More young adults are living at home in U.S., report finds
Вставка
- Опубліковано 11 лип 2024
- A growing number of Gen Z Americans are living at home even after they graduate from college. According to a Business Insider report, parents are financially supporting their adult children well into their 20s in this tough economy. Eve Upton-Clark, freelance features writer for Business Insider, joins CBS News with more.
CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+.
Subscribe to the CBS News UA-cam channel: / cbsnews
Watch CBS News: cbsnews.com/live/
Download the CBS News app: cbsnews.com/mobile/
Follow CBS News on Instagram: / cbsnews
Like CBS News on Facebook: / cbsnews
Follow CBS News on Twitter: / cbsnews
Subscribe to our newsletters: cbsnews.com/newsletters/
Try Paramount+ free: paramountplus.com/?ftag=PPM-0...
For video licensing inquiries, contact: licensing@veritone.com
Gen Z? Even millennials are still at home.
Some of them by their own accord.
What losers lol
Those who still have that option... I'm homeless in an old Toyota Sienna minivan in Los Angeles, after losing my housing twice during the pandemic, and couldn't afford the skyrocketing rents.
@@carolFerguson-on5gxsounds like you don’t like in reality
@@carolFerguson-on5gxyou have 27 comments on this channel alone😂 sounds like someone’s projecting
Well yeah, $100k in education gets you an $18/hr job and a starter home is $715k needs work.
Exactly!
Avg people getting low percentile grades expecting top percentile salary get real. Just because someone wastes 100k on school doesnt mean they bring 100k in value or even potential
@@vrythngyknswrng9323 must be an office dweller
@@vrythngyknswrng9323So only the tippy top should earn a living wage 😂
and No education gets you a job as an "influencer" or average grifter trying to sell you BS supplements or MLM.
There's no middle class.
Oh?
@@yamiyo6050America stopped producing and began rent seeking in the early 2000s. If you're 50 years or older, you got the last chopper out of Nam.
YAHUWAH IS OUR CREATOR AND YAHUSHA IS OUR SAVIOR THOSE ARE THE REAL NAMES REPENT AND RENOUNCE FROM ALL SIN BEFORE ITS TOO LATE AND DO NOT ACCEPT THE MARK OF THE BEAST STAY BLESSED WITH THE TRUTH !😊❤🎉
I love it how it takes tens of thousands dollar to do I survey that basically common sense lmao lol
There is middle class its the ones who owned homes before the house prices skyrocketed. They’re in a good spot. Rest of us… not so much
25 year old living at home, rent and groceries are too expensive to live independently & I’d rather be with family then a random roommate.
Let’s be roomies
@@LilXancheX hard pass but thanks
@@porsche180this comment made my day😂😂😂
I’m 25 too , living with my parents , but I pay them rent very month
Can’t relate . I hate living with my parents it’s absolute hell
I'm millennial still living at home, no shame guys.
I'm 36, never married, homeless since the pandemic, and living in an old Toyota Sienna minivan now, despite working, and not addicted to drugs.
Can't live with my mom because she died of cancer, and I don't get along with my dad anymore who moved away to Arizona anyway.
I’m 38 and still live at home. I have a jobm pay for groceries, help with chores, etc. It also allows me to have my cat since many apartments or rooms for rent don’t allow pets (some allow caged/tank pets such as hamsters or fish).
@@Network126I'm not sure that doing a few Instacart orders a week is considered "working"
@@Network126 Instead of working you're busy spreading your usual half truth garbage to other people.
Nobody wants to live at home or mooch off their parents. There's a serious socioeconomic problem that politicians don't know how to fix
@@bakerkawesa You actually think a politician cares to fix it?
Don’t be fooled, politicians absolutely know what could be done to help the economy. This is either happening by design, or is a byproduct of them, scratching all of the backs of corporations and wealthy donors
No, they don’t care to fix it. They’ll smile in your face and not care.
It was by design!
😐 it's not really mooching. It's how families lived for thousands of years. Lol. Moving out at 18 is some new strange kind of concept invented in the late 1960s.
You guys have been putting out the same video since millennials turned 18 😂
they just bullying us at this point
The younger half of millennials only, not the older ones.
Goes to show, housing has been expensive for decades
I miss the early 2010s...
Millennials first turn 18 in the year 2000. You think anyone was complaining about the economy during the late 90s era? I'm a Zillennial but I know this because all the reddit post of Millennials and Late gen Xers saying a good chunk of teens had jobs and cars during the 90s
She pointed out the reasons. Student Debt, Skyrocketing rent/home prices, inflation. If you're not working a highly-specialized, high-paying job, you're not going to accumulate any wealth if you're living on your own.
