@francismarion6400 Funny you say that because housing prices go up while Republicans are in office too. You're telling us that democrats have been on office for the past 50-60+ years?? So we should still be paying those 1940s prices 😮. Keep voting democrat 🤣
I have done the math numerous times over the decades. Overall, many things are now more expensive, but on the other hand, many things are not. Some things are for certain: 1.) 25 years ago, we only had 1 telephone per household. 2 lines if you were lucky. now we have a phone line for each person in the household and the telephones themselves get broken and crap whereas that rotary dial phone hung on the wall for 50 years and doubled as a weapon. 2.) As a kid in the 1980s, air conditioning was something only the well-off had. Now, every trailer in America has that. 3.) air conditioning was optional equipment on cars in the 80s. Now regulations require a half dozen air bags, antilock brakes, stability control, etc. Cruise control was optional back then. Immobilizers barely existed. This all costs and is expected now. People literally can't figure out how to get anywhere without a GPS to tell them where to go these days. Would YOU buy a car without air conditioning? 4.) Houses are bigger than ever. Like cars, building them is plagued with rules and regulations that push the costs UP. 5.) Internet? What's that? $75/mo? Why? 6.) Even in the 1990s, satellite dishes were these big monstrosities. Now it's this little 18" dish and the trailer parks are littered with them. 7.) Getting on a plane and going somewhere was a rich people thing. Now, WHO HASN'T been on an airplane NUMEROUS times? I can go on all day long with this stuff. The truth is that people spend like never before, and there is a growing gap between "upper middle" class and lower class. So, yes things are expensive, but at the same time, people buy crap they don't need like there is no tomorrow. It's not as bad as people are lead to believe.
@paulstandaert5709 Internet has become a utility this day in age. Just because it wasn't then doesn't mean it is now. Yes you can have it cheaper where you don't have to stream Netflix. But it's how the world communicates now. No? Well their are older generations from the past that could of applied the same line of thinking to running water or electricity.
@jamesbridges6502 yep, and the Internet is a perfect example of how things have become cheaper and easier these days. Hell, my phone bill is $25/mo with unlimited everything. I could literally turn off that utility and tether my cellular phone and get by quite well. My landline was $33/mo back in 2003. So... As I have concluded, it is not a necessary utility.
This is why i hate media like this. They never show ACTUAL people suffering, they show some brat with a mercedes living on the shore who CHOOSES not to move out. People like that always get the spotlight show some compassion
I agree. If you start out with nothing and yet somehow start to actually build a life for yourself, there are still some sacrifices having to be made since we aren't the generation that got married by 20 and had a house with a white picket fence, a dog and two or three children by 25. Instead, many are still having parents living with them while trying to make a life of their own which may consist of limited space when going the multi-generational household route (using myself as an example, though.)
@NikkiCaswell It's a smart way to go. In my case my family split up years ago and every generation seems to despise the generation above them. That's just personal. But nothing in this video explains anything you got miss princess with everything she ever wanted arguing with someone who bought a house at the price of under a down payment needed to start a mortgage on one today it just doesn't make sense. I just wish they would show the in person people who work daily to make ends meet and yea someone in your case where you have to live with family in multiple generations just to get by.
I lived with my mom until I was 30. Now that I have my big-boy job, she lives with me and pays $0 in rent and utilities. She took care of me, now it’s my turn to take care of her. EDIT: I’m married. lol my partner has the same mentality and both our moms have their own space in our in-law suite.
wow. that's heavy dude. so, this is the rest of your life... incontenance, alzheimers, all of it. Thats a commitment man. You're brave to take that on.
Hats off to you. I was my moms caretaker for 10 years before my brother took over the responsibility. Just remember to take care of yourself in process. Yes, you’re mom took care of you but that’s a parents job. There’s no shame in putting your needs above your parents as an adult
Exactly, sell the Mercedes (thats a downpayment on a small mortgage alone if no debt is attached to it), you and the bf pool together money and gtfo. If the guys I worked my job with made $20 an hour and got by then you can get by with a bf and a remote job. Insane.
@@believestthouthis7 it's because in any major city the price of a studio apartment not including utilities is like 1,200-1,600 a month. And that's average. That plus car payments/gas, groceries, wifi, phone bill, car insurance. If you have parents that love you and have the space Its 100% understandable that you would want to stay with them and save up money. Because it's just comical at this point how expensive it is out in the world, I barely make enough to live and I have 3 roomates man. And I make 20$/hr full time with bennies. And I still find myself scraping change together to eat bro. My mom passed away and my dad moved to take care of his sick mother so I don't have parents to crash with, I'm 23 so that's why I made the comment. Life's rough this day and age dude, all the boomers and older that I've talked to say it's ridiculous how tough it is compared to when they were my age.
@@XannKan I get it, it's hard out there. I used to be single and take care of myself but now I am at home raising children. We make living on one income work by keeping expenses low and living where the cost of living is more affordable. I should add that God is our ultimate provider, so I give thanks to God for taking care of us. Living with a spouse and children is so much better than living with older parents to me.
The worst part is the people working hardest are getting the least remuneration for their efforts and then shamed in the media for not taking more hours, more work despite the poverty wages. 40% of people in work need state support. That’s a reflection of greed not poor work ethics by working people. This is being done by design, by greed.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate and stocks..
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances...
How can one find a verifiable financial specialist? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
How can one find a financial adviser? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
You can point fingers all day, but the hard truth is this: money isn’t circulating through the economy-it’s climbing straight to the top and staying there.
That's the consequences of uncontrolled capitalism. Money keeps flowing to the top while only a trickle flows to the bottom making everyone at the bottom to fight for scraps.
@@gotfan7743What scraps? If you are working a very menial job that requires no skill whatsoever. You will be broke and can’t expect to make a living to even support a family.
@@GNMi79$95k today is worth much less than $95k 20 years ago. Cost of living and other expenses have risen a lot, while most wages have stagnated or barely risen except for in high-demand areas like technology.
Through cheap labor, via multiculturalism and outsourcing, putting Americans out of work. They can simply hire mexicans and indians paying them LESS they would a white American, while at the same time saying that they're Diverse and Inclusive.
This woman is NOT struggling. She is incredibly lucky! She lives in a spacious house in a safe neighborhood, has good relations with her parents, a boyfriend, a well-paid remote job and she drives a Mercedes! Most people in the world can only dream of such a life! If you want to show struggling people, go talk to one of the many badly-paid in-person workers who has to commute 2h a day and needs 2 roommates to be able to pay rent.
That's the thing with these news segments though: media never gave a damn about real poor people. This keeps making the news because lot of the people complaining about cost of living actually grew up with their middle class parents and grandparents, who got lucky after the WW2 manufacturing boom. They're now joining the reality that nobody in history anywhere has easily afforded a house; the American middle class resulted from WW2 and isn't normal. So now Millennials and Gen-Z, used to that default middle class lifestyle, feel "poor" because they aren't making the 6 figures that social media influencers are.
WTF! This woman has a well paying remote job, lives in a nice home in a nice neighborhood, drives a Mercedes, no kids, both her and her bf make 6 figs combined, and they all share the bills. how is this struggling?
Yeah.... She has a head start imagine someone paying someone's rent for 1 month. That 1 month is a head start. So Instead of spending that 800 or 900 it can be saved. Then when they get paid again and time to pay rent they got it plus they saved that 800 or 900. Then they can keep saving. If this example made any sense. She needs to get an apartment 2 bed 2 bath and let her peoples have their peace.
@YouDontKnowMe210tx Yeah what she is doing is a smart move but to say she is struggling is insane. She has gotten to a point where she and her bf cant fly the coup and be on their own
Unaffordable education, unaffordable housing, collapsing healthcare, insecure, poorly paid work and you may soon lose your human rights....I just cant imagine why so many young people have given up. Oh and no or a poor pension likely too.
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
I've shuffled through a few advisors in the past, but settled with “Annette Christine Conte” her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.
Some of us don't even get even that far either. I'm still living with my parents, and can't get past a single job interview no matter what I do. The job market is so bad right now.
@@hudsonfrank1121 I work retail as well and see the same thing. A few of us are using it to get through college, supplement retirement income, or like me, a bridge to retirement waiting for pension/SS to kick in. A lot of other people, this is their life and they're stuck in low paying work.
This is a horrible example of "Why So Many Young Adults Are Still Living With Their Parents In The U.S.". Someone in her situation is living at home by choice. Most young adults have no choice in the matter.
I had $20000 a good job I could have gotten an apartment The company I worked for went bankrupt I would have been pressured into taking a bs job with lower pay I chose to stay with mom
The only way to get affordable living is by moving away from developed towns. I work at a warehouse and couldn't afford any of the houses near the big city. So I moved 3 hours out, got a house for 70k, a job that pays $22/hr and only 5 min. drive away. Btw, the house I got was abandoned for 8 years. I spent about 1 month fixing it up to get it livable (kitchen, bathroom, and bedroom in good condition) and then an additional 2 months until I could get it was presentable to invite others over (water heater, AC, and replaced bathtub/water lines). Its a stuggle, if I could recommened 1 thing to the young people. Get a job in construction. I worked with my brother inlaw on odd jobs and he taught me a lot about fixing up houses/remodeling. There is no greater payment than knowledge.
@Gohsted these kind of videos are made by the same kind of rich scum which are responsible for the current cost of living crisis fueled by corporate greed .
She said her dad built the house for 350k while making 70k. However, median income is 132k now with median home costing 644k in the city she lives in. That means it should be much easier to afford a home. Interest rates are far lower than they were in the 90's. I'm guessing her job doesn't involve math.
@@collin9085they also said 70k in the 90’s is 144k now. I wonder if 70k was the median pay for that area at that time as well. Otherwise there definitely is a drop in median pay.
Kicking kids out at 18 never made sense in the first place nowhere else in the world other than America does it. The cultural reasons for kicking kids out at 18 came from a time when boomers were young adults and rent was $71 a month. Now that rent is literally 25x that amount it's time cultural norms change too.
I am sure if these young kids were willing to live the way I did at their age they could also have their own place. My first home was barely an improvement on a tent. It was a beach cabin and almost a complete tear down and we did all the work ourselves and had very low income. Flash forward a decade and numerous homes later we built our dream house as well as a thriving business. It just takes time, focus and teamwork. I think it is sad that young people aren't seeing the struggle as an adventure. I can't relate to wanting to start out in a house equivalent to my parents. Maybe in ten years, but not to start out.
My first “home” was a 20 square foot rack on an aircraft carrier and I shared it, and the bathroom and shower, with 50-60 other guys in the same berthing. Somehow I now have a paid off mortgage on a 3000+ square house. This lazy, entitled generation wants to start from the top, not the bottom like my friends and I did. Maybe some of them could consider enlisting but following an order you might find inconvenient would be a problem for them. They’d also try to file a hostile work environment lawsuit when a DI yelled at them😢.
Can we just admit that the US has become a middle class nightmare at this point? Our country is run by literal billionaires, the cost of living is through the roof and it can now take you over a year to find a job if you’re unlucky enough to be caught in a wave of layoffs. Ridiculous.
@6mazing Unfortunately, a lot of companies are using applications to either collect data on the labor market to adjust wages and hire only the picture perfect employees (that are then paid at the lowest wage acceptable). Ghost job applications are also used to keep a list of candidates incase anyone quits or is fired, give the impression the company is growing, or give overworked employees in the company the impression there is intention to bring more people into the company. It's likely many of those applications were for ghost positions that aren't actually needing to be filled, and the ones that do need to be are looking for incredibly unrealistic criteria for the position and pay.
