IT FUCKING DIVIDES PEOPLE BEYOND OBLIVION. any kind of advantage given to a certain set of people would bring up SO MUCH HATE towards that community, it would give rise to tremendous riots, just like in india. here in india, surely it would seem caste system has been abolished, but deep within EVERYONE, everybody hates lower caste people JUST BECAUSE they gain a superpower over everybody else in government jobs. surely that generational wealth argument could be held up just fine, but doing this in a country where every person on average has 2 fucking guns on his hand, yeah you DO NOT want riots to happen. do everything you can to prevent this.
Why would i go and live on my own. I have great parents. I see no need to leave unless they move out of state.
You wouldn’t know the feeling of walking around your own place naked…and not GAF about anyone
@@johnnytactical3054not worth paying for bud
@@johnnytactical3054and?
@@johnnytactical3054jokes on you, I live with my parents and walk around naked, idgaf
@@ITSLD69 are you 5 years old lol
I'm a millennial.
My grandparents bought land, built a house and raised 5 kids with one factory worker's salary.
My boomer parents both worked full time to rent a house and raise 2 kids.
Many of my generation are struggling just to find work, afford rent and pay off student loans.
Now, we have to be some kind of genius entrepreneur galaxy brain with a successful business that only makes decent pocket money at best.
My great grandparents owned around ten thousands of acres in colorado, grandparents siblings squandered all of it on lavish lifestyles, divorces, and legal battles...
I did find something they couldn't, peace of mind 😅
@@dee23gaming i think you meant gamble everything and get lucky, businesses taking off is like 75% luck and people have try multiple times, might as well go to the casino
It's not just people renting houses, it's that builders no longer make starter homes but focus solely on McMansions. It's at a point where banks and lenders will not provide funding to builders UNLESS they are making luxury condos or McMansions.
💯 this is not discussed enough.
Also many jurisdictions don't even permit construction for homes under a certain size or other details because the more a house is worth, the more property taxes they can collect. And if it can't generate enough property tax, they'll deny your right to build anything not meeting those requirements.
They shouldn't have the right to impose such restrictions.
Government helps again, by making each house build so expensive through permits that there is zero incentive to build small homes for nearly no profit. Happy side effect for local government is that they can jack up property taxes on those 'big, expensive' houses.
you know....I haven't seen a starter neighborhood go up in my entire adult life. How have I not noticed this?
There has also been a change in building materials. My family home was build in 1936. It has hardwood floors and slat-board walls and plaster with paneling over it. That was the norm, is sturdy, and durable. Today, we use cheaper, less durable materials like MDF and sheet rock. Homes built from 1970 forward just aren't as durable.
@KateBonnyCountry also the lumber used in modern houses is soft pine from young trees that is cut in smaller dimensions than the harder, older pines. The prices suck and the quality is awful too
When you punish the child for their grandfather's sins, you cannot be surprised when they choose to might as well commit those sins themselves. Treat people with prejudice to "correct" the past only to lead to further prejudice in the future. Least regarded american policy.
People living with parents happen a lot back in my home country in Portugal due to the costs rising so high, minimum wage cannot get you a proper wage to live in most places within the country, so its just more affordable to stay with your family, most of my friends are 24-27 and are still with them.
It's nice to read that, I struggle with mental health problems and oftentimes I blame myself for living with my parents and not being independent.
Exactamente... para mim não seria um problema mas os meus pais são abusivos e causam um ambiente hostil, é doentio. Só quero viver em paz
A lot of parents can't afford to live alone either
Real. My dad waled out on us in 2019, ive been working since then. Half my money goes to my mom. I tought "not perfect but it works". Then all the bullshit hit the fan, and suddenly we need to watch our spendings like crazy or we gonna have to live off bread and water for over a week. And now im also out of a job cuz a contract i and many others were hired for fell through so 90 people got laid off and my 2,4k a month is gone. We are looking into going back to poland (in germany atm) cuz this shit is impossible. In almost 2 years with a HUGE company i couldnt save shit. I managed to buy a ps5 and thats all i got for show.
My mom can’t afford to live alone my brother lives and helps with bills to make sure they both especially her have a home
I don't live with my parents. My parents live with me☕🗿
Said Rorsach when he went back home
lol! I’m gonna start telling people that until someone asks whose name is on the deed. 😳
Same lol my dad literally lives off me and doesn't pay his part of the rent time to boot he be getting 1700 from disability idk why he think he can live for free
@@AlphaQup1597 what the, you're joking right?? ☠️
Hey how come Zack is NEVER wrong on any of his hot takes? I'd love to see him debate someone he can't just "shut off" whenever he wants on some of these topics.