Me and my sister are living experiments of what you mentioned because our paths diverged, and we are both in our early 30s. As soon as I got my undergraduate degree, I started working at an entry level bank job. I lost faith in the system and never considered going for any post graduate degree knowing employers don't care and will not pay you much more for it. Fortunately, I had some inheritance so I was debt free and had no student loans. My sister on the other hand wanted to work at a hospital and needed to go for more years of school. I still lived at home but started working full time much earlier than my sister. My sister currently has a 6-figure job but because she lives out of state has to pay rent, she also accumulated $150k in student loans. I on the other hand was able to save and now have around $300k in liquid savings. Living at home really helps accumulate wealth. The family house was paid off before I was born so it's just maintenance and property taxes my family has to pay for. I feel currently I am at a wealth trap; I have enough savings for a good down payment for my own place but my current salary is barely enough to pay for a mortgage. Right now I am maximizing high savings rates and getting a steady good return on my savings. The monthly interest I get is around the same amount I get from a paycheck so it really helps cover my expenses and continue saving. A mortgage would throw off the extra stream of income I am getting from the interest if I decided to use some of my savings to buy a place.
@@jon6309 I am in a similar situation, although I am just getting out of college and started entry level job. I am probably not moving out until I get married. Meanwhile save save and invest all I can.
@jon6309 Keep living in that family home and make sure you can pass it down once more. My grandparents made the mistake of giving up their house before it was paid off and our family hasn't exactly prospered ever since. A home would be a huge boon now
@@WeTube-mf1it unfortunately I don’t plan to have children and so does my sister. The properties owned by my family if passed down accordingly is basically a big cushion for retirement once I get old. I don’t need a big home in an upscale neighborhood, a modest townhome would do just fine and whatever money is left over can be used to invest in high yield funds for passive income!
We are living in the best economy the country has had in years - Joe Biden 😂
Duh the American Dream is dead and gone why wouldn't they be
@@brinaldi81 why wouldn’t they be Mexican?
@@Pinakij huh
What American dream ⁉️ We had none. There's no such thing newsflash. If there is let us all know‼️🆗❓🆒❗
It's not dead. It's just in Dungeons and Dragons now. (True story. I have a wife and a kid on the way, plenty of gold, and the deed to a tavern in the game. That's called irony.)
The new American Dream is to move to a cheaper country.
by choice?... no, necessity
No, it's a choice.
@@erichskrika4041 "Just go homeless or live in a closet it's your choice that you live with your parents!!!" 🤡
@@erichskrika4041Sure, you can choose to blast your foot off too, but I don’t see many people doing that.
@erichskrika4041 your comment is laughable
I just had to move back with my folks when my rent jumped $800. No other units in my area and no new construction.
I’m about to be 24 and get paid $20/hr for 40 hr/week. Yet the average rent is enough to wipe out one paycheck a month, or half my monthly income. So yeah, I’m not moving out soon.
We are the same age, make the same pay and work the same hours and I feel the same way. I still live with my family just because I don't think I would survive paying over 1 Grand a month
You are 24 work 80 hours a week 40 at work and 40 doing side stuff NO EXCUSES
@@BerrSauyou are clueless
@@michellem6826 no I’m not go work at McDonald’s 50 hours a week. Or are you to good ? Then go do a side hustle another 40 hours (DoorDash,Uber, walk dogs, instacart) etc .. you should only be sleeping 6 hours a day and eating beans and rice go out there and grind lady NO EXCUSES
@@BerrSau so you listen to Dave Ramsey, uh? Yeah, you can only do that if your company allows you to work a second job. There are some companies where you have to get approval before you take a second a job, even a side hustle. Dave Ramsey does not have all the answers, just saying.
There’s a difference between being financially independent and being out of your parents’ house. Many people living “on their own” are still being funded by parents in some way. The economy is too tough and there is not enough stable good full time jobs and/or housing. This news lady doesn’t get it.
There's also a lot of people who are completely financially independent and pay all their own bills and don't use their parents money, other than living with them and saving on rent/mortgage, because a home is the only thing they can't afford with their salary.
Or they have about 3 other roommates to make ends meet.
Very true. Rents in major metros require cosigners with higher incomes. Market rate apartment buildings are built with this model in mind.
And those are the ppl who get the ppl who gotta live with they moms fired and then I wonder why crimes up budster@@roseywinter
Then how do more young people have homes than ever before according to this report? It can’t be both. None of this makes sense. Someone is lying.