Exactly, I’ve been applying to places for over a month now and have heard nothing back from any of them. It’s getting to the point that I’m almost ready to just drive my truck into a tree at 100+ mph, at least if I’m dead I don’t have to deal with crippling prices and unemployment.
The older generation just loves to call us all lazy but they all are retired and are completely clueless on how things are today. They lived the American dream so we can all suffer, and while that’s happening they call us all lazy, seriously stfu please
@@christian_Lemus most jobs now dont hire teen workers, and they are picky about you as a person, its even hard to find a job just as a teenager for someone
Victoria is living in a million dollar house and looks to have a Mercedes? This is who you interviewed for this? She could get her own place, she seems stuck in a wealthy lifestyle. If her job is fully remote, she could live in a modest 1500 sqft home in a true small city. Next time interview the actual middle and lower class...
She’s also complaining she can’t afford a home on the jersey shore. Well, most people can’t afford to live by the beach. Live elsewhere. And stop showing single family homes. There are other options for first time buyers.
That's the thing. She doesn't want to go from nice house and Mercedes to "crappy apartment" and no Mercedes. She wants to d better, and if she did the math, she probably figures she'll never get a nicer house unless she makes waaaay more money. Moving out is a one way ticket to Poorsville.
My 32-year-old grandson is living with us, Lord, have mercy. They have their priorities in the wrong basket, and it isn't in the basket of common sense. He has talked back to my daughter so many times, he cannot stay with her anymore and we should have left him living in his car.
What's crazy in the United States is that you can have a full-time job, be homeless, and the U.S. government will not consider you to be living in poverty because you make too much, yet you can't afford to rent, let alone buy a house.
If you have the skill set to make 30-40k a year (excluding California and New York and super expensive places like that) than you can afford to get your own place
You don't need a 10 minute video to understand that rent is sky high and basic homes are getting llisted for half a million and still going into bidding wars.
and then repeatedly voting to prevent any sort of affordable housing. There’s a reason the boomers are the richest generation in history, part of that wealth was taken from the next generation. Americans used to vote for the benefit of future Americans but now they only vote for their own immediate selfish interests.
@@se2664 The overinvestment by some to build a portfolio and then either leave residences empty or put them on short term letting like Stayz or air B&B only increases the shortage. The rent accelerates rapidly for those lucky enough to rent long term is rapidly increasing as the investor needs to pay off the loan. The generous tax rebates are then used to fund further debt and the cycle repeats itself until even well paid people who work in medicine find it challenging to rent or even buy. So a house /unit should not be a forever home but it is more than an just an asset. Not everyone is able to live with parents to save, even working multiple jobs or even end up with an inheritance.
Wait a second here. You are complaining the prices are too high, you make 100,000 a year which is probably about 75,000 or 6250 a month, you should have no bills, and all you are saving is $2500/mo? While yes you have to spend some money but where is the other $3750 going? The math isn’t mathing, and I’ll bet your budget incudes fancy car payment, shopping sprees, vacations, and $8 coffeees along with $40 lunches. So your living at home and tell me why you can’t afford a $350k townhome? I sick of hearing everything is more expensive for this poor generation and they will do nothing to help themselves, they want it all and want it yesterday. You know what Gen X did if we couldn’t afford it? We didn’t buy it.
Moved out and married at 24. Baby at 26. We had to move back home while I was attending college the second time because the first bachelors degree wasn't lucrative and rent was becoming unaffordable. 2 years and an associates degree later I made enough in 6 months to pay back my education loan and save enough to purchase my childhood home from my parents. We couldn't have made it without the support of my parents. Generational wealth matters.
Great, so in your case you made a mistake picking your major, and your parents had to help to fix your mistake. Hopefully, your parents did not have to pay for the first bachelor degree.
16 днів тому
My parents had to cross the border to work hard so we wouldn't struggle like them. My mom isn't kinda happy with me because I studied to become a welder.
Why are you guys interviewing a rich person? Obviously she will have no problem living in a villa with enough space. Not the same story when living with a toxic family in a normal small home.
Probably so older folks with money and who watch CNBC can complain that younger people don't face the hardships they faced and could save for a house if they stopped buying expensive coffee and avocado toast.
@@brg9327 But they can. If they stopped buying starbucks and avocado toast everyday, they can save $10 every day. And if they invest those $10 everyday in to the stock market, they could eventually buy a 2 bedroom, 1 bathroom house when they turn 80.
News media is part of the reason WHY young people are staying with thier parents. War propaganda and fear mongering is a for-profit business for both the media and the government, the more money printed via wreckless wars, the lower it's purchasing power, and the news media is part of that.
It's not necessarily shamed the way you might think a bad behavior such as being rude would be shamed. People are understanding when you have to live at home while being a young adult but it's considered something like "well that sucks you can't manage to get out but understandable". Like if a guy still lives with parents/family a girl is going see that as a negative factor for dating, like you couldn't manage to figure out a way to live on your own is not a good sign. Personally I think it would have been a real drain on my mental health to stay at home because it's in a rural area, small, packed/cluttered with crap, and noisy. Even though I have a mostly remote job the internet would have barely sufficed, and I wouldn't really be able to play games which is a huge pastime for me. It does make me a little sick to think how much money I would have saved right now though lol.
@@ThunderAstro-f8h Its never a dead end my friend. If you say the educational system screwed us, maybe we need to take it upon ourselves to learn and do what's best for us.
We're one of the few cultures where it isn't normal to have the family live together under one household. Those that live together generally keep a lot more generational wealth and have a lot more financial stability during hard times.
@ME-xc1st Well this isn't Asia... In Asian countries they also belittle women, eat animals that we keep as pets and other things that we would never do. Can't pick and choose.
We are almost the only country that doesn't promote staying with parents until you're financially stable. Why else do you think other races come to America and thrive even with lower wage jobs?
Im Mexican but grew up in the US, now back in Mexico. I was so confused when my cousin got kicked out at 18. Usually Mexicans stay at home with their parents until marriage. im not married yet but I moved out of my parents at 25 when I was able to afford it.
So if you you made 90k a year. you would rather spend 15-30k or just save that and buy something? If one path leads to you outright owning something in 5 years. And the other path leads to you spending 75-150k for temp shelter. It seems like saving 75k and living off 15 for five years is better. Why does someone need to waste 100k and spend more time need your approval? Like why’s it matter to you? If someone can clearly take care of themself and make a decent income. It’s clearly not a question if they’re incompetent or incapable. Would you want your kid to just give 100k to some already rich landlord or put it into their own net worth?
@@humpteedumptee8629 Worse part is before I used to not worry about finances because my military job paid for everything. Before this current job I had to pick between food and lights
I do not feel like THIS is a good example. A woman with a good income who can afford a home, who lives at her rich mother's home. This isn't the demographic this conversation is about..
I live with my grandma in San Diego and she loves having me there. I clean her house and make sure the garden looks beautiful. I am closer to her than ever. It's wonderful.
I moved out as soon as I graduated high school. I truly believe this was my biggest mistake. Had I stayed with my parents during college, I would have saved at least $100,000, and that’s just based on rent alone. If you find yourself still living with your parents, it’s ok. Do what’s best for you. Don’t let anyone shame you about that.
If I even had any parents until 30 I would legit be a millionaire. Moms dead and dad imprisoned, I make 100k but i have bills to pay, also a millenial.
Thanks. However my own problem is my parents house is emotionally/mentally toxic, and I wanna move out for my own mental health, not because what people thinks of me
My parents bought their house in Santa Clara back in 1980s for $60000 (3 beds , 2bath 1400 sqft house) , 2024 almost the same house is going for $1.5 million . I will never be able to afford it
They all want to be children forever. My generation got married combined finances worked together to pay bills and start a family. We would have been humiliated to have been living with parents
Rent is damn high! When I graduated from college I was able to go out and find a nice 2 bedroom apartment for only $700 a month. That same 2 bedroom apartment today with no upgrades is $1,900. That is insane and unjustifiable. A starter home in my area use to average $180k now its $425K. Smh
It's very justifiable to have $1,900 rents because the 40 -50 something generation want to live high off the hog and their Helocs so they can own swimming pools, take cruises, travel the world, wear designer jeans and designer sneakers, support their luxury lifestyles like weekly manicures, massages, and hair extensions, or their luxury coffee at Starbucks..... all things that we elderly people went without. Not to mention that they all want their homes perfect with all new furniture. My generation got started using orange crates and lobster pots as furniture.
I rented a shithole unit in an old house in 1998 with two roommates for $375! That's $125/month each for those of you bad at math. I've never had it so good. There are no "student slums" today because they've all been torn down for condos or rent for $2,800 a month.
@ yea unfortunately people who never had toxic parents sometimes do not realize how necessary it is for them to move outside of their home. Narcissistic, psychotic, hateful, physical and mental abuse are all known to stunt your mental growth and health. We shouldn’t have to move home but those who can should be grateful for the ability to do so
@aosaeanor thats an easy fix. Its called birth control and dont have kids. Also being awful can be genetic. Usually the adult is preexisting and should know having kids isnt all what its cracked up to be.
Education is considered experience nowadays. There is funding for schooling, but I'd suggest self teaching and getting certified. That way you don't go into debt.
@@mfknrmxthebangmessiah6012 You don't need to do. Most Gen Z are young and working close to minimum wage jobs. They need to go to a trade or get certified to get an early start within their career. Most trades take 2 years. Certs can be self taught and done at any timeframe.
I had five different jobs in my first five years of working. THAT's how you build experience. Also, don't sit on your ass at home all day, playing video games.
My 18 year old still lives with me and will be for a while. Why not? It's helping me out financially and it's helping him save money. Its a win-win for both of us.
Just don’t be upset when he’s ready to move out my mom was trying to make me feel bad that she couldn’t cover everything I still needed to be my own woman
My parents bought their house in the late 80's for 60k which was roughly triple your salary back then. Now the average house is roughly 400k-450k depending on where you live. Most people can't afford a house that's 10 times their salaries.
LoL at the average price, definitely depending on where you live. My parents bought a house when I was born in the San Francisco Bay Area for 25k in 1975, and it was largely done with saved up money so there was no 30 year mortgage either. Now that same house, which I'm now in possession of (but not as my residence) could get over a million, now granted in most of the rest of the country that's a fixer upper, and honestly shouldn't be more than 300k but location, location, location... and it's not even in a "rich" area either. Part of me waffles over selling versus the rent income, for now at least the rent is a nice supplement.
It all depends on the cost of running the house as well as the financial cost. It wasn't uncommon for people in the eighties to spend a fifth on their net earnings on heating alone. Today it's more like 3-5 percent if living in a modern house with proper isolation and an efficient heating system such as a heat pump. So just comparing the cost of the house as a share of income is foolish since it only captures a small share of the total cost of ownership.
