Stuck In Your Parents’ Basement? Don’t Blame The Economy

[garbon]

I think there is far too much pressure for young people to move out.  Living with parents is a good way to save money. 

Depends where and for how long.  A candidate's job prospects and the economy's dynamism are stunted when he/she is not willing to move, especially early in their career.  I changed positions/locations almost every year in my early-mid 20's to get rapid pay increases and promotions.

Depends on the field. I could have stayed at home and had a similar career.

[DGuller]

So, don't blame the economy but blame the economy? 

I think it has less to do with economy, and more to do with municipal management.  It just doesn't pay off to build new affordable rental units.

[MadImmortalMan]

Depends on the field. I could have stayed at home and had a similar career.

True. Location dependency is going to diminish over the next few decades as well. I'd say it's still a pretty significant advantage being willing to move around at the moment. Eventually, it will be mainly unique specialists and low-skilled laborers who deal with that.

[citizen k]

It just doesn't pay off to build new affordable rental units.

Building unaffordable rental units does?

[Phillip V]

Depends on the field. I could have stayed at home and had a similar career.

True. Location dependency is going to diminish over the next few decades as well. I'd say it's still a pretty significant advantage being willing to move around at the moment. Eventually, it will be mainly unique specialists and low-skilled laborers who deal with that.

And entry-level white collar folks, which are usually young college grads.  I need them in front of me and next to each other at least the first year on the job so they don't do stupid stuff.  It is also in their interest for accelerated advancement and knowledge transfer to drink and eat with me and other professionals.

[garbon]

Depends on the field. I could have stayed at home and had a similar career.

True. Location dependency is going to diminish over the next few decades as well. I'd say it's still a pretty significant advantage being willing to move around at the moment. Eventually, it will be mainly unique specialists and low-skilled laborers who deal with that.

And entry-level white collar folks, which are usually young college grads.  I need them in front of me and next to each other at least the first year on the job so they don't do stupid stuff.  It is also in their interest for accelerated advancement and knowledge transfer to drink and eat with me and other professionals.

I can see how that easily gets replaced, particularly as technology advances and people get more skilled at (become more accustom to) managing newer people remotely.

[CountDeMoney]

Thing is, for every Millennial that stays home and "saves" like the fucked up Chinese, that's one less washer and dryer being purchased, one less HO insurance plan being bought, one less cable customer, etc.; it's a drag on all the sectors.  A consumer-based economy needs, you know, consumers.

Not to mention the stressors placed on their parents, who are dealing with increased costs when they're approaching that time when retirement and its fixed income existence and should be considering downsizing for their fixed income futures.

[garbon]

Thing is, for every Millennial that stays home and "saves" like the fucked up Chinese, that's one less washer and dryer being purchased, one less HO insurance plan being bought, one less cable customer, etc.; it's a drag on all the sectors.  A consumer-based economy needs, you know, consumers.

Not to mention the stressors placed on their parents, who are dealing with increased costs when they're approaching that time when retirement and its fixed income existence and should be considering downsizing for their fixed income futures.

Well presumably said individuals should be helping their parents, not just holding on like a strangling vine.

[CountDeMoney]

Well presumably said individuals should be helping their parents, not just holding on like a strangling vine.

You're assuming they're in the economic position to do so.  They're not all affluent, snot-nosed white suburbanites, you know.

[garbon]

Well presumably said individuals should be helping their parents, not just holding on like a strangling vine.

You're assuming they're in the economic position to do so.  They're not all affluent, snot-nosed white suburbanites, you know.

I'm not sure what poor black people have to do with this. I will say that my poor white cousins did pitch in on family finances until they belatedly flew the family nest.

[CountDeMoney]

Well presumably said individuals should be helping their parents, not just holding on like a strangling vine.

You're assuming they're in the economic position to do so.  They're not all affluent, snot-nosed white suburbanites, you know.

I'm not sure what poor black people have to do with this. I will say that my poor white cousins did pitch in on family finances until they belatedly flew the family nest.

So as long as they pay for room and board, it's all good?

[garbon]

What is all good? WTF are we even talking about?

[CountDeMoney]

I say Millennials staying at home is an exponential drag on the economy.
You say they could pitch in and help at home.
I say they're not all in the position to do that, since they're not all all affluent, snot-nosed white suburbanites.
You ask what do black people have to do with this; besides, your cracker cousins helped pitch in.

I come to the conclusion that, since you've mentioned twice about Millennials helping with finances at home, then obviously as long as Millennials are helping with finances at home then everything's hunky fucking dory with the economy.

The End. Economy: All Good.

[garbon]

Oh so millennials shouldn't blame the economy, we should blame millennial for the economy?

Oh and my white cousins pass but they are actually all half mexican.  Well except for the weird one that no one really likes. Only children.

[CountDeMoney]

Oh so millennials shouldn't blame the economy, we should blame millennial for the economy?

No.