I love how the aunt just says "I guess it was different times"
Well. It is. That's why so many were better off back then.
I think a major factor a lot of people forget about are utility costs; not only are houses more expensive than before, but we're also practically required to pay for internet service, cell service, in a lot of places heating or cooling, electrical costs are increasing, gas prices have gone up a lot over the years, insurance is required in many states where it wasn't in the past, and so on. There're so many additional costs that make it seemingly impossible to get your foot in the door with housing unless you manage to get an amazing job straight out of school...
Im 28 and live with my mid 60s parents. My brother and his wife are 34/32 and also live here.
We all split the bills, we all do chores, and im proud that i can do things so that my now aging parents dont have to hurt themselves to do.
My mother and father are getting to the point where cutting the lawn and shovelling snow are health concerns. Bending over and picking up heavy objects, moving around furniture is a thought of a hospital visit for them. They still get around, but their bodies are a typical 65+ year old persons in terms of functions. They can do things, but they are restricted in what they do and how they do it.
I love my parents, they gave me a good childhood, and made sure i stayed out of prison or a casket. Im not ashamed to live eith them, to share meals with them, to help them around the house, and to help pay their bills.
Not all kids have good relationships with their parents that this would be possible. Sometimes it's the kids fault sometimes it's the parents fault. More likely the latter though. Ask me how I know
When does your brother and his wife get to get nasty in the house when everyone still lives there lol.
@iudexslade7855 walls aren't thin, they go to bed around 8:30 since they both work morning jobs, my mom goes to bed around 11pm, dad goes to bed around 10, I typically go to bed around mid night to 2am since I'm only a 4-5 hour sleeper anyways.
all of our schedules fortunately don't intercept with each others often, so everyone kind of has their own free time.
My dad has the living room, I have my bedroom upstairs and a gaming room on ground level, they have the entire basement, my mom has a craft/lounge room upstairs and the kitchen.
it works well for the most part
@@E.S.86then it is the parents' fault for not raising them right. It is tough to build formidable relationships but it all starts by the parents. These might not be tuaght by the children but these children see every move/decision you make. Just don't let these kids see an intense situation, it will not end them very well.
@@janstefanflores2624 correct. some parents are actually adversarial to their own kids because they "cost money"
23:30 because most people don't have "generational wealth"
The crazy shit is the people who can't afford to move out and don't have parents to stay with just have to become homeless and die.
Or if you’re a women you quickly get into bad relationships just to be able to survive.
not necessarily die. even in more conservative states social programs exists as well as church drives and supports. its certainly fucking shitty living but we still aren't in a wartorn country where not having a home means starving to death or worse
The military still exists. The younger generations would rather just die? It wouldn’t surprise me I guess but just curious
@@skeezix8156Well when you've known a hard life and everything goes to shit and you've nowhere to go most people suicide. Even from what I assume you're in the older generation and even your fellow people in your age range also commit suicide. You were also less prone to social media and the effects of what the internet has done to the youth of today. Having a cellphone makes ot easier to access information that would be detrimental to your views on this country. In my opinion something has to change in these next few terms because otherwise it won't be just my generation but the one that comes after suffering the consequences of three generations.
or work a job and get ready to start at the bottom.. better than homeless or dying.
As an asian, this is very normal.
only americans would think living in their parents as shameful, as if they think living together equals you not having a job lmao
As an brazilian too
yep so true, this is our default mode.
ditto. my parents live with me since they retired. we making absolute bank and couldn't be happier being together all the time
I'd blame it on modernism, it wasn't really seen as 'shameful' in the USA until sometime in the mid 1900's.
When I was a kid in the 80's, my dad worked as a taxi driver, and my mom didn't have to work.. we lived in Brooklyn, a place only the rich can afford now. I can't be a taxi driver and afford a roach apartment in Oklahoma.
I worked for a taxi during a career shift for a summer. There was a driver there about 90 years old. The guy had more energy than teenager always getting out of his cab to shine it and talk to anybody. He would tell me there was a time they made more than doctors but not anymore. It's a good thing I saved most of it he said. The economies crumbled like a cookie he said. What a character he was.