Bought my house for 166k in finger lakes region of NY in 2020, 2bd 2bath on 5 acres……not everyone needs to live in high society, my mortgage with taxes is $1200…..less than rent for a 1 bedroom around here
I am Italian, and for us, it’s completely normal to live with our parents even after we start working. My mother never left her parents’ house, and neither did I. It’s not a question of affordability-both my parents are engineers with stable careers-but rather a cultural tradition. This way of life has allowed my grandparents to take care of me, cook for me daily, and take me to school and museums. Now that I’m about to graduate in medicine, I would love to continue living with my family. Why should I live alone? This arrangement doesn’t harm the economy either. Instead of buying a new house to furnish, for example, my parents bought a vacation home by the sea. Maybe I’ll buy another vacation home or even a boat! We simply choose to spend our salaries differently, often more wisely than renting an apartment. By doing so, we’re able to build our family’s wealth, passing it down through generations
European homes also seem to be built pretty sturdy compared to American’s. We have small households on average, and maybe the highest square footage/person, but I doubt the Average US building quality of recent decades has a great reputation. I’d, personally, take the multigenerational home to afford a nicer, high $/square foot with better craftsmanship to boost quality of life and have housing that is built to last
Sounds like an ideal situation. So why is Italy's population on a massive decline? Similar to Germany, China or Korea? You think given the situation people would be very optimistic
Same for my culture (my parents are Chinese immigrants). In our culture, the at least one child, if not more, would live with the parents. And vice versa (the parents would come to live with the kids, depending if the child has a bigger house). It was also a "family lives together" community thing. The quasi-US/Canada thing where the media told us that we "have to own our own home in the nuclear 4 person family (1 couple, 2 kids)" and how the kids have to get kicked out of the house and be independent is actually very new. Like 1950's post WWII era new. (Yes, you can partially blame the US government for this, in a method to keep perpetuating and fueling domestic economic growth and consumer spending, since well, moving out = spending more money). For the rest of the world, kids generally live with their parents, or an extended family (ala village), and only move out if room runs out or they have to, for job opportunities'.
My heritage is Italian (planing to move to Italy). And my parents let me stay with them till I can find work (well, marriage. But I'm not thinking about that now) My grandparents where the same to my parents. They didn't moved out till they got married. I know when my mom got divorced in her previous marriage, she moved back to her parent's place till she married my dad. When we were moving. The 3 of us ether moved to my dad's parents' place, then my mom's parents' place
It prepares you for adulthood. There was a huge difference between my brother and myself. He spent his money on whatever he wanted until he got kicked out. I was living by myself at 18 and got into IT by 20/21. He didn't try to go for a good job until Macy's laid people off at the age of 30/31. I even helped him cheat on a cert so he could get certified. Now he works for the city. Huge difference
@@BethelPJ Imma just be real with you... Your brother is an idiot. Not everyone lives like that because they live with their parents. If someone has to be "kicked out" of their parent's home, the issue is them.
My son wanted to buy a home, he makes 60k a year, so he could afford about 170k mortgage. The only houses for 170k where we live are under 1k square feet in not so go areas. I would rather he stayed with family and saved more than buy an over priced house in a not so good neighborhood with bad re-sale options!
I'm in a similar boat need to invest in stocks. Stuff like BJS wholesale club that will be around to fight inflation, not reddit crypto spikes and day trades.
Sometimes, someone needs to buy a so-so condo or a house that is not a 'dream' house. However, s/he can build equity, or flip a house. Then the second purchase is the 'dream' buy.
Because rent is hella expensive and jobs are unstable and don't not pay as much. The average one bedroom is now $ 1,500 per month in the US. That is obscured amount. Plus landlords require you to make 3x to 4x the rent. Privately equity companies are buying up homes and turning them into high priced rentals. That is why more adults are staying home with parents and family. Its either that or living in a car parked on the side of the road. That is the reality of America.
@Andres_Acosta he did mention it. He said renters need to make income of 3x-4x the rent (which is the accurate figure). No one needs to make 30x rent. You are talking about annual income vs monthly rent, so to compare apples to apples, divide your number by 12. I've lived in a dozen states, currently in NY, and it's usually 3.33x (annual income of 40 times the monthly rent).
I should of bought a house back in 1996, but instead I was too busy being born. I wake up every night with night terrors over that one! I will NEVER financially recover from that mistake
@@meatgravylard ah yes, hustle culture. Where people are forced to roommate with a human stranger who they can't trust 😃 Let the man vent and share his experiences, please 😒
my mother tells me this every day, i never married but i choose not to, but i lived on my own for about 8 years before she had a small accident at home that landed her in ER. now after that, i sold my place and came to live with her, because it was easier for her to have someone to not only help but also keep company. we split the bills for basically everything here.
I was thinking this the whole video. How adult children and parents living together are always spoken about negatively when it should be a blessing. I guess the difference, though, is whether it's a choice or if it's only a matter of necessity.
Exactly. I didn't think that I would be having such a hard time physically in my late 50's. I appreciate that my son and I get along and that he will help me anytime.
I read that Blackrock has an inventory of 600,000 single family homes. They keep these homes off the market to inflate the value of housing. They aren't the only outfit doing this.
Awful framing of this story, you focused on a decently well off woman for whom this problem is very likely temporary instead of the actual issue. This story should have focused on someone who had basically no chance of ever making it into a home and their struggles, someone making 40k or less a year. It is also criminal to not showcase the massive jump in home values since their parents time, compared to salary. I guess a corporate shill like CNBC doesn't want to upset the shareholders.
The fact that the US thinks this is wierd shows you how wierd the US is. In Asia this is the norm. Having three generations in one house or compound is not only common, its socially expected. Kids take care of their parents, parents take care of grand parents.
Same with men in most of rural Africa. Sons are expected to keep the land of their forefathers out from being taken by foreigners and take care of older family
I agree. Coming from chinese immigrant family, I've always seen children living with their parents. The only time they don't is if they have to move to a different place all together because of job prospects, or other family problems (like divorce, abuse, bad environment).
This girl works from home and drives a Mercedes lmao. She is not struggling… she is living life off her mother. Great job, msnbc. Next time find someone who is actually struggling
@@aaronkelley3865 They listen to their parents when they are 10yrs. The parents teach them to go to school and how to do things the right way. They are children.
Idk why news media asked these ridiculous questions. Average home right now is 400k the average person has a student loan. An the average person doesn’t make enough to afford rent or buy a house.
I’d rather live with parents than a bunch of random roommate strangers. Plus it’s easier for everyone to split costs and save. In most of the world, families live together so it’s not some new phenomenon. There’s a lot of benefits to being with family. It helps reduce loneliness and is good to support each other.
I hate living with roommates too, but I rather have some quiet time, a working toilet and shower, and not have random family members popping up every other day to annoy me. My next move is to be on my own though.
And family are more trusted to actually pay their fair share of bills. A roommate can be spiteful and rack up thousands in damages or steal from you! And you’re held liable since you’re on the lease
The smartest move is to NOT MOVE OUT. Stop believing the narrative you have to obtain a mortgage or pay high rent and put yourself in debt. Stay in the house. That’s the smartest move. Save your money. If anything add an addition to the house. Kids, grandkids, spouses, if your parents agree make it a family dynamic. Help with the bills and parents NEVER sell the house! Kids repeat the same family dynamic with your kids and so on and so on… Live rent and mortgage free, stay out of debt, travel, enjoy life, enjoy your family. You’ll all be happier and healthier!
Uhhh because it's normal for families to stick together. American culture loves to separate families for profit. I live in a multi generational household and it's a blessing!
Families are a mother and father and children. Everything else is extended family. That could get really messy under one roof. Who is the head of the household?
Gimmie a break. Kids don't leave home because they're following a cultural idea, psychological abuse pushes them out. The ones that leave leave because they have to in order to build a life.
IT'S SUCH A MYSTERY!!! WHY CAN'T YOUNG PEOPLE AFFORD HOUSES THAT HAVE BEEN TURNED INTO MAJOR INVESTMENT ASSETS BY THEIR PARENT'S GENERATION WHILE WAGES HAVEN'T KEPT UP WITH INFLATION AND DECADES OF CORPERATE PRICE GOUGING???? SO MYSTERIOUS!!
the problem is not not having enough money, the problem is people don't wanna live in a humble space. They think they're worth more than what they can provide to the world and let people influence them. I wasn't saving money where i used to live and instead of moving back with my mom I moved to a cheaper apartment, stopped buying new phones every year, new clothes, shoes, automated my bank accounts. Saved $20k in 11months. I choose to stay in the midwest, because this is where I'm gonna get to my goals faster. People wanna be in Miami, LA, New York and shame other people who live in a different state. Your choice.
I'm in my 40's, everyone my age that owns a house, didn't actually buy it. Was given to them by parents/willed by grandparents ect. I paint aircraft parts for a living and I cant afford to buy a small house on my income. You need a income of around 100k per year to buy a small home , 50 - 60k a year don't cut it, you cant save and live like a pauper. North Texas.
Really depends on where you live. Also in my 40's and bought a small house before 08' on a below median income. It is challenging now with the dollar devaluation of the past few years and private equity gobbling up housing. No family helped us purchase and fixing an old house took a lot of work.
I hate the fact that most older folks will go “Why are people in Gen Z not buying houses?” while also ignoring the fact that the cost of everything is almost unlivable.
BACK IN THE DAY - I got a great paying job after I graduated college. My parents allowed me to live with them for 6 years. I was able to save $340k by not spending a dime. I purchased my home and moved out.
56,666.66 after tax each year... that is an est. $81,000 job out of college. if you are genuine about putting away every penny... so that ALSO means not only did you live with your parents but they paid for all your expenses too.
That kid needs to be contributing something to the household. She should be paying rent, a utility bill, the taxes, what is that like 1 month rent or buying food.
She's privileged enough to stay in a big house where she isn't being charged rent, not accumulating debt, saving a huge chunk of her income, and big enough space for everyone to live peacefully. Not many of us have this luxury
It's totally possible, just think realistically, do you need a big place to stay? Hopefully the parents aren't toxic and hopefully the child was responsible enough to get a decent career going...
I’m 26 and live with parents, it’s because my dad survived 3 strokes and needs my help and mom has respiratory issues so I gotta do their chores. Balancing college and home and self employed job isn’t easy but with careful planning it usually works out. It’s not easy to find a date because as soon as they find out that I live with my family, they immediately think I’m broke and kinda want the date to end and ghost me, I’ve tried avoiding the question but I live in an area where people have high ambitions and most people in my city are much older than me so the dating pool is even smaller.
Don't avoid the question. Explain it before you take them home. "By the way, I'm self employed. I live with my parents right now because they've got some health problems." People worth it won't be turned off by that. Taking care of your ailing parents is very noble.
@@CreditR01 Tried it and noble isn’t really selling anything. Apparently my programming skills are whack even though I’m a business major and not knowing my favorite boba tea shop is a skill issue according to one of them
Frankly, stack up your $$ while doing something beneficial for your parents & yourself; youre a man & can get married later in life, to a younger woman even! unlike women who are measured by a “biological clock”. Hang in there ❤️🩹
1/3 people aged 18-34 live with their parents, 1/3 are homeless and living in their cars, and 1/3 inherited or bought a place (might even be an apartment even)
So wait 1 in 3 between 18 and 34 live at home but yet they are in debt? Sounds like they are spending their money on crap instead of what is important.
20years ago, I saw my neighbor’s son living in the basement of his parents’ house. He fixed things here and there together with hos dad and went salmon fishing together quite often. I thought it was a really nice family life.
Isn't it interesting how billionaires often brainwash people into believing that chasing money isn't the path to happiness? The truth is, while money itself might not bring happiness, it does provide security and freedom. These billionaires are securing wealth for future generations, and one thing they all have in common is that they're investors. It's crucial for people to take their financial literacy seriously and consider investing in the stock market. It really can work for you and help you build the financial future you deserve.