Cost of living keeps going up, but paycheck's remain the same. We have a political system that cater to the wealthy.
I have a Bachelor of Arts degree from a great university. I have 6+ years of credible 9-5 experience since graduating college. I was fired (unfairly) from a job a few months ago. I've been looking for a new job ever since. I am being rejected from jobs that literally pay $17-19 per hour (can't afford a studio apartment or groceries / gas for that amount). I hear about people being unable to land jobs with little experience, yet I have a degree and tons of experience and I'm still being rejected from every job. "People don't want to work anymore." Yeah....sure. Let's just say that.
Sounds like a bunch of excuses to me work at McDonald’s 40 hours and do a side hustle another 40 hours you should only be sleeping 6 hours a day eating beans and rice get out there and grind NO EXCUSES
Sounds like you need a husband. It’s okay to reject the strong and independent lies that older woman fed you.
I feel you. I couldnt find a job for over a year last year and I have a MSc in computer science. Now its looking like my new employer is about to do a mass lay off. All I can say is get closer to God. Its the only thing that will get you through.
@@thespiritualartofwarwhy would she need a husband lol?
@@gazthejaz8910to provide for her so she doesn't have to work herself till her hair falls out at some major corporation that doesn't care about her
"Why are you still living with your parents?"
"Because I am all out of *MONEYYYYYY!"*
I’d move back home to save money but my mental health is more valuable. My Parents gave me PTSD and trauma
Smart person and independent ‼️ Way to go❗🆒
I lost my housing twice during the pandemic, and then couldn't afford the skyrocketing rents anymore, so I ended up buying an old Toyota Sienna minivan to live in. Parents are no longer an option for me.
Me too.
Damn are you me?!
Why did your parents give you PTSD?
The main reason is the delayed adulthood caused by socioeconomic upheavals in the last two decades. The recession caused millions of millennials to get a bad start in their young adult years, then years later pandemic and housing crisis hit. As a millennial, I have not recovered all those years lost due to the recession and pandemic.
@@jacqueslee2592 Same here. I'm 36, never married, homeless since the pandemic, and living in an old Toyota Sienna minivan now, despite working, and not addicted to drugs.
Us millennials suffered through the recession. And the pandemic didn't make things any better.
@@NYRyder1983 Two recessions and a pandemic. We had three "once in a generation" events all happen to us.
Exactly! Thank you for stating this.
I don't see the point of life anymore... Everyday is just miserable loneliness for me, and endlessly working just to stay homeless. My mom already died from cancer 10 years ago, my transgendered dad and I don't get along anymore, and I'm an only child... I'm all alone.
It’s not just low paying jobs or lack of jobs…it’s EXPENSES and PRICE GOUGING that is killing young people. A six figure salary is nothing when houses START at half a million, cars START at 30k, insurance costs through the roof and covers less and less every year (have fun with an 80k bill for labor and delivery that your health insurance company will deny, another reason we are not having kids). Rent is horrendous and keeps going up. Young people have no path to anything but their parents couches.
Every young generation had the same problem. We got no pay either.
@@carolFerguson-on5gx no they didn't, a lot of jobs that paid enough to live your life back in the day don't pay enough to buy the same kind of life anymore
You're comparing today's economy with the one you're used to 40 years ago. 😑@@carolFerguson-on5gx
@@carolFerguson-on5gx why are you so shameless?
Eventually our parents couches are gonna be gone! Cuz they will be dead...sorry to say it parents then where will be at?!
Income inequality is out of control.
Exactly. I lost my housing twice during the pandemic, and then couldn't afford the skyrocketing rents anymore, so I ended up buying an old Toyota Sienna minivan to live in.
@@Network126i've been there before :( it gets better i promise xx
@@Network126 Your rent with Topete's was only $300 a month and your ex was only asking for $200 a month for rent at her place. Why are you trying to misled viewers with your lies?
That's true women make way too much
I couldn't afford a place on my own until I moved to Mexico because it was more affordable
The problem is jobs do not pay enough to cover student loans. Inflation costs, etc. main problem.
wrong
42.8 million borrowers have federal student loan debt. The average federal student loan debt balance is $37,853, while the total average balance (including private loan debt) may be as high as $40,681. Less than 2% of private student loans enter default as of 2021's fourth financial quarter (2021 Q4).6 days ago
(Less than 2% of private student loans enter default as of 2021's fourth financial quarter (2021 Q4).6 days ago) Read carefully XD
@haelynjoy how so? Statically speaking he's 100% correct.
yes they do, people just don't want to live below their means. It's a choice. They have no self control w/ their spending, and they've never heard of a budget. Then they whine about not getting things they want, like they've always done since childhood. They probably are gonna vote for cackling Kamala too, who doesn't give a 💩 about them.
