No one wants to go broke.
No one wants to go broke.
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Practically speaking, this means entry level jobs for a “middle” class career track are now only available to those whose parents can cover rent/commute/work supplies costs. If you can’t lean on intergenerational wealth, you’re screwed.
America is going to get used to multigen homes just like 3rd world counties have to do.
My partner and I live with her mom, and we are all so much less stressed than before. Now we have the energy to clean, cook at home even when wanting nice food, etc. It's really great.
Honestly I'm a fan of living at home. My mother and I bring in about the same each month and rather than having to then blow a solid percentage of each paycheck paying for shelter, food, heating separate places, etc, a smaller percentage leaves the communal pot to cover these same costs, alone we'd both probably get by meagerly, but together we have enough to not really struggle.
And I cant wait.
been there for years now. as I was reading articles about how "young people are moving back in with their parents!!1!" it was actually my parents moving back in with me. As I was reading articles about "young people are financially irresponsible!!!11!!" I was covering my parents' bills. As I was reading articles about how "young people splurge on treats!!!!1!" I was budgeting for a household with 3 generations. It makes me sick the way the media talks about working class people, especially young people. I'm not even "young" any more so I see the vitriol leveled against millenials now getting leveled against zoomers.
10% of the sample reported turning down a job due to these costs -- that's not nothing, but it's not like this affects even close to most of that group.
On the other hand, it creates a pool of high quality employees for their leaner competitors to hire from.
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