@ we all play by the same rules, if I can afford to live this life without complaining and still found enlightenment why can’t anyone else. All excuses in my eyes and ears.
Responsibity is the wrong word but Latin family’s are very close and supportive. I’m 25 and cuban.. my parents don’t want me to leave my house because it doesn’t make sense to give my money away on a overpriced rent. There are some boundaries in the house tho 😊
CNBC really looked for the ‘young and struggling’ for this one…. I can only wish I lived in oceanport, drove a Mercedes, and made almost $100k a year with no children…. The US economy is trash, we work 50hrs a week and make almost no money, utilities are out of this world expensive, food bills are astronomical… so until all of that is fixed, we, under the age of 45 or so, will continue to struggle. And many of our parents don’t understand.
Her mother was spot on about the multigenerational culture. We are the only ones. Black parents ready for their children to be out at 18. When I moved out of my mother’s house at 22, she did not want me to leave. We lived overseas my entire teenage years. She saw how beneficial it was. Who cares what others think as long As The parents are fine with it
@@rambodude467 the problem is also that we aren't building enough mixed use homes and that zoning laws are bad. we don't need more mcmansions and single family homes, we need more apartments, more condos, more mixed use housing.
The rent is high because the stupid property taxes is high. And the HOA increased. Also the insurance company triple charge their fee. Each time there’s an issue, the plumber and electrician charge an arm and leg. They blame it on the high prices of supplies and gas etc.
My son and I have been living with each other for 28 years. I never thought 10 years ago that he wouldn't be able to afford to live on his own. I was kicked out at 21 by my parents. I never wanted to do that to my son. I made A LOT of bad decisions because of being on my own so young with my first career job. I don't mind him being home. He's a good son.
I agree. I went solo at the age of 18 for the most part and I feel that I made alot of bad decisions because of that as well. I enjoyed the freedom but I could have had more direction from my parents and support in those younger years
Alot of people in the comments did not watch this video fully. The mother and daughter literally like having each other around and families staying together is normal around the rest of the world. I wonder why Americans seem to dislike their families so much.
When parents feel you should be able to do things on your own living with your parents is very unpleasant. They remind you everyday how much they don’t want you there.
US families aren't what they use to be. Would have stayed home past 19, but my young stepmom made life unbearable. And now that my dad is gone, she's just about blown through his assets in four years. Delighted there are tight families out there like the one depicted here. Works for them and that's great.
I dumped my Mexican girlfriend after 3 years of living together in my house. She wanted to bring her mom to be living with us and I disagreed. Their mom controls them and literally owns them! I dumped her 😂
Living in a multi generational home (paid off) is the best! Yes you have limited privacy but I’m saving hella money & my kids have plenty of cousins to play with. It’s beautiful!
It’s OK if you’re a woman, but in America the standards are a bit different for men. Personal responsibility and independence are socially expected in most areas.
@@tycobanditthere is a stigma shading women living at home too. If that was the case I wouldn’t have girlfriends and guy friends always ask me when I’m going to move out anytime I complain about my family
Should have bought a house in 1998 instead of going to kindergarten! What was I thinking?
Ikr why weren’t we going to the bank and putting down payments on houses while in our freaking diapers? Lol
Should have bought that $600,000 house when it was $40,000
Keep voting Democrat.
@@francismarion6400 Kerp voting Republican*
@francismarion6400 Funny you say that because housing prices go up while Republicans are in office too. You're telling us that democrats have been on office for the past 50-60+ years?? So we should still be paying those 1940s prices 😮. Keep voting democrat 🤣
Cost of living increases but income does not. This is rocket science to older people.
I have done the math numerous times over the decades. Overall, many things are now more expensive, but on the other hand, many things are not.
Some things are for certain:
1.) 25 years ago, we only had 1 telephone per household. 2 lines if you were lucky. now we have a phone line for each person in the household and the telephones themselves get broken and crap whereas that rotary dial phone hung on the wall for 50 years and doubled as a weapon.
2.) As a kid in the 1980s, air conditioning was something only the well-off had. Now, every trailer in America has that.
3.) air conditioning was optional equipment on cars in the 80s. Now regulations require a half dozen air bags, antilock brakes, stability control, etc. Cruise control was optional back then. Immobilizers barely existed. This all costs and is expected now. People literally can't figure out how to get anywhere without a GPS to tell them where to go these days. Would YOU buy a car without air conditioning?
4.) Houses are bigger than ever. Like cars, building them is plagued with rules and regulations that push the costs UP.
5.) Internet? What's that? $75/mo? Why?
6.) Even in the 1990s, satellite dishes were these big monstrosities. Now it's this little 18" dish and the trailer parks are littered with them.
7.) Getting on a plane and going somewhere was a rich people thing. Now, WHO HASN'T been on an airplane NUMEROUS times?
I can go on all day long with this stuff. The truth is that people spend like never before, and there is a growing gap between "upper middle" class and lower class. So, yes things are expensive, but at the same time, people buy crap they don't need like there is no tomorrow.
It's not as bad as people are lead to believe.
@paulstandaert5709 Internet has become a utility this day in age. Just because it wasn't then doesn't mean it is now. Yes you can have it cheaper where you don't have to stream Netflix. But it's how the world communicates now.
No? Well their are older generations from the past that could of applied the same line of thinking to running water or electricity.
@jamesbridges6502 yep, and the Internet is a perfect example of how things have become cheaper and easier these days.
Hell, my phone bill is $25/mo with unlimited everything. I could literally turn off that utility and tether my cellular phone and get by quite well. My landline was $33/mo back in 2003.
So... As I have concluded, it is not a necessary utility.
@paulstandaert5709 I said you can have it cheaper and don't need expensive internet....so I guess I should of specified "cheap" utility.
@paulstandaert5709 Water is pretty cheap too but we still would consider necessary and a utility.
No one talks about how upper muddle classes who live outside their parents home are actually being financially supported by their parents.
There is a lot of that in Toronto
Everyone plays out their advantages. What's the point?
As a percentage they are negligible
Bank of mom and dad is definitely a privilege rarely discussed
Or just living with them expecting to get the home
This is why i hate media like this. They never show ACTUAL people suffering, they show some brat with a mercedes living on the shore who CHOOSES not to move out. People like that always get the spotlight show some compassion
I agree. If you start out with nothing and yet somehow start to actually build a life for yourself, there are still some sacrifices having to be made since we aren't the generation that got married by 20 and had a house with a white picket fence, a dog and two or three children by 25. Instead, many are still having parents living with them while trying to make a life of their own which may consist of limited space when going the multi-generational household route (using myself as an example, though.)
@NikkiCaswell It's a smart way to go. In my case my family split up years ago and every generation seems to despise the generation above them. That's just personal. But nothing in this video explains anything you got miss princess with everything she ever wanted arguing with someone who bought a house at the price of under a down payment needed to start a mortgage on one today it just doesn't make sense. I just wish they would show the in person people who work daily to make ends meet and yea someone in your case where you have to live with family in multiple generations just to get by.
Poor people aren't interesting.
They don't want to be honest about the situation. They just want you to know that they are aware. Which is even more damning. 😅
They also don't show the nimbys who caused the housing crisis.
I lived with my mom until I was 30. Now that I have my big-boy job, she lives with me and pays $0 in rent and utilities. She took care of me, now it’s my turn to take care of her. EDIT: I’m married. lol my partner has the same mentality and both our moms have their own space in our in-law suite.
wow. that's heavy dude. so, this is the rest of your life... incontenance, alzheimers, all of it. Thats a commitment man. You're brave to take that on.
Thats amazing, congrats I hope to provide back to my family too!
Awesome. You are a real man!
Hats off to you. I was my moms caretaker for 10 years before my brother took over the responsibility. Just remember to take care of yourself in process. Yes, you’re mom took care of you but that’s a parents job. There’s no shame in putting your needs above your parents as an adult
@ No, it’s not the rest of our lives. Humans die. Until then, I’m proud to care for my mom and her copious amounts of 💩.
You chose a well fed, Mercedes driving, work from home person as an example of someone struggling???? MSNBC levels of delusion.
Never fails
Exactly, sell the Mercedes (thats a downpayment on a small mortgage alone if no debt is attached to it), you and the bf pool together money and gtfo. If the guys I worked my job with made $20 an hour and got by then you can get by with a bf and a remote job. Insane.
And getting Dik down in the crib 😂
How do you know that Mercedes was brand new? High depreciation makes German luxury sedans a lot more affordable than you might expect.
Seems like a good person to interview. Someone who CAN move out, but choosing to stay. Maybe I'm wrong.
Be grateful you have parents that you can just stay with. Some of us don't have that luxury.
This. Some people complain about living at home when many don’t even have the option. It’s so annoying.
Exactly
I can't understand why someone would want to continue living with their parents after they have become an adult?
@@believestthouthis7 it's because in any major city the price of a studio apartment not including utilities is like 1,200-1,600 a month. And that's average. That plus car payments/gas, groceries, wifi, phone bill, car insurance. If you have parents that love you and have the space Its 100% understandable that you would want to stay with them and save up money. Because it's just comical at this point how expensive it is out in the world, I barely make enough to live and I have 3 roomates man. And I make 20$/hr full time with bennies. And I still find myself scraping change together to eat bro. My mom passed away and my dad moved to take care of his sick mother so I don't have parents to crash with, I'm 23 so that's why I made the comment. Life's rough this day and age dude, all the boomers and older that I've talked to say it's ridiculous how tough it is compared to when they were my age.
@@XannKan
I get it, it's hard out there. I used to be single and take care of myself but now I am at home raising children. We make living on one income work by keeping expenses low and living where the cost of living is more affordable. I should add that God is our ultimate provider, so I give thanks to God for taking care of us. Living with a spouse and children is so much better than living with older parents to me.
The worst part is the people working hardest are getting the least remuneration for their efforts and then shamed in the media for not taking more hours, more work despite the poverty wages. 40% of people in work need state support. That’s a reflection of greed not poor work ethics by working people. This is being done by design, by greed.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate and stocks..
I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?
Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances...
How can one find a verifiable financial specialist? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
How can one find a financial adviser? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
You can point fingers all day, but the hard truth is this: money isn’t circulating through the economy-it’s climbing straight to the top and staying there.
It is all lies about these GUD jobs. My opinion
That's the consequences of uncontrolled capitalism. Money keeps flowing to the top while only a trickle flows to the bottom making everyone at the bottom to fight for scraps.
@@gotfan7743What scraps?
If you are working a very menial job that requires no skill whatsoever. You will be broke and can’t expect to make a living to even support a family.
@@GNMi79$95k today is worth much less than $95k 20 years ago. Cost of living and other expenses have risen a lot, while most wages have stagnated or barely risen except for in high-demand areas like technology.
Through cheap labor, via multiculturalism and outsourcing, putting Americans out of work. They can simply hire mexicans and indians paying them LESS they would a white American, while at the same time saying that they're Diverse and Inclusive.
The rich call it generational wealth. But once “poor” people do it, it’s called leeching, being greedy, embarrassing
Because The Rich Pays It Forward!
@@G.G.276They do not. Not sure where you heard this…
@@G.G.276lie
@@G.G.276
Heh. More like hoarding & think you're entitled to someone else's labour for free.