THE SYSTEM has FAILED!
rent too high, prices too high, college tuition too high... yup this is WHY! And I am 45 and still at home too. NEVER gonna get outta this place with things being like this!
Wowww that's crazy and sorry to hear about your situation. And let's not forget jobs are not paying employees properly for an hourly rate or for a proper salary. They still want to pay you either $18 an hour or just $20 an hour. That's insane.
@@trustnoone3007 YEAH.... 18-20 WOULD BE NICE.... Then you go to look for work, fill out applications, and they never call you back.... not to mention i am stuck on disability which pays you basically NOTHING!
@@trustnoone3007 if places were so desperate for workers they'd be calling me back! if someone offered me 18-20 i'd take it in a heartbeat!
@@trustnoone3007 most i ever made was 11 an hour.
I’m 35 im a US navy veteran. I live with my parents I pay them 700$ a month in rent . I drive a 2000 Nissan. Saving for a foreclosure home at the auction ..no shame in my game at all.
Not at all,
Doesn’t matter the path you take at least if you make it to your destination that’s enough
Hell yeah brother keep the money in the family i will inherit a house and many money that i gave in rent since the 20+ years i have been paying rent to my mother and one day she will need my help once she gets sick and i will be there for her. There is so much stigma in the West to go be some isolated independant loner in some city instead of staying with your family like everywhere else in the world. Breaking up the family and isolating people is excactly what big corporations want they do not want us to have community anymore because it is easy to rule over a divided peoples.
@@bobby5678-ck2tc yes sir much love! 🫡
This is quite normal outside the US. Some Americans are just biased and judegmental.
I'm 42 and still living at home... in fact my parents transferred the house to me and my sister to avoid legal and tax issues as they age. Rents are just too high to live alone.
Also more and more it's my sister and I supporting the parents financially... they can't afford to live alone either 😢
@@bjturon That was a smart family move. Very reasonable & responsible. Dealing with nursing home astronomical expenses now & wished my elderly father & I had planned that way. He's 87 & I'm 62 & cannot afford to live alone. Not just the younger generations having a hard time. Most of us are. Good luck!!!! to all
I am 33 and come from a somewhat wealthy family but apparently my job in finance is not enough to even match the standard of living of my parents. My father never worked when we were born and owned several properties. Luckily for me, there are two residential homes my parents own. Since my father passed away my Mom decided that one house will go to me and the other to my sister. I don't really get along with my sister and she is not very good with money so I don't trust her so it really works out. If there was only one house I don't think I would be able to live under the same roof as my sister and would just cash out.
@@jon6309 this statement right here, I am 33 and come from a somewhat wealthy family but apparently my job in finance is not enough to even match the standard of living of my parents, says a lot about the current situation. The current situation is that incomes have never increased to match the standard of living as it is today. They have stayed behind and this is the reason why we are in the situation that we are in.
@@writingroombeachcourt7837 I feel really trapped with my situation. Living with my Mom has really helped me accumulate a lot of savings and avoid debt. Banks don’t really pay that much and even with job hopping at best you will get 20% more for the new job which is not life changing at all after taxes. Right now I am very conservative with my savings and I’m really taking advantage of the high interest rates offered for deposits. Currently I earn around half my monthly net pay check in interest so it’s a really good extra stream of income at the moment. I could afford to put a good down payment for my own place but it would reduce my savings substantially and I would lose a lot of the interest income I am currently enjoying. Also my salary from my job is barely enough to keep up with the mortgage payments and other living expenses. My sister works at a hospital and earns substantially more money than me but she told me she wishes to have the same savings as me but can’t because she has $150k in student loans outstanding. She also started working at the hospital in 2021 which was the worst time for medical professionals going through burnout. She actually doesn’t like her job and wants to quit but can’t because she still has student loans and needs the money to pay it off. Her plan is to aggressively pay off her student loans so she can go back to school for law.
Wonderful. Another group of brain-dead speakers who are pinning this report on everything but the ACTUAL cause. It's a response to the current economy of rising costs and stagnant jobs, not this creating a "new life phase" nonsense.
It makes no financial sense to rent a 2300 a month one bedroom on a 65k income. That's the cheapest in my area.
cryyy
But if you can afford it then WHY NOT??
@@kristinathegamer quiet.
@@kristinathegamerrandom rage bait lol 😂
What area
How about you raise the pay, lower the cost of housing. Our grandparents paid 45 dollars for an apartment
Biden’s record inflation destroys lives.