It is not just inflation that affects how the person buy properties. A lot of companies a couple of decades ago gave lots of benefits to their employees like housing subsidies, gas allowances, etc. My father worked in a big company here in the Philippines and before he died 2 years ago, he said that THAT same company doesn't offer all the benefits he had when he worked there. Base salary is lower for entry level jobs and and barely had any benefits (apart from the mandatory health insurance and social security).
On a normal job here, you really cannot afford to buy anything.
Yup. In Europe salaries are lower than the U.S. but your taxes are going towards universal healthcare, free/low-cost higher education, and you get parental leave and subsidized childcare. Americans get none of that - not even PTO unless you're in a high level white collar job.
@@Xiosoranox philippines isnt in europe :D
Boomers: WEAK men creates HARD times.
Millennials and Gen Z: YOU'RE the weak men who created hard times.
Yup. Boomers didnt plant trees. They harvested and enjoyed life without sowing.
When will you stop blaming others and get to work?
Why Gen X found out early on, the lies and falsities of Easy life. Had jobs in Highschool. Parents never had much, spent time outside, Got our hands Dirty, went to work, and just want to be left Alone! Still! lol! Honest, Hard life but went through the Greatest Developmental period with Tech and Entertainment! Luck to US All! ✌️🤟
And thus these hard times will create strong men we will absolutely get through this
@@snjspring most of us work rere
I'm 40 and had to go back with my parents. Laid off. Can't find shite for work. Now I'm taking care of my parents while searching for a way out. Save me almond.
I wish you luck, life is hard.
I'm 30, got laid off from my first tech job last year (worked there for almost 4 years) haven't been able to find anything I can barely even get interviews. I haven't been able to move out yet and it's starting to look like I'll never be able to
Imagine having a sibling as well who is alredy living with the parents + kids soo no way back.
Get a job!!!!
Worked 20 years straight, 41 now and already taken 1 year off, work and expenses made it all seem worthless, luckily i got 100% sickleave and can focus on what tp do next. Making other people rich...nah thanks.
The fact that we've created millions of engineers for 30-40k jobs is absurd .same thing with other degrees too . And then people are not hired and complain about unemployment. Seriously we need to stop glorifying uni
I live wif dad and we lit
Nice
Hel yeah brother
How old tho
@Man_in_a_Gucci_Suit him 43 me 20
All it took for me was a few bumps in the road. The pandemic, a breakup, a few expensive vet bills, and rising cost of living. I went from living comfortably to just barely getting by.
It's almost like all of your dollars became worth only 75 cents, in just 2 years. Wait...my mistake....it's EXACTLY like that.
@@TijuanabillThat's why I save in gold.
At this point pets can even be a serious financial liability. Not even the pets are safe from massive inflation! The price of pet food has SOARED 💀
The key point here is not simply living with your parents as an adult being a problem. I don’t think living with your parents as an adult is a problem IF you are utilizing that privilege wisely, i.e. saving money and working, etc. (I’m 27 living with my parents still, but am saving more money than ever)
If you’re an adult living with your parents and don’t have a job and aren’t saving money - that is absolutely a problem.
The biggest problem with student debt is you're taking a kid who just last week had to raise their hand and ask permission to take a piss but this week we are strapping them with a 10k debt per year for the rest of their lives. It's morally wrong.
It's so much worse in Australia. My Father bought the 3 bedroom family home for $90,000 AUD on a $50,000pa wage while also supporting two sons and a stay at home wife in the late 1990s. Now that same house is worth over $800,000 while the average wage has only gone up 10k-15k from his time. The proportion of wage to house price and rent has split so far there is entire generations who have given up at ever buying a property.
Similar situation here in Canada. My parents bought their first house for like $50k in the early 90's, sold it for like $350k in the early 2000's. But the biggest one was they bought a house for like $600k in 2012, which sold for 2.1 Million in 2019. Then bought a house in 2020 for $450k that is currently valued at $800k.
They're just been barrelling upwards through housing value alone for like 30 years. They never bought any of these houses with the intention to make a profit. They just moved a lot for work and didn't have a lot of choice.
18 - 34 is a hell of an age range.
18: You've just turned adult. You might have a job at this point.
34: You've likely had an income for quite a while now.
18-year-olds are not adults.
@@alyssahasan3939
Um… Yes they are.