FOUND THE BOOT LICKER@@G.G.276
This woman is NOT struggling. She is incredibly lucky! She lives in a spacious house in a safe neighborhood, has good relations with her parents, a boyfriend, a well-paid remote job and she drives a Mercedes! Most people in the world can only dream of such a life!
If you want to show struggling people, go talk to one of the many badly-paid in-person workers who has to commute 2h a day and needs 2 roommates to be able to pay rent.
Mic drop 🫳🎤
She's a spoiled brat is what she is
That's the thing with these news segments though: media never gave a damn about real poor people. This keeps making the news because lot of the people complaining about cost of living actually grew up with their middle class parents and grandparents, who got lucky after the WW2 manufacturing boom. They're now joining the reality that nobody in history anywhere has easily afforded a house; the American middle class resulted from WW2 and isn't normal. So now Millennials and Gen-Z, used to that default middle class lifestyle, feel "poor" because they aren't making the 6 figures that social media influencers are.
@@rake483 go inside these fast food restaurants 💯
Relax your voice was obviously heard in November 😄
WTF! This woman has a well paying remote job, lives in a nice home in a nice neighborhood, drives a Mercedes, no kids, both her and her bf make 6 figs combined, and they all share the bills. how is this struggling?
Yeah.... She has a head start imagine someone paying someone's rent for 1 month. That 1 month is a head start. So Instead of spending that 800 or 900 it can be saved. Then when they get paid again and time to pay rent they got it plus they saved that 800 or 900. Then they can keep saving. If this example made any sense. She needs to get an apartment 2 bed 2 bath and let her peoples have their peace.
@YouDontKnowMe210tx Yeah what she is doing is a smart move but to say she is struggling is insane. She has gotten to a point where she and her bf cant fly the coup and be on their own
Someone else's living situation is none of your business. @@BlackkRiot
Unaffordable education, unaffordable housing, collapsing healthcare, insecure, poorly paid work and you may soon lose your human rights....I just cant imagine why so many young people have given up. Oh and no or a poor pension likely too.
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
@@Derekhoffman312 as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
this is huge! mind if I look up the advisr that guides you please? only invest in my 401k through my employer for now, but enthused about diversifying my investments for a prosperous financial future
I've shuffled through a few advisors in the past, but settled with “Annette Christine Conte” her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.
these people in this video do not represent those of us who are actually struggling
Right😂
I agree. I work with people in grocery who live pay check to pay check and those people are the ones truely struggling.
Some of us don't even get even that far either. I'm still living with my parents, and can't get past a single job interview no matter what I do. The job market is so bad right now.
@@hudsonfrank1121you don’t deserve a house if all you can do is work at a grocery store. Those jobs are meant for kids in high school.
@@hudsonfrank1121 I work retail as well and see the same thing. A few of us are using it to get through college, supplement retirement income, or like me, a bridge to retirement waiting for pension/SS to kick in. A lot of other people, this is their life and they're stuck in low paying work.
This is a horrible example of "Why So Many Young Adults Are Still Living With Their Parents In The U.S.". Someone in her situation is living at home by choice. Most young adults have no choice in the matter.
I had $20000 a good job
I could have gotten an apartment
The company I worked for went bankrupt
I would have been pressured into taking a bs job with lower pay
I chose to stay with mom
I survived the year being responsible
Doing the basics
That girl wants the will to the house bruh
Generational wealth is what that house is
Government and corporate America not finna rob my ssa have me out here homeless 😂
Living with Mom sounded ok until they added boyfriend. Two moochers.
The only way to get affordable living is by moving away from developed towns. I work at a warehouse and couldn't afford any of the houses near the big city. So I moved 3 hours out, got a house for 70k, a job that pays $22/hr and only 5 min. drive away.
Btw, the house I got was abandoned for 8 years. I spent about 1 month fixing it up to get it livable (kitchen, bathroom, and bedroom in good condition) and then an additional 2 months until I could get it was presentable to invite others over (water heater, AC, and replaced bathtub/water lines).
Its a stuggle, if I could recommened 1 thing to the young people. Get a job in construction. I worked with my brother inlaw on odd jobs and he taught me a lot about fixing up houses/remodeling. There is no greater payment than knowledge.
Wait. Where is the person struggling? The woman who chooses to live with her mom driving a Mercedes making six figures?!? 😂
"wHy So MaNy AdUlTs StIlL lIvE wItH tHeIr PaReNtS"
Cost of living has gone through the fkn ceiling.
@Gohsted these kind of videos are made by the same kind of rich scum which are responsible for the current cost of living crisis fueled by corporate greed .
Fk cnbc
She said her dad built the house for 350k while making 70k. However, median income is 132k now with median home costing 644k in the city she lives in.
That means it should be much easier to afford a home. Interest rates are far lower than they were in the 90's.
I'm guessing her job doesn't involve math.
Thanks to Biden
@@collin9085they also said 70k in the 90’s is 144k now. I wonder if 70k was the median pay for that area at that time as well. Otherwise there definitely is a drop in median pay.
Kicking kids out at 18 never made sense in the first place nowhere else in the world other than America does it. The cultural reasons for kicking kids out at 18 came from a time when boomers were young adults and rent was $71 a month. Now that rent is literally 25x that amount it's time cultural norms change too.
It helps to boost the GDP that's the only reason they propagandized us to believe this was normal.
hey, cool to see you here, like your content
I always thought that was weird. Some people aren't ready to move out that young.
Whoever does that to their chold needs to be jailed
Well said. Agree! 👍
I’m 21 from Massachusetts and every single person I know in their 20s still lives with their parents, many with college degrees
Same
21 y/o here 🙋♂also from MA. we recently purchased a house and live together as a family.
Where?@@alexishernandez3694
@@alexishernandez3694”hey look I was able to buy a house so you should have one too”
28 Live in Massachusetts too! Same situation
I am sure if these young kids were willing to live the way I did at their age they could also have their own place. My first home was barely an improvement on a tent. It was a beach cabin and almost a complete tear down and we did all the work ourselves and had very low income. Flash forward a decade and numerous homes later we built our dream house as well as a thriving business. It just takes time, focus and teamwork. I think it is sad that young people aren't seeing the struggle as an adventure. I can't relate to wanting to start out in a house equivalent to my parents. Maybe in ten years, but not to start out.
My first “home” was a 20 square foot rack on an aircraft carrier and I shared it, and the bathroom and shower, with 50-60 other guys in the same berthing. Somehow I now have a paid off mortgage on a 3000+ square house. This lazy, entitled generation wants to start from the top, not the bottom like my friends and I did.
Maybe some of them could consider enlisting but following an order you might find inconvenient would be a problem for them. They’d also try to file a hostile work environment lawsuit when a DI yelled at them😢.
Can we just admit that the US has become a middle class nightmare at this point?
Our country is run by literal billionaires, the cost of living is through the roof and it can now take you over a year to find a job if you’re unlucky enough to be caught in a wave of layoffs.
Ridiculous.
That’s me. Applied for over 3000 jobs since I graduated in May and can’t find a job
@@harknowhere3,000 jobs!? & haven’t landed at least 1 ? That’s crazy.
@6mazing Unfortunately, a lot of companies are using applications to either collect data on the labor market to adjust wages and hire only the picture perfect employees (that are then paid at the lowest wage acceptable). Ghost job applications are also used to keep a list of candidates incase anyone quits or is fired, give the impression the company is growing, or give overworked employees in the company the impression there is intention to bring more people into the company. It's likely many of those applications were for ghost positions that aren't actually needing to be filled, and the ones that do need to be are looking for incredibly unrealistic criteria for the position and pay.
Exactly, I’ve been applying to places for over a month now and have heard nothing back from any of them. It’s getting to the point that I’m almost ready to just drive my truck into a tree at 100+ mph, at least if I’m dead I don’t have to deal with crippling prices and unemployment.
It seems like the only way to find a job is by connection.
The older generation just loves to call us all lazy but they all are retired and are completely clueless on how things are today. They lived the American dream so we can all suffer, and while that’s happening they call us all lazy, seriously stfu please
Preach 🙌🏻
Exactly!!!
Teens now a days spend more time watching hentai then looking for a job
For real back in then day you could be a manager at ShopRite and buy a house.
@@christian_Lemus most jobs now dont hire teen workers, and they are picky about you as a person, its even hard to find a job just as a teenager for someone
Victoria is living in a million dollar house and looks to have a Mercedes? This is who you interviewed for this? She could get her own place, she seems stuck in a wealthy lifestyle. If her job is fully remote, she could live in a modest 1500 sqft home in a true small city.
Next time interview the actual middle and lower class...
She’s also complaining she can’t afford a home on the jersey shore. Well, most people can’t afford to live by the beach. Live elsewhere. And stop showing single family homes. There are other options for first time buyers.
Lazy and entitled
She’s saving 40% of her salary and works multiple jobs… and you are complaining😂. Hilarious. You sound like her aunt tbh.
@@davidshort9439sarcasm?
That's the thing. She doesn't want to go from nice house and Mercedes to "crappy apartment" and no Mercedes. She wants to d better, and if she did the math, she probably figures she'll never get a nicer house unless she makes waaaay more money. Moving out is a one way ticket to Poorsville.
My 32-year-old grandson is living with us, Lord, have mercy. They have their priorities in the wrong basket, and it isn't in the basket of common sense. He has talked back to my daughter so many times, he cannot stay with her anymore and we should have left him living in his car.
What's crazy in the United States is that you can have a full-time job, be homeless, and the U.S. government will not consider you to be living in poverty because you make too much, yet you can't afford to rent, let alone buy a house.
💯💯💯
If you have the skill set to make 30-40k a year (excluding California and New York and super expensive places like that) than you can afford to get your own place
@@battleaxell LOL. The term "unskilled work" is justification for explanation. I doubt you can be in a field picking fruits and vegetables.
It’s crazy🤣
Lol exactly. I don't qualify for affordable health insurance because I make too much money, yet I can't afford health insurance.
You don't need a 10 minute video to understand that rent is sky high and basic homes are getting llisted for half a million and still going into bidding wars.
Love when regular people have to compete with Blackrock for a house.
This is the end result of making housing an asset rather than a home.
and then repeatedly voting to prevent any sort of affordable housing. There’s a reason the boomers are the richest generation in history, part of that wealth was taken from the next generation. Americans used to vote for the benefit of future Americans but now they only vote for their own immediate selfish interests.
No matter what home you purchase, it is AN ASSET and should be looked as an investment. Not your forever home
@@se2664 "Not your forever home" funny way to type "You will own nothing and be happy", what the hell is the point of me buying a house then?
@@se2664 The overinvestment by some to build a portfolio and then either leave residences empty or put them on short term letting like Stayz or air B&B only increases the shortage. The rent accelerates rapidly for those lucky enough to rent long term is rapidly increasing as the investor needs to pay off the loan. The generous tax rebates are then used to fund further debt and the cycle repeats itself until even well paid people who work in medicine find it challenging to rent or even buy. So a house /unit should not be a forever home but it is more than an just an asset. Not everyone is able to live with parents to save, even working multiple jobs or even end up with an inheritance.
That is a key takeaway very few people understand.