They paid that $45 monthly rent based off .80 cent per hour pay. Looks like the struggles the same.
I’ve noticed Latino and the Asian(Mainly Chinese, Korean and Philippino) communities living 3-5 out of 2 bedroom apts to counter the incline. They save money for a few years then move out, usually with a girlfriend, once they’ve gotten enough raises at their regular jobs to be able to afford 2 person household living.
When I worked at the Atlanta airport I noticed the difference in how each culture lived. I’ve lived with a roommate for the past 18 years. I almost had a good career girlfriend 6 years ago, but she didn’t want to have a kid. :(
@@Ardante11my grandmother made $100 a day in 1977 working for the usps. That's about $520 a day in 2024. She paid $8000 for a 3 br house on 40 acres. Today usps still pays about $100 a day and houses here cost around 300k with little to no acreage.
Financial survival today is MUCH more difficult than it ever was for any living generation.
Lol
@@Ardante11 Latino and Asian communities do this because our parents know how hard it is outside the US to just move out of the parent’s home. The US may look rich but our economy requires us to spend more money. Even in parts of Europe living with parents for a while is normal. The stigma really should end I swear.
Im 34 living at home. I work 3 jobs and sleep 3 hrs and on breaks. Life is tough
lamee
Man good job on working 3 jobs but geez dude that’s no life to live. Barely sleeping, working for man made paper and still can’t afford? You are doing the right thing, someone else isn’t. *cough gov*
@@kristinathegamergo away troll ;)
I hope you feel better bro. Hang in there!!
I think you need to look into a healthcare career. Some healthcare degree requires only a few weeks of certification. You can even do overtime. Working more than 2 jobs is insane.
We’re all in bad shape now
True.... fun's over.
Republican trickle-down capitalism economics from the 1980's is going to work any minute now
Lol. They keep insisting on it since Regans time.
thats hella long ago, get over it...none of those policies impact us today and a lot of it has been repealed. there is not excuse for democrats who have been in power the last 10 years
@CyberwizardcoolTrump?
You are joking right? Have you seen how much houses/rent are since 2020? Its up 55% and thats due to Biden and his spending/ extra regulations to build new homes.
@@qatarworldcupwinnermessi George W. Bush?
Bruh we can't find jobs
Bruh houses in my area are in the low 1’s. That’s $1 million.
😂😂😂
EXACTLY.
Heard of renting with friends ⁉️🙄 duh@@sirdiealot53
@@lukep2922so . .
Rent would be 50% of my monthly paycheck in my area.
that makes people live pay check to pay check no saving
Have no shame living at home as long as you are on your purpose. Head down, keep grinding, block out all the outside noise.
We all the 29 year old living in our mothers house’s now
Biden : the economy is strong
Me: am I a joke to you sir?
I’m blessed my parents supported me after 18+
Same but mine are too toxic to live with.
I'm 29 I'm still living with my parents. I bought my own condo but they still want me to stay home. They are getting older I want to help here and there
Housing/Rent too damn high, wages low, benefits gone, prices in general are extremely high - the older gens have made it impossible to live. Also, this news caster doing everything to NOT blame themselves or older generations/government for these problems. REALLY bothers me that she is SO out of touch with these issues.
Yep. I lost my housing twice during the pandemic, and then couldn't afford the skyrocketing rents anymore, so I ended up buying an old Toyota Sienna minivan to live in.
The tax burden has changed from the wealthy to the middle and lower class. We are drained. I’m a boomer and can’t make ends meet!
Yupppp this video is so tone deaf
@@Network126 You had plenty of support over the years but you made bad choices and never owned up to your decisions.
@@Network126 Your rent with Topete's was only $300 a month and your ex was only asking for $200 a month. Why are you trying to misled viewers with your lies?
My 37 yr old is moving in with his wife and baby. It’s the only way they can save for a house!
Understandable
@jennifershanks453 No, it's not understandable. Kids don't actually save when they live/move back in with M&D. They bum around playing their video games, buy new cars, name brand clothes, and take extravagant vacations. Parents need to learn how to "tough love." That's the only way these kids are gonna figure out how to make it.
@@charlybucket2691 Oh OK, you can't just run away from home and hitchhike to any town to get a construction job and live in a guy's barn like in 1978 anymore.
@mikesteelheart Well, that scenario seems unreasonable and unrealistic. I moved out at 19, paid my own way through college, and bought my own house by 30. No handouts, no parents to mooch from, no government assistance, no husband to carry a financial load. For most of my adult life, my annual salary has been under $35 - $40k. I have no debt and still managed to take a couple of nice trips. If I can do it, so can most everyone else. It's called budgeting, living within your means, and making wise choices.