@@alyssahasan3939 They legally are in most (if not all?) countries. I do think it's a weird age to grant adulthood considering the brain doesn't stop developing in most until 25. It's scary that we have people with the maturity level of teenagers who can vote.
(Bring back land-owner voting!)
I agree. Break up those age ranges to judge the real conditions. An 18 year old typically has a completely different existence than a 34 year old.
@@si-jd9oq legally doesn't mean anything
i can change the law and say 4 years old is adult so what!!!
if you act like a adult you are a adult otherwise you are not yet
@20:53 wow, this was asmonds best take yet, i actually appreciate him for explaning this in a easy way to understand. This is a fact.
No ones realized you can't win an argument against the guy with a bigger platform and ability to use his voice over your typing. It will never matter if you're right😂
Im 34 and live with my parents. I have a chronic pain disease fibromyalgia and im unable to work. Wife left me after 14 years of marriage. But I got well over 6 figures from the divorce settlement and could easily afford to rent a place. But why waste 2k a month when you have cool parents and good meals cooked daily. Im happier than I've been in a long, long time.
❤
You have extenuating circumstances. Most others are just stupid and weak.
@CollaborativeDataAccounts I sometimes do think badly about myself. But I have to remember I didn't ask to be this way. I would love to live a pain-free life and have a family and a career, but I find joy in the little things that keeps me going one day at a time.
I'm in my early 40s and have a giant abdominal hernia (not a regular hernia, but essentially my entire lower intestine spilling out of me) caused by a botched surgery; I'm basically crippled and completely dependent on my parents. Last year, my 31-year-old little sister, a lawyer, was flat-out murdered through the negligence of Kaiser Permanente when she was left unmonitored in a hospital ER (she was admitted at the time, so there was zero excuse).
I'm broken, bitter, and eager to fight back in any capacity I can. The system hasn't just failed me, it *IS FAILED.* It is an experiment IN FAILURE.
If it ain't broke don't fix it, more power to ya. Personally I got the boot at 18 and been paying rent since, I'm 44 now, be really nice to have been able to save that money.
I’m the boomerang kid. Moved out twice, moved back twice. Been back at home for years now. Just working. Get along with my folks fine. Might move out again. Might move back again. Grateful for my family keeping the door open, always. This should be normal
Here in the Netherlands between the age range of 18 - 21, around 74% live at home. You're just set back with student debt and living alone is too expensive. The only people who live alone that I know around that age went into debt paying rent for a student room, or their parents helped them pay their tuition and expences.
i'm a parent drilled it into my kids, going to university is the WORST thing you can do, learn a trade. They all own their own homes and have families of their own now, none have a college degree and are set up for life.
college is a scam.
I'm 29 and still living with my parents. about 2 years ago i injured my back (literally felt like my spine was severed and couldn't get out of bed) and my income was fucked. luckily i had my family for support and bounced back a bit from the injury. Tbh, i probably would've killed myself if i was living alone and not being able to afford shit... yeah, it was that bad. I'm very grateful i was born into a Hispanic family that still practices this.
Bro why the video is so fresh I just opened youtube
"Why rent, when I can own!"... lfmao own what?! In my country they just raised the property tax by 300% on some places. People with their "property" pay as much tax as I pay rent.
Is it owning when you just switch from paying rent to a landlord to paying the rent to the state?
Where do you live and what exactly is the property tax you have to pay, before and after raising? I'd say this is not a common situation and more of an outlier. It's usually more advantageous to buy as the property likely appreciates over time and you have the option to rent it out should you need more cash-flow
@@phillipjiang1593 i dunno about him, but in canada you're paying $49,000 per year for just mortgage and insurances. it's not possible to buy or build homes
Property taxes are still a lot cheaper than renting. In some of these overpriced places people are paying monthly what they would pay yearly for a property tax, if even that
What country you live in brother? No disrespect but i need to know what to avoid.
@@themodfather9382 I think I was talking about whther buying is more advantageous than renting, which is a different conversation from whether one could afford to buy in the first place. Obviously if buying is not an option one would have to rent.
The 10% difference comes from women moving into their boyfriends/husbands house. It's not because of ''strong women''. Lot of young women marry successful middle-aged men.
Yep. Women can stay in their parents house until their getting married. That happenes a lot.
lot = less than 1% of young women marry older than 20 years of themselves