Wait a second here. You are complaining the prices are too high, you make 100,000 a year which is probably about 75,000 or 6250 a month, you should have no bills, and all you are saving is $2500/mo? While yes you have to spend some money but where is the other $3750 going? The math isn’t mathing, and I’ll bet your budget incudes fancy car payment, shopping sprees, vacations, and $8 coffeees along with $40 lunches. So your living at home and tell me why you can’t afford a $350k townhome? I sick of hearing everything is more expensive for this poor generation and they will do nothing to help themselves, they want it all and want it yesterday. You know what Gen X did if we couldn’t afford it? We didn’t buy it.
Moved out and married at 24. Baby at 26. We had to move back home while I was attending college the second time because the first bachelors degree wasn't lucrative and rent was becoming unaffordable. 2 years and an associates degree later I made enough in 6 months to pay back my education loan and save enough to purchase my childhood home from my parents. We couldn't have made it without the support of my parents. Generational wealth matters.
@melaniemcintyre6115
That's why they try so hard to take it away from people. This country runs on desperation.
@@OIllllO BINGO! the more desperate people are the more controllable.
Well done proud of you and your family.
What’s your second education ? I really struggle right now and don’t know what path to go to fix my life.
Great, so in your case you made a mistake picking your major, and your parents had to help to fix your mistake. Hopefully, your parents did not have to pay for the first bachelor degree.
My parents had to cross the border to work hard so we wouldn't struggle like them. My mom isn't kinda happy with me because I studied to become a welder.
Why are you guys interviewing a rich person? Obviously she will have no problem living in a villa with enough space. Not the same story when living with a toxic family in a normal small home.
Probably so older folks with money and who watch CNBC can complain that younger people don't face the hardships they faced and could save for a house if they stopped buying expensive coffee and avocado toast.
@@brg9327🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽🙌🏽
@@brg9327 But they can. If they stopped buying starbucks and avocado toast everyday, they can save $10 every day. And if they invest those $10 everyday in to the stock market, they could eventually buy a 2 bedroom, 1 bathroom house when they turn 80.
@@GuidetteExpert better yet, There is no pressure for women to leave their parents' home. They should have interviewed a Guy in his early 30’s
News media is part of the reason WHY young people are staying with thier parents. War propaganda and fear mongering is a for-profit business for both the media and the government, the more money printed via wreckless wars, the lower it's purchasing power, and the news media is part of that.
Is America the only culture that is shamed for living with family?
yep. my mom always told me i never have to move out (i'm dominican) but i still did because of whats expected of me living in USA.
UK as well
NO. they are ashamed of *not being independent / self dependent enough* - a value core to North Americans but rare in other parts of the world
@ I wanted to be closer to work so I took the plunge
It's not necessarily shamed the way you might think a bad behavior such as being rude would be shamed. People are understanding when you have to live at home while being a young adult but it's considered something like "well that sucks you can't manage to get out but understandable". Like if a guy still lives with parents/family a girl is going see that as a negative factor for dating, like you couldn't manage to figure out a way to live on your own is not a good sign.
Personally I think it would have been a real drain on my mental health to stay at home because it's in a rural area, small, packed/cluttered with crap, and noisy. Even though I have a mostly remote job the internet would have barely sufficed, and I wouldn't really be able to play games which is a huge pastime for me. It does make me a little sick to think how much money I would have saved right now though lol.
the truth is , the cost of living has went up and the younger generation don't have the motivation to work twice as hard.
Because their is no point it's a dead end
We already been screwed with the education system now this
@@ThunderAstro-f8h Its never a dead end my friend. If you say the educational system screwed us, maybe we need to take it upon ourselves to learn and do what's best for us.
Giving up is never a good option.
We're one of the few cultures where it isn't normal to have the family live together under one household. Those that live together generally keep a lot more generational wealth and have a lot more financial stability during hard times.
If you're married you need to have your OWN place, that's where I draw the line.
@@jrs4101 exactly.
@@jrs4101 You may draw your own line, but other cultures, like Asians, are all about the family being together
@@ME-xc1stMost Asians live in poverty.
@ME-xc1st Well this isn't Asia... In Asian countries they also belittle women, eat animals that we keep as pets and other things that we would never do. Can't pick and choose.
*Living with parents is NOT a problem.*
If the family atmosphere is good, it's good for mental health, wallet and it's environment friendly
We are almost the only country that doesn't promote staying with parents until you're financially stable. Why else do you think other races come to America and thrive even with lower wage jobs?
Facts
Im Mexican but grew up in the US, now back in Mexico. I was so confused when my cousin got kicked out at 18. Usually Mexicans stay at home with their parents until marriage. im not married yet but I moved out of my parents at 25 when I was able to afford it.
l you a moron or troll because after 18 children start having mental problems if they still live with their parents has been that way for decades
@@Taby_Gsame here. Bought a house at the age of 26. Went straight from parents nest egg to mortgage. Rent keeps people renting.
Most adults who live with their parents don't make 90k a year.
So if you you made 90k a year. you would rather spend 15-30k or just save that and buy something? If one path leads to you outright owning something in 5 years. And the other path leads to you spending 75-150k for temp shelter. It seems like saving 75k and living off 15 for five years is better.
Why does someone need to waste 100k and spend more time need your approval? Like why’s it matter to you? If someone can clearly take care of themself and make a decent income. It’s clearly not a question if they’re incompetent or incapable. Would you want your kid to just give 100k to some already rich landlord or put it into their own net worth?
No at 1 point I was making 65K. It felt worse than actively being unemployed
@@prettyboyjeremy yea the only thing worse than not having a place. Is having a place you can barely afford.
@@humpteedumptee8629 Worse part is before I used to not worry about finances because my military job paid for everything. Before this current job I had to pick between food and lights
Exactly 1000000000%
I do not feel like THIS is a good example. A woman with a good income who can afford a home, who lives at her rich mother's home. This isn't the demographic this conversation is about..
I live with my grandma in San Diego and she loves having me there. I clean her house and make sure the garden looks beautiful. I am closer to her than ever. It's wonderful.
That’s wonderful, and you get to live in beautiful San Diego ❤
That’s good. My grandma didn’t care a dam about me. I wish I had a relationship with her
Great SD is a fantastic place to make and save money, having an opportunity to live with your grandma instead paying rent is really a good deal.
Inheritance secured
@@erindoes There is no pressure for women to leave their parents' home.
I moved out as soon as I graduated high school. I truly believe this was my biggest mistake. Had I stayed with my parents during college, I would have saved at least $100,000, and that’s just based on rent alone.
If you find yourself still living with your parents, it’s ok. Do what’s best for you. Don’t let anyone shame you about that.
This. 😊😊
I agree why move, what is the rush? Save money it makes perfect sense.
You made greedy landlords very happy
If I even had any parents until 30 I would legit be a millionaire. Moms dead and dad imprisoned, I make 100k but i have bills to pay, also a millenial.
Thanks. However my own problem is my parents house is emotionally/mentally toxic, and I wanna move out for my own mental health, not because what people thinks of me
Society: Living with your parents is bad!
Also Society: A house now costs $400,000
In my area, try $1 million.
My parents bought their house in Santa Clara back in 1980s for $60000 (3 beds , 2bath 1400 sqft house) , 2024 almost the same house is going for $1.5 million . I will never be able to afford it
@@ConnorLin-ne6bsthere are plenty of more affordable places in this country besides Northern California
That is inflation for you .
why is living with parents bad though? whats bad in living with parents ? at 1:05 “.. bad for society “ .. how exactly living with parents is bad ?
They all want to be children forever. My generation got married combined finances worked together to pay bills and start a family. We would have been humiliated to have been living with parents
Rent is damn high! When I graduated from college I was able to go out and find a nice 2 bedroom apartment for only $700 a month. That same 2 bedroom apartment today with no upgrades is $1,900. That is insane and unjustifiable. A starter home in my area use to average $180k now its $425K. Smh
How long ago are you talking about 5years ago?
It's very justifiable to have $1,900 rents because the 40 -50 something generation want to live high off the hog and their Helocs so they can own swimming pools, take cruises, travel the world, wear designer jeans and designer sneakers, support their luxury lifestyles like weekly manicures, massages, and hair extensions, or their luxury coffee at Starbucks..... all things that we elderly people went without. Not to mention that they all want their homes perfect with all new furniture. My generation got started using orange crates and lobster pots as furniture.
I rented a shithole unit in an old house in 1998 with two roommates for $375! That's $125/month each for those of you bad at math. I've never had it so good. There are no "student slums" today because they've all been torn down for condos or rent for $2,800 a month.
Are you in Fayetteville too?!
@@redrier5363 Don't you dare forget my Avocado Toast!
Honestly good for them. If youre parents are not toxic this sounds great
Thats a big IF my guy...
@ yea unfortunately people who never had toxic parents sometimes do not realize how necessary it is for them to move outside of their home. Narcissistic, psychotic, hateful, physical and mental abuse are all known to stunt your mental growth and health. We shouldn’t have to move home but those who can should be grateful for the ability to do so
I just commented this as I come from a toxic as hell household. @@Qtopian
Children can be toxic too.
@aosaeanor thats an easy fix. Its called birth control and dont have kids. Also being awful can be genetic. Usually the adult is preexisting and should know having kids isnt all what its cracked up to be.
BECAUSE I DO NOT WANT TO BURN $1500+ ON RENT AND NOT BE ABLE TO SAVE ANYTHING
Yet instead of a reasonable car, she chose a new one that wold come with a payment that high.
What’s up with these parents that let boyfriends and girlfriends move in their house with their children!! 🤦🏾♂️🤦🏾♂️
As Gen Z, I really dont understand how you’re supposed to get experience without experience. Even low-wage jobs are starting to require it.
Education is considered experience nowadays. There is funding for schooling, but I'd suggest self teaching and getting certified. That way you don't go into debt.
Learn how to lie on your resume. 💯
@@mfknrmxthebangmessiah6012 You don't need to do. Most Gen Z are young and working close to minimum wage jobs. They need to go to a trade or get certified to get an early start within their career. Most trades take 2 years. Certs can be self taught and done at any timeframe.
I had five different jobs in my first five years of working. THAT's how you build experience. Also, don't sit on your ass at home all day, playing video games.
Ha! I said that back in the 80's. It never makes any sense.
My 18 year old still lives with me and will be for a while. Why not? It's helping me out financially and it's helping him save money. Its a win-win for both of us.
18 year old is fine.
@@quaithom3138 what about 20 about to be 21?
@@sageworks3That’s fine
@@sageworks3you shouldn’t be worried about others thoughts on If that age is fine or not, just do you
Just don’t be upset when he’s ready to move out my mom was trying to make me feel bad that she couldn’t cover everything I still needed to be my own woman
My parents bought their house in the late 80's for 60k which was roughly triple your salary back then. Now the average house is roughly 400k-450k depending on where you live. Most people can't afford a house that's 10 times their salaries.
LoL at the average price, definitely depending on where you live. My parents bought a house when I was born in the San Francisco Bay Area for 25k in 1975, and it was largely done with saved up money so there was no 30 year mortgage either. Now that same house, which I'm now in possession of (but not as my residence) could get over a million, now granted in most of the rest of the country that's a fixer upper, and honestly shouldn't be more than 300k but location, location, location... and it's not even in a "rich" area either. Part of me waffles over selling versus the rent income, for now at least the rent is a nice supplement.
It all depends on the cost of running the house as well as the financial cost. It wasn't uncommon for people in the eighties to spend a fifth on their net earnings on heating alone. Today it's more like 3-5 percent if living in a modern house with proper isolation and an efficient heating system such as a heat pump.