@@charlybucket2691but did u do that in todays economy tho? That’s what matters boomer
I'm 27 and have never moved out of my parent's house. I very much desire to be fully independent and move out, but it just doesn't seem like a good move financially. I make $23/hr at my job and have been saving for over 5 years now. With the outrageous prices of monthly rent, I feel it would be silly to pay those prices when I could just keep saving at home and eventually put my money toward my own house someday.
Man imo what you need is a better paying job. I know the job market is hell rn, but going for certifications in tech/IT could bump your salary quite a bit. Also I don’t understand why ppl are so fixated on getting a house especially if they’re single or not married. I’m 26 and single, making really good money with a electrical engineering job. I rent my own place and honestly if I do want a house I’d rather look to live abroad and travel for real cheap before I plant my roots in the overpriced US housing market
You need to look into healthcare careers. Some just takes few weeks to be certified. The good part is you can do overtime and some hospitals can even pay for your school if you ever want to move up in your career.
My husband and I lived in an apartment for 5 years (3 during covid) and we loved our independence and privacy. We got married a couple years ago and while planning for our wedding, the landlord decided to not raise our rent by $50 but by $500!! We tried to make it work but my husband, who made decent money, had to dig into his retirement savings JUST to help pay the rent...needless to say we had to move back in with my parents temporarily until we save up enough to find our own house. HONESTLY, we didn't want to move back in with my parents especially since we moved out to start our own life together but we had no choice but to leave the apartment, live with my parents for now, and start saving....it's hard....
Don’t worry living with parents is normal outside the US is normal even in parts of Europe. You are just trying to survive nothing wrong with that.
27 and still living at home. I don’t want to, i dont have any other choice.
Hell its hard living at home. My parents dont pay anything for me. They just provide me a place to live with rent.
My mom wants me out of the house, but sadly I cant move out no matter how much I want to.
I’m around that age too, but I’m glad I have family as roommates instead of random people. Definitely a more comfortable feeling for me
Housing prices were reasonable 20-30 years ago, even on a very meager income single or with family. My parents who earned very little were able to start a family, car, home, etc. but with homes and goods/services tripling in price with flat wages, it's unmanageable.
Your value meal at McDonald’s were 3.99 30 years ago lol
Exactly!
Home prices in eve "undesirable" suburban neighborhoods are more than a quarter of a million dollars, some going up to half a mil. That's not normal. Relative to the flat average wages, average home prices should be at or below 100K.
Tax the rich
Right
Maybe you should work harder
@@reempire888You think hard work makes you rich? 😂
The rich in this country pay 60% of our narions taxes. They are already taxed....taxes aren't the problem. Unmotivated, entitled, lazy brats are the problem.....and the parents who taught them to be that way.
@@shaymalchione809smart and hardwork
Austin TX. Apartments are $1,600, car insurance $170, Groceries $300-400, while most jobs are paying around $3,200 after tax, month.
That's $1,030 left and so much wasn't included that will eat that up no problem.
At least u got money I have 30 left over after bills 😅
and u are being conservative. same in Las Vegas rn (July2024) with crazy prices. unless you make $50K. you kinda stuck at home
And that is all your fault not ours. School is too expensive and houses are more than we can afford.
mo
My sister had to move back home because her rent went up so high. It’s crazy out here.
I was told by society that I HAD to go to college to be successful and all that did for me was put me over 100k in debt and now I’m into a worse job market than it was in 2009, or so I hear from people… thank you to the govt!
How about raising the federal wage. How about not requiring 3x rent to get an apartment. I paid off a few things, thanks to living at home but MENTALLY. I can’t do it anymore. I love my parents but I recognize how much of a social life and separation I need.
The older generation is not focused on real world problems because they have profited from beneficial policies from the past. As an elderly millennial I can say to the younger folks that we must prioritize wind/solar energy, rain tanks, sustainable agriculture practices, workforce housing, reforestation etc. these are the jobs as well as the solution to the issues we face. Those who can’t lead must step aside!
Wind, solar and electric energy are all a scam
You're out of your mind ‼️‼️‼️
@@carolFerguson-on5gx nope super sane. Already working on said solutions professionally. Like i said if you can’t lead please step aside thank you!