So just comparing the cost of the house as a share of income is foolish since it only captures a small share of the total cost of ownership.
Bought my house for 166k in finger lakes region of NY in 2020, 2bd 2bath on 5 acres……not everyone needs to live in high society, my mortgage with taxes is $1200…..less than rent for a 1 bedroom around here
You can still buy a home for $250k. It's just not in the big cities or in the best neighborhoods.
@@GDTRFB but has the value of your house gone up since the pandemic?
This is struggle? This is privilege that is comfortable at Mom and Dads. Young America is concerned with comfort.
I am Italian, and for us, it’s completely normal to live with our parents even after we start working. My mother never left her parents’ house, and neither did I. It’s not a question of affordability-both my parents are engineers with stable careers-but rather a cultural tradition. This way of life has allowed my grandparents to take care of me, cook for me daily, and take me to school and museums. Now that I’m about to graduate in medicine, I would love to continue living with my family. Why should I live alone? This arrangement doesn’t harm the economy either. Instead of buying a new house to furnish, for example, my parents bought a vacation home by the sea. Maybe I’ll buy another vacation home or even a boat! We simply choose to spend our salaries differently, often more wisely than renting an apartment. By doing so, we’re able to build our family’s wealth, passing it down through generations
They trained us in a America so that they could sell more cars, appliances, etc.
European homes also seem to be built pretty sturdy compared to American’s. We have small households on average, and maybe the highest square footage/person, but I doubt the Average US building quality of recent decades has a great reputation. I’d, personally, take the multigenerational home to afford a nicer, high $/square foot with better craftsmanship to boost quality of life and have housing that is built to last
Sounds like an ideal situation. So why is Italy's population on a massive decline? Similar to Germany, China or Korea? You think given the situation people would be very optimistic
Same for my culture (my parents are Chinese immigrants). In our culture, the at least one child, if not more, would live with the parents. And vice versa (the parents would come to live with the kids, depending if the child has a bigger house).
It was also a "family lives together" community thing. The quasi-US/Canada thing where the media told us that we "have to own our own home in the nuclear 4 person family (1 couple, 2 kids)" and how the kids have to get kicked out of the house and be independent is actually very new. Like 1950's post WWII era new. (Yes, you can partially blame the US government for this, in a method to keep perpetuating and fueling domestic economic growth and consumer spending, since well, moving out = spending more money).
For the rest of the world, kids generally live with their parents, or an extended family (ala village), and only move out if room runs out or they have to, for job opportunities'.
My heritage is Italian (planing to move to Italy). And my parents let me stay with them till I can find work (well, marriage. But I'm not thinking about that now) My grandparents where the same to my parents. They didn't moved out till they got married. I know when my mom got divorced in her previous marriage, she moved back to her parent's place till she married my dad.
When we were moving. The 3 of us ether moved to my dad's parents' place, then my mom's parents' place
Do what ever you want, live with your parents if you want. Don’t listen or follow what others want you to do. At the end we all go
Right, these kids have skill issues. I learned that to get what I want by hurting others to get it. Houses to expensive? Bring a crowbar
Correct , well shop at different stores but all end up in the same checkout line ✨
never understood the middle america concept of kicking your kids out at 18.
That's American culture for you they want you to take on those credit card bills mortgage car payments..they want to make money off you ASAP
It prepares you for adulthood. There was a huge difference between my brother and myself. He spent his money on whatever he wanted until he got kicked out. I was living by myself at 18 and got into IT by 20/21. He didn't try to go for a good job until Macy's laid people off at the age of 30/31. I even helped him cheat on a cert so he could get certified. Now he works for the city. Huge difference
@@BethelPJ Imma just be real with you... Your brother is an idiot. Not everyone lives like that because they live with their parents. If someone has to be "kicked out" of their parent's home, the issue is them.
Especially not when modern day adulthood is hella perverted
@@BethelPJExactly! To me it’s infantilization
Aren't they paying their parents rent? And they should buy their own food, clean up and work in the yard. Discusting.
Should have talked to someone who doesn't live in a mansion with her mom :/
Forreal, this girl has a golden spoon and is crying out "boo-hoo I can't save!"
My son wanted to buy a home, he makes 60k a year, so he could afford about 170k mortgage. The only houses for 170k where we live are under 1k square feet in not so go areas. I would rather he stayed with family and saved more than buy an over priced house in a not so good neighborhood with bad re-sale options!
Save money and be together. Nothing wrong with that.
I'm in a similar boat need to invest in stocks. Stuff like BJS wholesale club that will be around to fight inflation, not reddit crypto spikes and day trades.
Sometimes, someone needs to buy a so-so condo or a house that is not a 'dream' house. However, s/he can build equity, or flip a house. Then the second purchase is the 'dream' buy.
Because rent is hella expensive and jobs are unstable and don't not pay as much. The average one bedroom is now $ 1,500 per month in the US. That is obscured amount. Plus landlords require you to make 3x to 4x the rent. Privately equity companies are buying up homes and turning them into high priced rentals. That is why more adults are staying home with parents and family. Its either that or living in a car parked on the side of the road. That is the reality of America.
Slight correction:
The USA.
Who knows though with Canada & Mexico...
Not to mention a lot of places they require you to make 30times your rent in income. So even if you could afford 1,500$ stupid rules price you out.
Let's go Brandon!!!
@Andres_Acosta he did mention it. He said renters need to make income of 3x-4x the rent (which is the accurate figure). No one needs to make 30x rent. You are talking about annual income vs monthly rent, so to compare apples to apples, divide your number by 12. I've lived in a dozen states, currently in NY, and it's usually 3.33x (annual income of 40 times the monthly rent).
@@TrentonMatthewsthe USA gets the title of “America”. Because we’re the only one with America in the name.
I’m sorry but I agree more with her aunt. With her income she could probably afford a decent 1-2 bedroom apartment.
I should of bought a house back in 1996, but instead I was too busy being born. I wake up every night with night terrors over that one! I will NEVER financially recover from that mistake
Complain less, work more.
@@meatgravylard Arbeit macht frei?
Move to michigan houses are cheaper. We're im at brick homes are 180K. Which was 125 4 years ago
I didn't exist back then till the Y2K apocalypse
@@meatgravylard ah yes, hustle culture. Where people are forced to roommate with a human stranger who they can't trust 😃
Let the man vent and share his experiences, please 😒
Some single older parents like myself are blessed to be living with and helped by my adult kids.
my mother tells me this every day, i never married but i choose not to, but i lived on my own for about 8 years before she had a small accident at home that landed her in ER. now after that, i sold my place and came to live with her, because it was easier for her to have someone to not only help but also keep company. we split the bills for basically everything here.
I was thinking this the whole video. How adult children and parents living together are always spoken about negatively when it should be a blessing. I guess the difference, though, is whether it's a choice or if it's only a matter of necessity.
Extra help with kids and chores and love and date nights ... benefits us all.
I am 52 years old and live with my mom. I help her with chores around the house, and pay some of the bills. She appreciates me.
Exactly. I didn't think that I would be having such a hard time physically in my late 50's. I appreciate that my son and I get along and that he will help me anytime.
That part with the aunt was spot on clearly explaining the economic difference between the generations. Great job CNBC!
I hope she's paying her mom rent. No reason why she should be living at mommy's house with her income.
It's nice to live with your parents. It's called love.
"This trend..." 💀 The American dream is dead. This isnt a trend.
It’s not dead Americans just don’t know what they really want we’re so damn flip floppy
It’s not shock. It’s corporate and Wall Street greed.
Harris’s and Bidens regulations on home building.
@@newtec-kd6vy sure
An Increase Of Interest Rate As Well 🤔
Absolutely Correct On Greedy Help The Needy
I read that Blackrock has an inventory of 600,000 single family homes. They keep these homes off the market to inflate the value of housing. They aren't the only outfit doing this.
Awful framing of this story, you focused on a decently well off woman for whom this problem is very likely temporary instead of the actual issue. This story should have focused on someone who had basically no chance of ever making it into a home and their struggles, someone making 40k or less a year. It is also criminal to not showcase the massive jump in home values since their parents time, compared to salary. I guess a corporate shill like CNBC doesn't want to upset the shareholders.
The fact that the US thinks this is wierd shows you how wierd the US is. In Asia this is the norm. Having three generations in one house or compound is not only common, its socially expected. Kids take care of their parents, parents take care of grand parents.
Same with men in most of rural Africa. Sons are expected to keep the land of their forefathers out from being taken by foreigners and take care of older family
Living with parents for an extended period, especially into adulthood, can create friction and lead to frequent arguments.
Or it’s just a cultural difference not anything weird.
@@Ale-168-44 there will always be arguments because we are human. wherever u are, you will even argue to urself if u are alone/lonely.
I agree. Coming from chinese immigrant family, I've always seen children living with their parents. The only time they don't is if they have to move to a different place all together because of job prospects, or other family problems (like divorce, abuse, bad environment).
This girl works from home and drives a Mercedes lmao. She is not struggling… she is living life off her mother. Great job, msnbc. Next time find someone who is actually struggling
Exactly. Priorities are backwards
She’s being financially responsible, saving half her paycheck so she can afford to live in the same neighborhood as her parents.
Plus, she went to the University of Miami. That is not a cheap public school lol
@@nickmcclellan9623 It's a private school.
Don’t forget had the nerve to move her boyfriend in. He has to be pretty pathetic:
Until wealth inequality decreases, this trend will continue and get worse. I've kinda accepted I will never own a home lol
I gave you a thumbs up for identifying wealth inequality as the key cause.
you can save and move to shithole states, if owning a house is all you cared about.
@stephaniec3022
You probably could but just not where you would want it to be. Here you can still get a liveable 2 bedroom fixer upper for $65K.
She doesn't pay her parents rent. At all. That's just gross.
This country's all screwed up. People that did everything they were told cannot buy a home and if they do every penny goes to Afford it
Maybe they should just think for themselves and stop relying on what everyone says they should do.
@@aaronkelley3865 When you're a child you listen to your parents.
@@Biker65 Maybe people should stop acting like children when they’re adults.
@@aaronkelley3865 They listen to their parents when they are 10yrs. The parents teach them to go to school and how to do things the right way. They are children.
@@Biker65 Ok well, I’m talking about adults who should think for themselves.
Idk why news media asked these ridiculous questions. Average home right now is 400k the average person has a student loan. An the average person doesn’t make enough to afford rent or buy a house.
Don't be average.
@ hard to not be average
In my area, it is well over $1 million dollars...
@Trav990 no it's not. It's a mind set. My life got a lot better when I stopped doing what everyone else did.
@@Brian-dh9lp so what did you do different?
I’d rather live with parents than a bunch of random roommate strangers. Plus it’s easier for everyone to split costs and save. In most of the world, families live together so it’s not some new phenomenon. There’s a lot of benefits to being with family. It helps reduce loneliness and is good to support each other.
Exactly. I would rather pay my parents than a random landlord
I hate living with roommates too, but I rather have some quiet time, a working toilet and shower, and not have random family members popping up every other day to annoy me. My next move is to be on my own though.