@@BuhodePiedra That's your opinion kid. Stop whining and grow up so you can learn all you need to learn. Lived it on my own no money, no food but always worked without complaining. It's all part of life‼️😉😊👍🆗🆗
@@carolFerguson-on5gx errrr thanks for being condescending but I’m not complaining at all. I’m offering real effective solutions and telling those who are near senile and/or super comfy and retired already and therefore have no more will power or justification to be in positions of power need to step aside and allow younger folks who actually have skin in the game of survival beyond the next 10 years to lead. So go enjoy the retirement you earned. Enjoy! Like out of the way while you enjoy it! Because we will be having the consequences of inaction.
We’ve been talking about this since 2005. Can we collectively do something IN PERSON instead of bitching about it in the comment section?
Exactly
If it was not 2-4k a month for a single bedroom apt..............
Looking at the comments and man, even people in their 30s are still living home with their parents. Wow! 😳
Well even with a computer science degree for 3 years, I can’t find a job in my field. Try living on your own making $15/hr in an unrelated field.
Going off the gold standard has ruined our dollar. It was the greatest privilege we had.
you need an education.
@ralphee7487 no he doesn't. He's right
@@ralphee7487 Inflation is caused by paper money printed on whims.
I moved back in with my mom to take care of her after my dad passed. Spent 13 years apart and I’m glad I’m making up for lost time.
29 years old. Back in school to get a degree that will be financially beneficial. Lot of us have no choice
What degree ? I’m 28 I want to go back too
@@Raw.milk1 Nursie Education
@Hidden237 as a gen z im agreeing with raw milk. I want go too
18-29? What makes you think it stops at 29? LOL. This goes way beyond 29 years of age! This goes way into the 30's/40's!
Life competitions gets tougher in each generation as the population grows in the age of advanced AI that will make many human jobs disappear
People in Italy still live with their families in their 30’s and beyond
It’s normal in many parts of the world too. The US seems to stigmatize this more for some reason.
@@bmona7550 as an American myself I see no problem with it. Most people in America get lonely as they get older too cause they say kids never visit them and stuff like that.
Well when rent is too high, how you expect them to buy their own apartment!
Millennial here , I’m living wit my momma until I have at least a quarter million in the bank in todays world
I’m 66 and stayed at my parents house until 24 and had a $100,000.00 net worth when I left. That was 1983.
U still smoke?! 💨 🌳 😂❤
@@Mexicano1768 and the meaning of that comment?
@@TheRealEdStoner Ur name 😎
Trickle down economics failing to trickle down.
It did succeed, it just trickle down into the Billionaire class pockets.
Rent is no joke especially in the big cities
Las Vegas, a Decent 1 bedroom is $1,500
Living with good parent's is a blessing some people dont have that option sadly due to abusive situation so they have to keep renting
😂 my 16-year-old was trying to throw it in my face that when she turns 18 she's leaving...😂 I said oh of course you are honey of course you are...😂
She's been watching too many 80s films
love the boomer comments about just working harder.....
Working 90 hours a week
“I’m working double over time”
Boomer with 10 properties:
“Just work harder”
Make a video about 40 year olds with roommates, or married couples having a roommate
They wouldn’t
Exactlyyyy
or families having a roommate
It’s called “co-living” nowadays 😅 that’s the trendy name for it in L.A.
Our society is becoming a joke and the government has no idea what’s going on
This is what exactly happens when you require people to make three times their rent in order to even rent. Requiring Normal Working Class People probably earning around $50,000 a year to earn more like $80,000
You guys are literally having the entire Wrong conversation.
Im 30 and i still live my parents. I help them with the bills and groceries. I legitimately cant afford to buy my own house.
Yes, it’s ok living with parents as long as you help in one way on another
Same but I’m 26.
This is why the draft age was expanded. Military is becoming more of an option. They have comfortable barracks and 3 meals a day.
be careful what you wish for, there Sport-O
When college graduates' starting salary is $25 an hour, but the current living wage is $40 an hour. Of course, they cant live on their own
Wait, you guys are getting $25 out of college? Shieeeeeeeet. I'm getting less than that.
I don't see anything wrong with that as long as the parents approve of it
Yet people claim homelessness is on the rise and no one can afford a home anymore, yet they claim more young people than ever have a home. Which one is it? It can’t be both.
This is how people in various cultures in the ancient world lived for thousands of years. Children would remain living with their family for the rest of their lives. This way of living is much much older than the 20th century expectation that kids should move out by 18 to fully support themselves.
Working remotley and still staying home to save money on rent. Save $2k rent everymonth, go gen z!
There's no shame living at home. As long you contribute to living expenses. And not giving your parents or family members trouble. And realistically in this economic status. It's unaffordable & unfair.
there is shame
Probably because our parents got houses for 50k or even less 20-30 years ago and most houses cost 200k plus now 😂😂😂
Yeah, younger millennial here and definitely in the same boat. Me moving back home has been great for my mom’s mental health, but I feel like I’ve failed in some way. It feels pretty hopeless right now, honestly.
I live at home. However, all we can do is sack our money like never before.
You didn't fail...it's our economy. I think that anyone in your sitation, myself included have felt that way. But you do what you can and hope someday that it gets better.
You have failed. You should be on your own.
@DakotaFord592 Can you even read? It's the system that has failed US.
Lmao,you should feel fortunate and grateful you even have a home to move back into….
& they want all of us to have automatic brakes by 2029.. what a joke.
my sisters 27 and still lives at home. I’m 24 and just bought my own condo. I’m already seeing how expensive things are and I haven’t even moved in yet. Its insane
Doesn’t help you can’t find 5 apartments in ny under 2k with 2 bedrooms
We all went through that. You figure it out or live with mommy and daddy. Ha ha ha
And they want your income to be 3x the rent.
@@carolFerguson-on5gx Go back to bed, grandma. Sounds like you don't understand the actual problems with economy and housing price hikes.
Young adults can’t afford a damn thing under bidenomics 😂…… worst president ever
This has been happening when Trump was in office…remember that tax cut for the wealthy Congress passed……
no
I live with my parents. I saved 35k in my bank account and have with my 401k a total of 55k right now in 3 years. Except I help my parents with rent or whatever they want. If my grandma wants something or my parents I’ll buy it. About to turn 27 years old but me and my parents are planning to buy a big house together. If my siblings don’t want to help them it will be my house since I am putting in money but they are always welcome because I like taking care of family
This is way beyond old news
It's sad that young people literally can't afford to live right now. I'm an autistic 28 year old who is relying on disability and a part time job to survive. Even when you put it together, it's still not enough. I am still regularly receiving money from my parents even in my late 20s. I wish I could be more independent, but it's tough in this economy.
You can stay at home as long as your paying bills and helping them out
no
@@kristinathegamer yes troll
@@marcoAKAjoe NO UR A TROLL!!
The kids just gotta take care of the parents when they get old..
That’s the norm in Africa
I moved back home, chip in a small amount to help out.
Tell that to the boomers owning 10 properties
income
Tell that to corporations buying up starter homes and replacing them with condos that cost more to rent than own the previous houses.
No kidding?!?🤦🏻♀️
I’m a millennial and take care of my mother, we have to stick together to pay for bills!
All ages are living together right now, everything is ridiculous right now. But, I do believe that children need to help pull in income and not leave everything on their parents.
Yeah because US Taxpayer money is being sent overseas instead of investing in America.
Very rural area where I am but for young people to have the same rent ratio to income I did here in the early 2000's, they need to make about $40/hr. No starting salary pays any where close to that here. The rental costs are ludicrous.
Stayed home with my parents from 25-27 years old up until right before the pandemic hit. 2019-2020. Saved up 12k. I still had a good social life while living with parents and even had a GF. I get not wanting to stay with your family around that age and point of life but when I moved out it gave me the biggest jumpstart on LIFE that I cant even explain.. I try to tell my younger family members and close friends to stay home if possible and save! Enjoy life!
This was the same news head line for my generation, the older Millennials (now known as Xenials). Also, my sister had to move back in with my Mom at age 49. She is helping her two kids financially with keeping roofs over their heads. My neice and nephew both have kids and both have apartments and can't afford the rent. So my sister is basically broke, and helping them while living with my Mom and helping take care of my Mom in her final years of life.
So many of my friends are struggling hard given the high cost of living, low wages, lack of healthcare/dental, etc.
weird world we live in the government sees all these statistics and still dont pass things to help because its all about a dollar they are not looking at the psychological after effects.
The American dream is over since the 60's-70's even early 80's.
Some Americans started migrating to Europe now as we're speaking. America is over. No health insurance, huge educational bills, violence, gangs, huge drug crisis, no safety. Staying at their parents house should be the least of America's problems.
My parents bought my childhood home for $92,000 in 1993. That same home just sold for $399,000. Wages have not quadrupled. I have a professional job here in FL, but the housing prices are just crazy. I just want a simple, small home in a safe area. It’s not just companies buying up properties that are the problem, it’s the corrupt insurance and taxes that keep kicking you down. I still drive my first car and take care of it. I don’t buy many luxuries. I shop mostly at thrift stores and shop frugally for groceries. There’s only so much “just not buying a Starbucks” can get you. Thankfully, I worked enough to not have any student debt. And then they wonder why we don’t have kids! I’m not giving up, but damn have they made it hard.