And family are more trusted to actually pay their fair share of bills. A roommate can be spiteful and rack up thousands in damages or steal from you! And you’re held liable since you’re on the lease
Ppl are aholes. My parents are not (fortunately). I refuse to be stuck with random roommates that decide to make my life a living hell
The smartest move is to NOT MOVE OUT. Stop believing the narrative you have to obtain a mortgage or pay high rent and put yourself in debt. Stay in the house. That’s the smartest move. Save your money. If anything add an addition to the house. Kids, grandkids, spouses, if your parents agree make it a family dynamic. Help with the bills and parents NEVER sell the house! Kids repeat the same family dynamic with your kids and so on and so on…
Live rent and mortgage free, stay out of debt, travel, enjoy life, enjoy your family. You’ll all be happier and healthier!
Uhhh because it's normal for families to stick together. American culture loves to separate families for profit. I live in a multi generational household and it's a blessing!
Families are a mother and father and children. Everything else is extended family. That could get really messy under one roof. Who is the head of the household?
Gimmie a break. Kids don't leave home because they're following a cultural idea, psychological abuse pushes them out. The ones that leave leave because they have to in order to build a life.
If both parties are okay, then it's good to stay at home with parents, nothing wrong!
You will be judged by society.
@@DarthBator-m5lSociety is not paying my bills…
IT'S SUCH A MYSTERY!!! WHY CAN'T YOUNG PEOPLE AFFORD HOUSES THAT HAVE BEEN TURNED INTO MAJOR INVESTMENT ASSETS BY THEIR PARENT'S GENERATION WHILE WAGES HAVEN'T KEPT UP WITH INFLATION AND DECADES OF CORPERATE PRICE GOUGING???? SO MYSTERIOUS!!
😂😂😂
💯
😂 true
the problem is not not having enough money, the problem is people don't wanna live in a humble space. They think they're worth more than what they can provide to the world and let people influence them. I wasn't saving money where i used to live and instead of moving back with my mom I moved to a cheaper apartment, stopped buying new phones every year, new clothes, shoes, automated my bank accounts. Saved $20k in 11months. I choose to stay in the midwest, because this is where I'm gonna get to my goals faster. People wanna be in Miami, LA, New York and shame other people who live in a different state. Your choice.
I'm in my 40's, everyone my age that owns a house, didn't actually buy it. Was given to them by parents/willed by grandparents ect. I paint aircraft parts for a living and I cant afford to buy a small house on my income. You need a income of around 100k per year to buy a small home , 50 - 60k a year don't cut it, you cant save and live like a pauper. North Texas.
Really depends on where you live. Also in my 40's and bought a small house before 08' on a below median income. It is challenging now with the dollar devaluation of the past few years and private equity gobbling up housing.
No family helped us purchase and fixing an old house took a lot of work.
I live in the same area and I’m a machinist making 65k a year and don’t qualify for a double wide trailer
@@chenzen4915smh
Yep. I'm 40 and I'd say 90% of my friends who own a home got it because of their parents.
Time to get ya CDL fam 😅
I hate the fact that most older folks will go “Why are people in Gen Z not buying houses?” while also ignoring the fact that the cost of everything is almost unlivable.
BACK IN THE DAY - I got a great paying job after I graduated college. My parents allowed me to live with them for 6 years. I was able to save $340k by not spending a dime. I purchased my home and moved out.
56,666.66 after tax each year... that is an est. $81,000 job out of college. if you are genuine about putting away every penny... so that ALSO means not only did you live with your parents but they paid for all your expenses too.
No you didnt
@@Andre-qo5ek I worked my butt off and was doings 20 hours a week in overtime minimum.
Yea ok whatever you say buddy
Did you pay them back for all the support throughout the years?
That kid needs to be contributing something to the household. She should be paying rent, a utility bill, the taxes, what is that like 1 month rent or buying food.
She's privileged enough to stay in a big house where she isn't being charged rent, not accumulating debt, saving a huge chunk of her income, and big enough space for everyone to live peacefully. Not many of us have this luxury
Plus boyfriend lives there? Wonder if he don’t pay any rent
It's totally possible, just think realistically, do you need a big place to stay?
Hopefully the parents aren't toxic and hopefully the child was responsible enough to get a decent career going...
I’m 26 and live with parents, it’s because my dad survived 3 strokes and needs my help and mom has respiratory issues so I gotta do their chores. Balancing college and home and self employed job isn’t easy but with careful planning it usually works out.
It’s not easy to find a date because as soon as they find out that I live with my family, they immediately think I’m broke and kinda want the date to end and ghost me, I’ve tried avoiding the question but I live in an area where people have high ambitions and most people in my city are much older than me so the dating pool is even smaller.
Sir, you are not doing anything wrong. Head up, keep working and taking care of fam right woman will come along stay blessed
Don't avoid the question. Explain it before you take them home. "By the way, I'm self employed. I live with my parents right now because they've got some health problems." People worth it won't be turned off by that. Taking care of your ailing parents is very noble.
@@CreditR01 Tried it and noble isn’t really selling anything. Apparently my programming skills are whack even though I’m a business major and not knowing my favorite boba tea shop is a skill issue according to one of them
@@brianm6924 "Sir". Where did you get that? 😅
Frankly, stack up your $$ while doing something beneficial for your parents & yourself; youre a man & can get married later in life, to a younger woman even! unlike women who are measured by a “biological clock”. Hang in there ❤️🩹
1/3 people aged 18-34 live with their parents, 1/3 are homeless and living in their cars, and 1/3 inherited or bought a place (might even be an apartment even)
So wait 1 in 3 between 18 and 34 live at home but yet they are in debt? Sounds like they are spending their money on crap instead of what is important.
20years ago, I saw my neighbor’s son living in the basement of his parents’ house. He fixed things here and there together with hos dad and went salmon fishing together quite often. I thought it was a really nice family life.
Sorry Herbert! I can't afford 3 kids, 1 wife, a big house on a single income.
Guess I'm lazy? Totally not the economy...
Isn't it interesting how billionaires often brainwash people into believing that chasing money isn't the path to happiness? The truth is, while money itself might not bring happiness, it does provide security and freedom. These billionaires are securing wealth for future generations, and one thing they all have in common is that they're investors. It's crucial for people to take their financial literacy seriously and consider investing in the stock market. It really can work for you and help you build the financial future you deserve.
You get rich by making credit work for you. Nobody ever got rich by saving money.
That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to get rich is Investing.
Traders should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation.
Yeah that's true, you can only appreciate a person who trades for you and make you huge profits in multiple ways.
That's absolutely correct. I find Michael Cerantes as the best fit for the job, he's a well-seasoned financial aid with years of experience
Could never be me. Soon I was able to leave at 18, i did. Been living on my own since then. There’s no excuse.
The excuse is that it’s costly.
@ we all play by the same rules, if I can afford to live this life without complaining and still found enlightenment why can’t anyone else. All excuses in my eyes and ears.
We Mexicans is normal to have our parents living with us .. they took care of us , now it is our responsibility to take care of them..
It is not your responsibility to take care of them.
Exactly 🇲🇽❤
Mi mama lives with us!!!
It’s not your responsibility.
Responsibity is the wrong word but Latin family’s are very close and supportive. I’m 25 and cuban.. my parents don’t want me to leave my house because it doesn’t make sense to give my money away on a overpriced rent. There are some boundaries in the house tho 😊
My dad's sisters NEVER got married nor had children and still live in my grandmother's house since they moved to that house in the 70's.
do we really need a 13 minute video to say that housing is too expensive for everyone I mean cmon
Having my adult kids live with me is a dream.
CNBC really looked for the ‘young and struggling’ for this one…. I can only wish I lived in oceanport, drove a Mercedes, and made almost $100k a year with no children…. The US economy is trash, we work 50hrs a week and make almost no money, utilities are out of this world expensive, food bills are astronomical… so until all of that is fixed, we, under the age of 45 or so, will continue to struggle. And many of our parents don’t understand.
Her mother was spot on about the multigenerational culture. We are the only ones. Black parents ready for their children to be out at 18. When I moved out of my mother’s house at 22, she did not want me to leave. We lived overseas my entire teenage years. She saw how beneficial it was. Who cares what others think as long
As The parents are fine with it
Rent is hella expensive and we are living in late stage capitalism. Something cnbc would never admitb
Blackrock is buying all of the houses , land to build houses upon and rent them on ridiculous prices . and not once cnbc mentioned blackrock.
@@rambodude467 the problem is also that we aren't building enough mixed use homes and that zoning laws are bad. we don't need more mcmansions and single family homes, we need more apartments, more condos, more mixed use housing.
Tru
We have been living in the late stage for the last 100 years according to the folks like you
The rent is high because the stupid property taxes is high. And the HOA increased. Also the insurance company triple charge their fee. Each time there’s an issue, the plumber and electrician charge an arm and leg. They blame it on the high prices of supplies and gas etc.
Young adults living with their parents while driving a Benz 🤡🤡🤡🤡
My son and I have been living with each other for 28 years. I never thought 10 years ago that he wouldn't be able to afford to live on his own. I was kicked out at 21 by my parents. I never wanted to do that to my son. I made A LOT of bad decisions because of being on my own so young with my first career job. I don't mind him being home. He's a good son.
Respect!!
I agree. I went solo at the age of 18 for the most part and I feel that I made alot of bad decisions because of that as well. I enjoyed the freedom but I could have had more direction from my parents and support in those younger years
Alot of people in the comments did not watch this video fully. The mother and daughter literally like having each other around and families staying together is normal around the rest of the world. I wonder why Americans seem to dislike their families so much.
it is normal among poor families, medium class doesnt live together in first world countries
The attitudes of people in the comments show why no one can stand being around them - they're assholes.
AMERICUNTS ARE EGOTISTICAL AND MATERIALISTIC MONSTERS.... HAVEN´T YOU NOTICED????
When parents feel you should be able to do things on your own living with your parents is very unpleasant. They remind you everyday how much they don’t want you there.
US families aren't what they use to be. Would have stayed home past 19, but my young stepmom made life unbearable. And now that my dad is gone, she's just about blown through his assets in four years.
Delighted there are tight families out there like the one depicted here. Works for them and that's great.
The aunt is so out of touch. If she started at 35K back in the 1990s, that 35K had the buying power of a modern 80-85K, entry level.
And Victoria made 90k. And I suspect her partner make even more since women rarely date down. That's if so a household income of around 200k a year.
Yeah, she had zero clue. Oh, $35k thirty years ago isn't the same thing as $35k now? Who knew?
@@SweBeach2023 women date down all the time. Especially fat ones.
@@SweBeach2023Victoria works two jobs. And they mentioned the couple makes 6 figures together
@@bobfearnley5724 six figures could range from 100k to 999k. With student loans, expenses in cities, and interest rates 100k doesn't go very far
I dumped my Mexican girlfriend after 3 years of living together in my house. She wanted to bring her mom to be living with us and I disagreed. Their mom controls them and literally owns them! I dumped her 😂
Living in a multi generational home (paid off) is the best! Yes you have limited privacy but I’m saving hella money & my kids have plenty of cousins to play with. It’s beautiful!
Not to mention free childcare by having a village of family in the house to help out.
It’s OK if you’re a woman, but in America the standards are a bit different for men. Personal responsibility and independence are socially expected in most areas.
@@tycobanditthere is a stigma shading women living at home too. If that was the case I wouldn’t have girlfriends and guy friends always ask me when I’m going to move out anytime I complain about my family
@@tycobandit Time to emancipate from that stupid boomer social norms.
I'm a quiet private person i don't like children. Couldnt imagine putting up with what you do. Ill take the peace and quiet of nature.